{"id":8007,"date":"2010-08-15t06:47:00","date_gmt":"2010-08-15t10:47:00","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=8007"},"modified":"2015-10-02t09:59:34","modified_gmt":"2015-10-02t13:59:34","slug":"cpas-dump-old-technologies-for-new","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/08\/15\/cpas-dump-old-technologies-for-new\/","title":{"rendered":"cpas dump old technologies for new"},"content":{"rendered":"

tech trends: cpas shifting to an electronic world<\/strong><\/p>\n

via nysscpa<\/a><\/em><\/p>\n

according to bay street group and capstone marketing, 69 percent of cpa firms are planning to spend more on technology in the next six to 18 months.<\/p>\n

\u201cthe volume of data and things to manage has gone up dramatically,\u201d said mike a. pinna, chair of the society\u2019s technology assurance committee. \u201cfour years ago, it was all paper. now there\u2019s an inundation of files to sort through, and technology has made it possible to do so.\u201d<\/p>\n

\u201c[cpas] are almost completely reliant on computer technology,\u201d said jason m. palmer, chair of the nysscpa\u2019s information technology committee. \u201cpeople are definitely automating \u2026 moving from day planners to online scheduling.\u201d<\/p>\n

according to palmer, there\u2019s a big push among cpa firms to move to electronic resources and project management systems, and establish remote access for employees.<\/p>\n

\u201cremote access is key because it provides a lot of support and synchronization with cpas in the field,\u201d palmer said. \u201cpeople used to be isolated islands in the field.\u201d<\/p>\n

with remote access, \u201cteams are now part of the fabric, in a web and are connected all the time.\u201d<\/p>\n

much of this technology spending will be for implementing paperless technology like electronic workpapers systems, palmer said.<\/p>\n

according to the survey, \u201cleaders\u201d — cpa firms the study considered to be top performers in terms of revenue, profit, technical excellence, client satisfaction, staff morale and tenure, reputation and brand value — were five times more likely to adopt new technology early, eight times more likely to provide continuous training to staff, and 17 times more likely to create and follow a strategic technology plan.<\/p>\n

one technology that more cpa firms are turning to for data management, according to the survey, is cloud computing. whereas only 11 percent a year ago said they would be using cloud technology, 28 percent of the firms anticipated spending money on cloud services this year.<\/p>\n