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?
TheÂ digital transformation ofÂ accounting was very much necessary because severalÂ individuals in finance and accounting are having a tough time to handle the day-to-day tasks.Â 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 … [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
When talking about disruptive technologies with the potential to change the world forever, it is impossible to ignore the impact of blockchain technology and how millions of people are eager to purchase bitcoin and cryptocurrencies. This unique technology is based on an immutable ledger capable of controlling, registering, and securing cryptographic transactions, in which all … [Read more...] about The Future of Accounting with Blockchain Technology