IC Opportunities Honors Innovative Technology Developer
by AccountingWEB on
By Deanna C. White
At the inaugural Innovation and Collaboration Opportunities (IC Opportunities) event in Schaumburg, Illinois, this February, there was a vibrant, envelope-pushing discussion among young and young-thinking accountants about how to move the profession forward and adapt to the needs of an increasingly tech-savvy business world.
But one person was singled out for special recognition.
IC Opportunities event organizers named technology developer Sharra Chan, CEO/founder, of Orange Door Inc., a San Bruno, California‒based start-up technology company, the first recipient of the IC Opportunities Innovative Opportunities Award.
The award was sponsored by the THRIVEal+CPA Network, an online community that "exists to engage, empower, and encourage current or prospective CPA firm owners toward disruptive innovations, meaningful education, and deeper relationships with their customers," according to THRIVEal.
Orange Tax Suite Pro is a cloud-based tax preparation software that allows accountants to work from any location/any computer, create customized worksheets, utilize a brandable client portal, transfer documents, enter data in an online organizer, and more. The product is limitedly available on the Orange Door website. A full rollout will be released by the end of 2012.
"The whole idea behind IC Opportunities is to bring all these people together who are doing good, tough, innovative stuff and talk about ideas to advance the profession," said IC Opportunities founder Jody Padar, CPA, CEO of the New Vision CPA Group in Arlington Heights, Illinois, the firm that hosted the event.
"Sharra embodies the spirit of that movement. She is a developer who is creating tax software from scratch. When people told her she couldn't do it, she didn't care what everyone else said. She just decided to create the change," Padar said. "Sharra has truly made a difference in the profession of public accountancy."
Padar said the Innovative Opportunities Award was created to acknowledge a person who takes on the hard work of changing the profession ‒ a person who has a commitment to his or her vision and the ability to see opportunities that others have overlooked.
Chan said she was "absolutely amazed" and completely honored her IC Opportunities peers chose her as the first recipient of the award. "These are the leaders of the next generation of this profession. There were so many incredible thinkers in that room. I was simply proud to be nominated," she said.
Chan, an industrial engineer, says she felt the existing software offerings were not providing a platform that pushed the "real-time" data-sync and communication boundaries between accountants and their clients. As a smaller firm, Orange Door has greater agility in making changes in the industry, where a larger company may have to go through greater obstacles to get change moving.
"We needed a solution that would let us think about accounting in a new way. We needed to ask ourselves how we interact in terms of social streams, and what we don't have in the accounting world is that sort of forethought," Chan said. "It's time to catch up and see where we can go."
And Chan isn't one to simply wait around. In 2004, she gathered a team of engineers and founded Orange Door Inc. to develop a technology platform herself.
Today, Chan says Orange Door offers more than mere tax preparation software. The firm prides itself on offering software that meets the growing demands of the entrepreneurial spirit ‒ entrepreneurs who have had to rapidly adapt to the way technology has changed the way people do business.
By utilizing "next-gen" technology innovations, Orange Door developed an affordable fully cloud-based tax preparation software ‒ Orange Tax Suite Pro ‒ that allows accountants to:
- Work from any location on any computer
- Create customized worksheets
- Utilize a brandable client portal
- Communicate securely with their clients
- Transfer documents
- Enter data in an online organizer
- Improve workflow
- Capitalize on newer technology
- Advance their practices by designing technology solutions that grow with small to medium-sized businesses
"Currently, tax professionals can use a single software company that provides multiple products or offers segregated partnerships with a few partners," Chan said. "The ability to select best-of-breed cloud products is much needed in our industry. By partnering with multiple applications and placing it on a single platform, Orange Tax Suite Pro will allow accountants, their clients, and financial service providers the power to select the products that best meet their needs."
The cloud-based tax product is limitedly available on the Orange Door website. A full rollout will be released by the end of 2012.
For more information on THRIVEal+CPA, visit its website. To follow IC Opportunities developments, contact Padar at Jody@newvisioncpagroup.com.
- IC Opportunities Event – A Forum for Industry Innovation and Change
- Embracing Change in the Accounting Profession
You may like these other stories...
There is increased optimism about the US economy among business executives, as more are anticipating modest growth in recruitment, staff training, and targeted capital spending in the next year, according to results of a new...
To read more articles by Jeff Davidson, click here.One of my teeth is moving behind another, and it may cost me $6,500 to fix. I’m also facing obstacles professionally and personally. Even if I resolve the six to eight...
Read more articles by Alexandra DeFelice here.Time is money. So if every day we can pick up six minutes of productivity, over the year we'll gain 24 more hours. That's three, eight-hour workdays--or days to do...
Upcoming CPE Webinars
BAR is an acronym for: Boundaries, Authority and Role. This simple tool will provide participants with a solid understanding of leadership essentials to improve their performance.
This material is designed to provide a start-to-finish overview of how to plan and complete high-quality small audits efficiently.
In this session Excel expert David H. Ringstrom, CPA shares numerous techniques that you can use to work with charts more efficiently.
Key Accounting and Reporting Issues for Nonprofits No. 1: Overview and Statement of Financial Position
This material focuses on non-profit organizations organization, accounting and reporting.