global trade wars, political winds buffet business.
by kayleigh padar 卡塔尔世界杯常规比赛时间
cpas should be prepared to help their clients navigate an increasingly unstable global economy and burgeoning challenges with technology, particularly cyber threats, according to a new global study of c-level executives.
the annual study from atkearney shows a bumpy road ahead for global executives, from the effects of brexit to the increase in targeted fake news campaigns.read more →
when considering a succession plan that involves merging up, some very well-managed and profitable smaller firms actually feel like they are taking a step backward.
they view the larger, acquiring firm as having multiple partners who seem complacent and unwilling to invest in digital tools that will take the firm into the future. decision-making is way too slow.
the issue of capitalization has definitely come to the forefront. with all of the changes taking place in the profession, trends ranging from technology (artificial intelligence) to new products and services, it is apparent that firms will need to make significant investments if they want to remain competitive.
this dynamic brings in new issues of overall firm profitability, as well as the potential compression of current partner earnings. it is a classic case of the investment in innovation vs. the wants and needs of partners in terms of compensation. read more →
let machines crunch the data. you provide the insight.
by hitendra r. patil and eli fathi
you are already riding the ai wave to some extent because, most likely, your car has some ai built into it. you ride it to work. how about riding artificial intelligence at and in your work?
in today’s economic environment, it’s not enough to offer services in the same way that it’s always been done and hope that business will thrive. many accounting firms are embracing new technology, such as robotic process automation, cloud-based analytics and dashboards to offer a competitive edge but the industry has come to a crossroads. while these computer-assisted and rules-based tools are considered the norm, ai and machine learning solutions are driving the leading edge. read more →
20 key concepts for now. 5 key questions for the future.
by hitendra patil
accountaneur
social media. big data. automation. artificial intelligence. machine learning. there is already a lot of technological impact on the accounting profession. now comes blockchain.
how practical, affordable ai is already transforming accounting.
by hitendra r. patil and eli fathi
fathi
co-author eli fathi is ceo at mindbridge ai, developer of the world’s first auditing tool based upon artificial intelligence and machine learning technologies – the ai auditor – to uncover errors in financial data. he attended algonquin college and the university of ottawa, where he earned a master’s degree in engineering. fathi has been a technology entrepreneur for over 30 years, having founded or co-founded numerous technology companies including fluidware corp. he currently sits on the boards of the ontario chamber of commerce, start-up canada, and c-com, a company that develops satellite-based technologies.
artificial intelligence (ai) tends to conjure up images of sci-fi movies, with costly computers replacing humans for some sinister purpose, but the reality is much more collaborative and effective.
while ai has been adopted by many industries, its adoption rate in financial services has been relatively slow, and for understandable reasons. but you can get a feel of ai’s possible impact when you see that 76% of banking cxos agree that adopting ai will be critical to their organization’s ability to differentiate in the market.
practical, affordable ai is here, and the question is not whether or not to adopt, rather it is how quickly to get on board to differentiate in the quality, effectiveness, and efficiencies that ai-based solutions can provide.
ai is poised to transform the accounting industry. let’s see why.
your client of the future will be vastly different from your client of now. you won’t have a firm of the future without understanding the new breed of client.
like most accountants, you probably have faith that numbers tell a story. so, let’s look at some numbers and seven mega-trends that can help you get clarity about your client of the future. read more →
the many challenges tax and accounting firms face today can be daunting:
accelerating changes in technology (now reaching beyond blockchain to the frontiers of artificial intelligence)
staffing shortages (not just a rarity of professionals but too few up to speed on regs and tech)
a new generation (young professionals who expect flex time, time off, telecommuting, fewer hours, and similar perks and benefits)
an old generation (baby boomer partners working more years but getting older nonetheless)
increased competition crossed with ever-evolving marketing media (a battlefield unknown to people trained only in accountancy)
the evolution of auditing (or is it an ongoing revolution?)
new client opportunities (maximizing potential of niches, it service, consultation, etc.)
practitioners in firms large and small are doing their best to meet the challenges, but meeting challenges can divert energy and effort from actually growing a business.
accountant and client expectations are driving today’s changes. technology is only the enabler.
warawa
by jennifer warawa executive vice president – partners, accountants & alliances at sage
the world is changing — that’s no surprise, especially to accountants. conventional wisdom will tell you it’s new tech adoption that’s changing our field, increasing competition and altering the way we do our jobs. but is that what’s really happening? not necessarily.
accountants today are feeling more pressure than ever to stay competitive. at the same time — accountants are expanding far past their traditional roles — becoming more holistic business advisors to their clients and strategic partners with an ever-increasing list of demands on their time.
“as an industry, we need to be more careful about that. it’s not just moving money from one account to another. the second point i would say is design. it’s a very important element of this. we see people sometimes like to have more control. read more →
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