tech and fintech

the words that will change your future

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future informationdistilling the thoughts of thought leaders for emerging trends.

by hitendra patil
accountaneur: the entrepreneurial accountant

with accounting today’s new directory of the “top 100 most influential people in accounting,” we can glean a few clues about the future of the accounting profession.

more accountaneur: brexit worries?  worry more about cexits, texits and pexits  |  linkedin launches accountant-for-hire service  |  4 pillars of future firm foundation  |  ‘uberizing’ means more than technology  |  you don’t think technology helps get new clients?  |  do you want a practice … or a business?  |  ‘decisiveness’ rated top trait for   success in accounting business  |  tax season management: multi-tasking is a myth  |  3 apps to automate business networking  |

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but before going further, take a moment to jot down a few words that come to mind when you think about your own future and the future of your business.

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tech trends for auditors

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superhero businesswoman wearing shadow capenot just tools, but connectivity.

by roman h. kepczyk
quantum of paperless

the advent of today’s audit “document container” applications has transitioned every aspect of audit production into a digital format.

more on tech spending: how the best cpa firms capture best tech practices in procedures manuals | going digital: how to train a client | hit ‘delete,’ but only when it’s time | unified messaging offers benefits | remote access: giving workers what they want | why use windows 10? | desktops vs. laptops
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the key to successfully using these engagement applications is to make sure your personnel have the optimal equipment with them to work digitally. this includes multiple monitors, image capture equipment and remote communications capabilities.
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how the best cpa firms capture best tech practices in procedures manuals

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process touch screen showing workflow designallot hours weekly until everyone is educated.

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 on tech spending: going digital: how to train a client | front-end scanning hits the mainstream | don’t just store documents, manage them | which wireless depends on location | stay on top of software updates | update your backup
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it is the responsibility of firms to capture these individuals’ best practices so that their 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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how offshoring is shaking up accounting

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young businessman on phone with colorful world map backgroundsome firms use this tactic to focus on the work only they can offer.

by rob nixon

manufacturing companies have been using low-cost labor in developing countries for decades to produce their products. just look at the clothes on your back. i bet very few of them are made in the u.s.a.!

more on strategy: the profession disrupted: compliance commoditized
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the reality is that because of escalating labor costs, most western countries have priced themselves out of markets by attempting to produce the product locally.

up until a few years ago, it was primarily “hardware”-based manufacturing companies using this resource. now we are seeing “services” companies embrace the outsourcing trend with fully resourced teams.
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mit’s new device measures power used by each device in your home

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researchers at mit have developed a device and software that could figure out exactly how much power is being used by every appliance, lighting fixture, and device in a home, with pinpoint accuracy and at low cost. photo: bryce vickmark
researchers at mit have developed a device and software that could figure out exactly how much power is being used by every appliance, lighting fixture, and device in a home, with pinpoint accuracy and at low cost. photo: bryce vickmark

sensing your home’s electrical usage.

by rick richardson
technology this week

one of the issues that are often discussed when talking about smart homes is the ability to monitor energy consumption down each appliance and light fixture.we covered a story about sense, a gadget that is supposed to diagnose your electrical usage – by appliance.

more tech this week:  flaws in wireless keyboards let hackers see everything you type  |  floor tiles that translate steps into power  |  samsung’s $1 billion bet on ‘internet of things’  |  google’s modular smartphone  |  6 big changes coming to android phones  |  new iphone case with built-in photo printer  |  foldable samsung concept phone doubles as a tablet  |  more than just a phone case: an extra touchscreen  |   app wants to be the uber for filing taxes  |  gadget turns your smartphone into a 3d printer   |  tabletop-sized touchscreen |  beware! public wi-fi is just not secure  |  zte announces new tablet-projector hybrid at barcelona  |

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