{"id":15577,"date":"2011-10-24t18:28:09","date_gmt":"2011-10-24t22:28:09","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=15577"},"modified":"2017-09-25t19:05:36","modified_gmt":"2017-09-25t23:05:36","slug":"new-research-identifies-top-tech-habits-of-highly-successful-firms","status":"publish","type":"post","link":"\/\/www.g005e.com\/2011\/10\/24\/new-research-identifies-top-tech-habits-of-highly-successful-firms\/","title":{"rendered":"top tech habits of high-performing firms"},"content":{"rendered":"
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study by bay street group finds common attitudes and behaviors at high performing firms that serve as benchmarks for success.<\/strong><\/p>\n

accounting firms that successfully achieve their stated goals share common attitudes and behaviors toward technology adoption, according to a new study by bay street group llc, publisher of 卡塔尔世界杯常规比赛时间.<\/p>\n

the study supports a strong relationship between high performance and a firm\u2019s view of technology as a strategic asset, and uncovers significant gaps between high- and low- performing firms in key areas that can serve as a guide for success.<\/p>\n

though the attitudes common among high performers are not surprising, the gap between high and low performers is enlightening.<\/p>\n

high performing firms, for example:<\/p>\n

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  1. regard technology adoption as a competitive advantage over low performing firms \u2013 by a margin of 27-to-1<\/li>\n
  2. choose the best best-of-breed application available for a particular function \u2013 by a margin of 27-to-1<\/li>\n
  3. understand that there\u2019s an opportunity cost associated with delaying technologyadoption \u2013 by a margin of 7-to-1<\/li>\n
  4. allow plenty of time to implement and learn new technologies \u2013 by a margin of 9-to-1<\/li>\n
  5. encourage employees to explore new technologies and better ways of doing things \u2013 by a margin of 11-to-1<\/li>\n<\/ol>\n

    one of the key results: high performing firms continue, year after year, to experience measurable increases in productivity, by a margin of 6-to-1 over low-performing firms.<\/p>\n

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    the research was sponsored by xcm solutions, llc<\/a>, a leader in delivering cloud-based workflow solutions for accountants, and findings were released in a new white paper by ceo mark albrecht, cpa, mst, entitled, \u201cseven habits of highly successful firms.\u201d click here to download the white paper<\/a><\/strong>.<\/p>\n

    \u201cthe results were enlightening, but not for the correlation between high performance and a technology-progressive attitude,\u201d explained albrecht. \u201cwe expected a relationship, based on our own experience with technology progressive firms. what was surprising was the size of the disparity between high and low performers in their attitudes and behaviors in the seven critical areas the study identified.\u201d<\/p>\n

    three hundred randomly chosen practitioners from firms of all sizes participated in the online survey, \u201ctop tech strategies for 2011.\u201d the study also suggests that the achievement gap will continue to widen between high and low performing firms, particularly as the pace of technology adoption increasingly changes the client service and practice management landscapes.<\/p>\n

    albrecht will share pertinent study findings at the aicpa national tax conference in washington d.c. in november in his session, \u201c7 key steps to maximizing your it investments,\u201d and on his blog, \u201cgoing with the \u2018flow<\/a>.\u201d the white paper is available for download on the xcm solutions web site here<\/strong><\/a>.<\/p>\n

    about xcm solutions, llc<\/strong><\/p>\n

    founded by cpas, xcm solutions, llc provides accounting firms with cloud-based workflow management solutions that increase efficiency, productivity and profitability. the company\u2019s management team has drawn on its extensive experience in public accounting and clear understanding of the paper-driven workflow issues facing the profession to develop technology that addresses those challenges.<\/p>\n

    xcm\u2019s customer-guided development process has helped the company continuously raise the bar for business process automation solutions for the accounting profession. the award-winning xcm\u2122 workflow management software has become a key piece of the technology equation for firms re-engineering paper-based processes as they move toward a paperless environment.<\/p>\n

    in 2010, cpa2biz, a subsidiary of the aicpa, and xcm solutions formed a strategic alliance to bring the xcm workflow management software into cpa2biz’s trusted business advisor solutions cloud computing platform.<\/p>\n

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