survey: cch tops audit solutions
respondents list their top 3 choices.
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6 ingredients for firm value
should you merge? what can you offer your people?
by domenick j. esposito
8 steps to great
i am often asked two questions by small and midsized cpa firms:
- how do we create significant firm value?
- if we can get there, should we sell or stay independent?
more on strategic planning: 4 ways to add $100,000 in new business fees every year | 8 steps to small firm survival | 10 roles of an executive committee | why do we accept poor new business results? | the link between strategy and winning on value
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the answers to these questions, of course, depend on a firm’s particular facts and circumstances and one size does not fit all. nevertheless, i am happy to share my perspective based on best practices.
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survey: workflow & security tie for top tech challenges
trend watch: security and workflow/efficiency remain the leading technology challenges.
how accountants can ride the artificial intelligence wave
let machines crunch the data. you provide the insight.
by hitendra r. patil and eli fathi
you are already riding the ai wave to some extent because, most likely, your car has some ai built into it. you ride it to work. how about riding artificial intelligence at and in your work?
more on entrepreneurial strategy: automation makes it easier for accountants to offer cybersecurity | the why, what and how of cybersecurity for accountants | the client of the future | urgently required: a new definition of accounting | is blockchain a cloud killer? | how to beat automation in accounting | 3 reasons small firms stay small | the new needs of people at accounting firms | 4 pillars of future firm foundation | do you want a practice … or a business? | 3 apps to automate business networking
in today’s economic environment, it’s not enough to offer services in the same way that it’s always been done and hope that business will thrive. many accounting firms are embracing new technology, such as robotic process automation, cloud-based analytics and dashboards to offer a competitive edge but the industry has come to a crossroads. while these computer-assisted and rules-based tools are considered the norm, ai and machine learning solutions are driving the leading edge.
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are you a box or a funnel?
harmonize, don’t just clash and resist.
by bill reeb
a college professor i know has had a difficult time harmonizing as his approach always escalated to clashing and resisting. and no, this isn’t a story about michaelle in disguise, but someone else i had the pleasure of getting to know.
more: tension impacts performance | your perception will shape your experiences | for cpas: the road to wisdom is paved with failure | fear stifles you in every way | change the way you think | let go to get unstuck | investing in loss | you might be your biggest obstacle | what to stop may be more important than what to do
he had a definite approach to teaching and was good at it. he believed in setting very high standards for his students and passing only those who achieved a specific level of excellence.
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