Automation

Within corporate environments, accountants are essential team members when it comes to governance, risk and compliance, especially during the pandemic.

Automated technology makes it easier to provide extra services during these difficult times; and it also creates opportunity to move to value pricing.

Vendors can send their invoices to an email address, where Expensify will automatically scan them, present them to the business for approval, and then cut the vendor a check automatically from the user’s business bank account.

The recent announcement of potential financial transaction taxes in New York and New Jersey alongside new regulations represent a growing operational challenge.

A valued accountant is a holistic business advisor to clients, solving human problems that technology simply cannot — and will never be able to — solve on its own.

Accounting firms gain much more by automating information collection than you might think.

Despite the many, many downsides of COVID-19, one of the biggest silver linings has been that it forced CPAs and accountants into being true advisors to their clients.

The shutdown in March forced O&G firms to confront the inefficiencies of their financial processes.