And 6 emerging innovations used by the best firms.
By Marc Rosenberg
From the introduction to Quantum of Paperless
CPA firms are a lot more innovative than many of us think. In fact, technology is the major area of innovation for CPA firms. The way accountants do their work has been totally transformed and continues to change every year.
Some of the major innovations Roman Kepczyk addresses in the newest edition of Quantum of Paperless: The Partner's Guide to Accounting Firm Optimization include:
2. Smartphones and tablets, including the touchscreen
3. Cloud/SaaS, including portals and addressing security issues
4. Workflow, including paperless audit and other software and scanning technology
5. Knowledge management
6. Social media networking
Meanwhile, leading CPA firm managing partners leverage technology for efficiencies using one or more of nine main strategies, based on a Rosenberg Associates study of a cross-section of firms with revenues ranging from $3 million to $15 million. They are:
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