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A newly created organization, the Private Company Council, was tasked with improving accounting standards for private companies. The PCC will advise the Financial Accounting Standards Board on accounting matters for private companies, particularly whether GAAP needs to be altered to better address the business needs of private firms.
Cloud is the newest buzzword and it’s get a lot of attention. But how do you know if cloud accounting is the right technology for your company? A recent Dynamic Business article examines the new technology and outlines some of its benefits, including the ability to store data offsite for remote access. It also allows multiple users to update the system at one time.
According to an Accounting Web article, financial executives believe the economy is going to improve this year, with both revenue and profits expected to increase. But while some companies see the need to invest in technology for their businesses, they’re hesitant to spend money right now. They may start the research process now, but delay their purchase.
A Business Computing World article outlined five ways to boost accounts payable efficiency, including imaging supplier invoices electronically and automatically circulating information around companies. Other tips include boosting efficiency by embracing mobile technology, using optimal character recognition and choosing e-mail over traditional mail whenever possible.
Accountants want to get more value from technology and, like so many business professionals around the world, security is one of their primary concerns. As they access more information on mobile platforms, concerns arise about what happens if a person loses the device or it’s stolen.
For ERP to remain a successful software it must keep up with market trends and provide a simple, streamlined experience for users. A recent article on ZDNet highlighted three ways it can attract — and keep — users: Make it easy to use. One of the keys to a successful ERP system is having a…
The CIO and CFO roles are evolving. CIOs are focused on innovation and driving business value, not running server farms. According to an article on CFO.com, CFOs have more of a technology background and are now partnering with CIOs on the applications environment.
Businesses are collecting more and more data, but turning that data into valuable information is the key. Do businesses have a purpose for their data? Unfortunately, many businesses are collecting huge amounts of information without fully understanding why. To gain control over this ever-growing data collection, companies need to do two things: For starters, you…
Some experts say ERP is on its way out. Not so, says Dan Woods, a technology leadership consultant, on Forbes. But there is a problem: Many ERP customers are not fully using the power their systems provide. If they do, companies gain a robust reporting structure.