Cybersecurity and Financial Threats – How Should CFOs Protect Data?
Cybersecurity is not just an IT risk, it impacts a business as a whole. A report from IBM found that data breaches cost organizations about $3.86 million per attack. Since the past two decades, there has been a sharp increase in cybersecurity attacks on businesses and internet advertising. As a result, the costs that organizations […]
Missing on Client’s Deadlines? It’s Time to Automate Accounting!
For accounting firms, time is money. This is especially true for small firms aiming to build their reputation and businesses. Missing deadlines or erroneous tasks can prove detrimental to the image of such firms. If you have been struggling with paperwork or other tasks and your clients have been constantly chasing you for missed deadlines, […]
Capacity Planning in 2024: Everything You Need to Know
As we embark on the New Year, it is essential to address the most critical issue for every accounting and CPA firm – Capacity Challenge. While the year on the calendar changes and we continue to adopt newer technology, better accounting processes, and new-age AI tools, capacity challenge continues to be a pressing issue in […]
Small CPA, Big Data Security: Navigating Offshore Partnerships with Confidence
With digitalization, data has become the king, especially for industries like accounting. They often deal with a torrent of financial information from clients of various industries. From tax records to payroll and general ledger to accounts receivable-payable – data comes in all forms. The amount of data that the professionals have to deal with is […]