Is social media a fad?
Or is it the biggest shift since the Industrial Revolution?
Welcome to the World of Socialnomics.
Top Tips for Tech Savings: Plan for the ROI
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering…
Gary C. Crouch, CPA.CITP, MCP
President
Crouch
The best thing is to spend wisely. Technology is an investment which needs to be planned and focused on ROI. Although you can often put off the investment, an organization should understand the lost opportunities they forego.
Initially, an organization should review where they need to make changes in order to be better; more effective and more efficient in solving their customer’s needs. Prioritizing these needs based on the benefits to the organization and their customers provides a road map to success. Cash flow may not allow all changes to be made immediately, but the prioritization shows the organization what benefits they loose by not making a change.
So the decision becomes if I put off the investment for 12 months, what have I cost my firm? Does this make sense based on our vision? Spending wisely, according to a plan with documented benefits will serve the organization not by saving money, but by making the firm better.
Top Tips for Tech Savings: Sometimes, staff knows best
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering…
Dodson
Laura Dodson
Blue Stone Accounting
One of the best ways to economize on technology, is to train employees on all the possible uses of the existing software and hardware. In a tax and accounting firms, the most important resource are the employees. They will often devise way to keep the technology costs down, while still providing excellent customer service. And they will be the first to tell you if a software or hardware package does not meet the needs of the clients.
Top Tips for Tech Savings: Invest in training
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering….
Alex Vuchnich, CPA, CFE
Owner at Alexander G Vuchnich, CPA
Vuchnich
I was interested to see many of the responses so far started with something like the best way to economize on technology costs is either ‘don’t spend’ or find free solutions. This is an indicator to me that most firms are still stuck in the technology is a ‘cost center’ rather than a strategic resource.
My suggestion is that firms should try spending some of their technology budgets on training in evaluating and using technology so they can maximize the benefit of what they already have and so they can identify the right solutions going forward.
Top Tips for Tech Savings: Virtualize!
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering…
Ron Eagle
President
Information Technology Alliance
Virtualize, virtualize, virtualize! Smaller footprint, less maintenance, less energy consumption, better backup and recovery.
What Recession? Accounting Industry Adds 2,300 Jobs in August
While U.S. economy loses 216,000 jobs and unemployment hits 9.7 percent.
In today’s monthly employment situation data release, the Bureau of Labor Statistics reported that total employment in the nation’s accounting and bookkeeping services sector climbed by a seasonally adjusted 2,300 jobs in August from July, to stand at a head count of 943,900.
Top Tips for Tech Savings: Know exactly what you need
We’ve been asking, “What’s the best way to economize on technology costs in this economy?” And you’ve been answering….
Steve Bates
Director of Operations at Bates Tax and Accounting, Inc.
http://www.batestax.com
Obviously, the best way to save money is to not spend it in the first place. But, I think the spirit of your question is asking more about how firms can deploy capital wisely and in ways that can add to the bottom line.
New firms can have an advantage over older firms because they do not have the sunk costs associated with legacy systems.
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