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If you’ve been out of the country before, you know cell coverage doesn’t always go with you. When you take real-time context and combine it with a realistic request, it becomes a winning combination for a good scammer.
Assessing Your Firm’s Technology Using the Accounting Technology Optimization Model
Invest in your firm’s future by ensuring every team member has the information and technology they need to drive efficiencies and encourage growth. How do you know if your firm’s technology can handle issues accounting firms face daily? How can you determine if your tech stack is up to par? Let’s assess and determine if your…
Why Your Firm Should Diversify Your Data Storage
On-prem servers require additional temperature-controlled office space, maintenance, and compliance checks. They’re also more susceptible to data loss because all your data is stored on an in-house server. Simply put, your secure data is less safe when you store it in an on-prem data center; that’s why it’s best practice to use cloud-based data centers…
Technology for Managing People and Processes
Workforce management best practices require using technology to manage people and processes to ensure your accounting firm runs optimally. As digital transformation advances, your legacy systems will need either updating or replacing. Check out these technological advancements that will make managing your workforce nearly effortless. Team Communication Software that coordinates workflows and teamwork among staff…
10 Common Cybersecurity Mistakes Accounting Firms Make
Since the beginning of 2021, there has been a 102% increase in ransomware attacks compared to last year, according to cyber security firm Check Point Software. Unfortunately, small and medium-sized accounting firms are a primary target for these attacks, given their lack of sophisticated security infrastructure. Given this reality, every employee in your firm must…
How to Measure Your Accounting Firm’s Digital Maturity
Digital maturity refers to an organization’s ability to respond quickly and adopt the latest advancements available to its tech stack. It is the key predictor of an organization’s success and drives outcomes that fuel growth and scalability. Software, hardware, and application integrations take time. Yet, up-to-date systems work together more seamlessly, speeding up the time…
How Technology Can Improve Client Retention
The accountant-client relationship is a vital one for both individuals and large corporations. Having strong relationships with their clients is how accounting firms remain successful. Technology is making it easier to foster these relationships and improve client retention. When accounting firms make a digital transformation, they become more efficient. These efficiencies can translate to better…
The Most Common Human Errors that Impact Data Security
Humans make mistakes. Unintentional human errors cost the accounting industry billions of dollars every year. According to a study by IBM, 95% of data breaches involve human error. There are five common human-centered errors employees, managers, and even owners make every day. While the majority of these mistakes are negligent, it’s important to remember that…
What is a VPN? How It Works and Why You Need One
Most people have heard the term VPN or virtual private network, yet not all accountants know precisely what a VPN is, how it works, and why they need one. The main reason is data security, but that isn’t the only reason accounting firms should operate with a VPN. Enhanced network management, functionality, and convenience are also…
How to Future-Proof Your Accounting Firm
The finance industry is rapidly approaching a transition. The time to future-proof your accounting firm is now. In a field known to resist change, developing modern processes is required to remain competitive. In some cases, it will be necessary to make these changes to stay in business. A shift is lurking just around the corner….
6 Home Office Upgrades You Won’t Regret Investing In
Whether a person has been working from home for many years or is new to remote work schedules, it’s essential to have the equipment needed to remain productive. There is a direct correlation between quality home office equipment, job satisfaction, and overall productivity. Long before recent global events that caused a rise in remote workers, more…