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Updated by cpainnovations on May 21, 2020
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Accounting outsourcing

News related to Accounting, bookkeeping, CPA firms, RPA in accounting

The Impact of Technology on Accounting and Taxation - CPA Innovations

Technology in concert with a changing business approach has created tremendous value addition to accounting and taxation.

How is Robotic Process Automation (RPA) transforming accounting? - CPA Innovations

Robotic Process Automation (RPA) automates diverse, repeatable tasks. It analyzes data and makes decisions based on a set of pre-defined logic parameters in order to automate tasks formerly performed by humans.

Top challenges accounting firms face today and how they can be overcome - CPA Innovations

The looming risk of cyber threats is an additional challenge testing the accounting industry’s effectiveness today.In this article, we give you a run-down on the top 5 challenges that accounting firms are currently facing, and how you can overcome them.

Best Practices for CPA firms to improve client retention rate - CPA Innovations

Increasing customer retention by 5% can increase profits from 25-95%. Here are some ways you can improve client retention rate:

What are the advantages of outsourcing accounting services? - CPA Innovations

Current trends indicate that outsourcing accounting is one of the fastest-growing areas for CPA firms. The digital landscape has also evolved considerably resulting in fierce competition, increasing the pressure on CPA firms.

Streamlining the Journal Entry Process with Robotic Process Automation - CPA Innovations

RPA works as a software bot capable of being programmed to do the functions of a human operator such as using computer programs. This improves overall performance and efficiency by a significant degree

What security measures should CPA firms take against cyber-attacks? - CPA Innovations

Emerging, novel tools have become a central part of day-to-day life at a CPA firm.However, with the growing reach of the Internet, the likelihood of a cyber attack is also increasing.

How Can Bookkeeping and Virtual Controller Services Prevent Degradation of Your Books? - CPA Innovations

Bookkeeping is one of the most important processes for your organization’s accounting and financial department. From large enterprises to startups and small businesses, every company needs access to complete, accurate, and up-to-date bookkeeping.

Why Should CPA Firms Standardize Processes Before Deploying RPA? - CPA Innovations

Accounting firms are increasingly embarking on RPA implementations to support their current processes, all to often without evaluating or standardizing the protocols being automated.

Embracing Technology for Auditing Creates New Opportunities - CPA Innovations

Emerging technology allows auditing firms to redesign their workflow and improve business opportunities. Technology enables a novel analysis of structured and unstructured data in ways not possible before.

Client Accounting Services (CAS) - The Future of CPA firms - CPA Innovations

The main objective of CAS is to present your firm as more than just an accounting and taxation service provider. A comprehensive CAS practice manages a wide spectrum of services necessary for running a business efficiently.

What security measures should CPA firms take against cyber-attacks? - CPA Innovations

Emerging, novel tools have become a central part of day-to-day life at a CPA firm.However, with the growing reach of the Internet, the likelihood of a cyber attack is also increasing.

Embracing Technology for Auditing Creates New Opportunities - CPA Innovations

Emerging technology allows auditing firms to redesign their workflow and improve business opportunities. Technology enables a novel analysis of structured and unstructured data in ways not possible before.