Robotic process automation has become a rapidly growing concept in a world where the global economy and market climate change in the blink of an eye. Thus, the increasing popularity of RPA technology is considerably impacting the accounting profession. RPA is a new - approach to automation in which the business users like accounting managers are empowered to push automation of … [Read more...] about The Impact of Robotic Process Automation on Accounting
Interestingly, 50% of business owners believe that cybersecurity attacks are reserved for multibillion-dollar and Fortune-500 companies. However, this perception is wrong, as more than 85% of managed service providers reported dealing with ransomware attacks against small and medium businesses. Among the highly targeted SMBs include businesses in the healthcare industry, … [Read more...] about Why Should Your Accounting Business Prioritize Cybersecurity?
Thedigital transformation of''accounting was very much necessary because several''individuals in finance and accounting are having a tough time to handle the day-to-day tasks. According to a study by the IMA, one-third of accounting teams are spending anywhere from 51 percent to 75 percent of their time on repetitive, low-value tasks. Additionally, 56 percent of the … [Read more...] about The impact of digital transformation on accounting
Artificial Intelligence (AI) has become an essential part to the most demanding and faced-paced industries. The impact of artificial intelligence in the accounting industry has been highly phenomenal and it is completely innovating the way they function, create products and services. Many recent enhancements in AI are quickly transforming the face of accounting in several ways. … [Read more...] about An overview of AI in accounting
The Rise of Decentralised Finance The DeFi Conference 2021 is an exciting free 1 day online conference on the 5 August 2021. The event will explore two of the hottest trends to emerge in the industry over the last few years: DeFi and Non-Fungible Tokens (NFTs). On the DeFi track, speakers will explore the factors contributing to the rise of decentralised finance, its … [Read more...] about DeFi Conference 2021