tech and fintech

‘going cloud’ requires more, not less, cybersecurity

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portrait of william murphy sr.
murphy

it’s a team approach, not a handoff.

by william murphy
accounting firm operations and technology survey

it seems that everyone is “going cloud,” or soon will be. if you are not already in the cloud, chances are you are working your way toward getting there, or you are at least thinking about it.

one reason you are thinking about abandoning those servers in your back office is to avoid the possibility of cyberattack and the loss of your data, or a “holdup for your data” in the form of ransomware. you think that moving to the cloud is going to give you the ultimate in cybersecurity when it comes to protecting your data and the confidential information within it. you had better think again!
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compliance is not dead, it’s evolving

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portrait of seth fineberg
fineberg

personal education is key.

by seth fineberg
accounting firm operations and technology survey

for all of the talk of automation taking away basic accounting work and the bell tolling for any practitioner not moving toward more advisory work, the fact is compliance is not going away.

if anything, the evolution of technology has made compliance work easier – and i dare say more profitable – for particularly small accounting firms that rely on this work as an annuity, their “bread and butter” if you will. the point is, and particularly for the small firms that make up the majority of the accounting profession, compliance is not going away but it is evolving.
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why your firm needs procedure manuals

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5 steps to successmake sure you include all steps.

by roman h. kepczyk
quantum of paperless

every firm has accountants who are 10 percent, 20 percent or even 50 percent more productive in their departments than other personnel because they have simply “figured it out.” unfortunately, when these people leave the firm, their unique knowledge of specific processes and shortcuts goes with them.

more: beyond email: new digital tools | why scanning procedures matter | using databases for document management | survey: firms split on mobile device management | need internet? grab your phone | survey: im still not common at cpa firms
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it is the responsibility of firms to capture these individuals’ best practices so that that specific knowledge can be shared and accessed by all firm members both now and in the future. this can be accomplished by making a concerted effort to develop a best practices manual within each department.
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beyond email: new digital tools

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screwdriver and wrenchthe top 3 remote screen control tools to help clients.

by roman h. kepczyk
quantum of paperless

one of the most critical steps in transitioning a firm to a “paperless” environment is capturing information in a digital format at its “root” source as that information enters the firm.

more: why scanning procedures matter | digital tax workflow requires a system, not projects | survey: 60% of firms employ remote access tools | collaboration should tie in messaging
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at the base level, this means having clients provide you information in a digital format, which can be done via email, digital fax or through a portal rather than with a physical document. while email is currently the most prevalent tool utilized by clients, it is anticipated the security concerns will help clients transition toward portals.
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