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At the forefront of today’s business world, accounting firms strive to stay ahead of the curve and leverage technology to…
Effectively managing remote employees requires intuitive software that promotes productivity, simplifies workflows, and enhances collaboration among every team member. More than half (55%) of companies employ remote workers. Those within the accounting sector need industry-specific remote employee management tools. Here we share programs that we highly recommend for accounting firms that manage a remote workforce. There are…
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A digital transformation – the strategic adoption of digital technologies – for accounting firms does more than simply automate processes. It enhances data collection, improves workflows, and enables strategic decision-making. Digital transformation is the future of accounting. It is a vital step that today’s accounting firms must take to remain compliant, profitable, and successful. There are…
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Moving data, applications, and other facets of operation from an on-premises (or on-prem) server to a cloud-based infrastructure is known as cloud migration. In 2020, there was a 17% growth in the market size of cloud-based services. More organizations recognized the value in making the switch from on-prem servers is the reason for this growth. Why…
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A lapse in internet coverage can be a costly and unwelcomed disruption that could screech business to a halt and damage client relationships. Many small- and mid-sized accounting firms rely on cable and DSL to connect to the internet, which makes them vulnerable to service disruptions that are out of their control. Unexpected outages can…
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You may not even realize it but, among the services included in your Microsoft 365 subscription are two powerful file sync and share programs: SharePoint and OneDrive. While both serve as online file depositories, there are key differences between the two. The programs are complementary, but accountants should be aware of the key ways in…
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You may think that hiring a chief technology officer is not a top priority on your firm’s to-do list, and it’s no wonder considering the highest-paid CTOs earn north of $250,000. But a strategic technology partner is invaluable, giving your business a competitive edge in an increasingly digital world. Luckily, there are ways to affordably…
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Employees with poor password practices can put entire businesses at risk. In fact, weak password security is one of the primary drivers of data breaches among small businesses, with 81% of them occurring when passwords are stolen or hacked, according to a Verizon report. Many employees know the dangers of repeating passwords but do it…
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Cybersecurity attacks are frequently a result of employee error. Conducting regular security awareness training as an essential part of your cybersecurity plan will prepare the warriors on your front line of defense and help stave off disaster. Cybercriminals are actively targeting small businesses. In fact, 43% of all cyberattacks, which include phishing, malware, and ransomware,…
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Disasters of all types and sizes can cost your business time and money. While some of these might be caused by factors outside of your control, it’s important to be aware of the various types of threats so that you can be as prepared as possible. Over the past five years, 54% of companies have…
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As the world continues to evolve into the age of digitization, you might want to consider bringing your antiquated phone system into the modern era. By switching from a traditional phone service to one operated over computer networks and the internet, you’ll be better positioned to meet the demands of a hybrid remote work environment…
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