{"id":55468,"date":"2018-08-07t18:32:11","date_gmt":"2018-08-07t22:32:11","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=55468"},"modified":"2018-08-09t10:57:03","modified_gmt":"2018-08-09t14:57:03","slug":"dont-underestimate-document-management","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/08\/07\/dont-underestimate-document-management\/","title":{"rendered":"don&#8217;t underestimate document management"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/07\/laptopfolders_adobestock_82984197.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-49488\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/07\/laptopfolders_adobestock_82984197-424x364.jpeg\" alt=\"illustration of manila folders dropping from laptop screen\" width=\"424\" height=\"364\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/07\/laptopfolders_adobestock_82984197-424x364.jpeg 424w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/07\/laptopfolders_adobestock_82984197.jpeg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/07\/laptopfolders_adobestock_82984197.jpeg 576w\" sizes=\"auto, (max-width: 424px) 100vw, 424px\" \/><\/a>more robust products should have integrated portals.<\/strong><\/p>\n<p><i>by roman h. kepczyk<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/shop\/qop\/\"><i>quantum of paperless<\/i><\/a><\/p>\n<p>the network drive in most firms is not very well organized and requires the most cleanup. this happens because it is usually managed with microsoft windows explorer, which allows almost anyone to create or access a file anywhere on the drive.<\/p>\n<blockquote><p><b>more: <\/b><a href=\"\/\/www.g005e.com\/2018\/07\/31\/capture-firm-knowledge\/\">how 53% of firms use intranets to work smarter<\/a> | <a href=\"\/\/www.g005e.com\/2018\/07\/24\/digital-communications-unify-messaging\/\">digital communications unify messaging<\/a> | <a href=\"\/\/www.g005e.com\/2018\/07\/03\/remote-access-requires-planning\/\">remote access requires planning<\/a> | <a href=\"\/\/www.g005e.com\/2018\/05\/29\/profession-transitions-windows-7-10\/\">profession transitions from windows 7 to 10<\/a> | <a href=\"\/\/www.g005e.com\/2018\/04\/25\/scanners-capture-documents-source\/\">scanners capture documents at the source<\/a> | <a href=\"\/\/www.g005e.com\/2018\/03\/07\/two-tech-trends-watch\/\">two tech trends to watch<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-49700\" src=\"http:\/\/4f2bur4nuye2cgakm2rm61qk.wpengine.netdna-cdn.com\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1470686574894.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2018\/08\/07\/dont-underestimate-document-management\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n<p>unfortunately, there is seldom a firm standard that is adhered to, allowing users to create files with any naming convention they want and store them anywhere they please. the result can be files that are hard to find and slow to search across the network.<br \/>\n<!--more--><br \/>\nwhen we analyze firms, we find that there is a significant amount of redundancy in files, with multiple versions on network drives. these drives need significant cleanup. while a solution would be to open every file, compare it to other versions, and verify its contents and naming criteria, the time to do this for all documents is not practical. so the solution for managing documents in a paperless environment is to use a tool that will force adherence to the firm\u2019s document retention standards. this is done best by a document management system, which the 2017 cpafma paperless survey found that 80 percent of firms had already implemented.<\/p>\n<p>document management systems come in a couple of levels with the most simple being \u201cflat file\u201d databases such as thomson reuters\u2019 file cabinet solution and lacerte dms, which create an index to quickly find files. these are very cost-effective tools for firms to get started with and support firm standards for file naming conventions and directory structures so they are recommended over using windows explorer, even if just used for a couple of years with the intent of going to a more robust solution at a later time. while flat file solutions are effective for small to medium-size firms, file access speeds can eventually slow down beyond the point of annoyance, as the size and number of files increases.<\/p>\n<p>the next level would be the more robust databases such at wolterskluwer\/cch document, conarc ichannel, doc.it and thomson reuters gofileroom that run on much more robust (sql server) platforms. these tools are significantly more expensive to implement but usually provide better performance for medium to larger size firms as well as more robust features for document search, retrieval and retention. these products usually have an integrated portal to transfer files to and from a client as well as more sophisticated audit trails to help with version control and determine who is authorized to access a specific file. firms need to be serious about implementing and adhering to a document retention policy.<\/p>\n<p>though thomson reuters gofileroom started the trend toward cloud-based document management for accounting firms, wolterskluwer\/cch has responded with its axcess document management tool and other vendors such as smartvault are optimizing solutions for the accounting profession. again, an advantage to consider for cloud-based document management systems is that the provider is responsible for all backups, disaster recovery, updates and expansion of space, which can quickly become a burden when smaller firms grow or merge with another practice.<\/p>\n<p><strong>recommended action:<\/strong> transition firm files to a document management application.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>more robust products should have integrated portals.<\/strong><br \/>\n<em>by roman h. kepczyk<\/em><br \/>\n<em><a href=\"\/\/www.g005e.com\/shop\/qop\/\">quantum of paperless<\/a><\/em><\/p>\n","protected":false},"author":1342,"featured_media":52606,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,2306],"tags":[120,629],"class_list":["post-55468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pro-member-exclusive","category-tech-and-fintech","tag-tech","tag-technology"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo plugin v24.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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