Technology Innovation Awards spotlight productivity-enhancing technologies

By Isaac M. O'Bannon 

Mobile and Web-based programs, document storage, and knowledge management technologies were among the products honored at the 7th Annual Tax and Accounting Technology Innovation Awards, which were presented June 7 at the California Accounting and Business Show & Conference in Los Angeles.
 
The awards honor new and emerging technologies that have the potential for a significant positive impact on the profession and in the day-to-day work of tax and accounting professionals.
 
Recipients for 2010 are AccountantsWorld for Accounting Relief; CCH, a Wolters Kluwer business, for KnowledgeConnect; Thomson Reuters for its Practice CS Staff Management Module; SmartVault, Inc. for SmartVault v3; and SurePayroll for Mobile Payroll. Two additional products were given honorable mention recognition: The AvaTax with AvaCert system from Avalara; and CCH's ProSystem fx Document SaaS.
 
Winners are selected by The CPA Technology Advisor’s editorial advisory board and awards committee, which include accounting and tax professionals from across the country who are engaged in public practice in firms ranging from sole practitioners to major, multi-office regional practices. The publication, along with its digital content and interactive media, is the leading independent source of technology information for tax professionals and practicing public accountants.
 
There are no subcategories for the awards, but there are trends that appear each year, according to Executive Editor M. Darren Root, CPA.CITP, who presented the awards in Los Angeles. He is the managing partner of the Bloomington, IN-based accounting firm of Root & Associates, LLC, and CEO of his technology consultancy RootWorks, LLC.
 
“Over the past decade, dramatic changes in technology have led to great advances in productivity, particularly in terms of redesigning workflow processes within practices and in the continuing movement toward SaaS-model professional programs,” Root said.
 
The software-as-a-service model has been shown to reduce the IT needs of professional firms, also while offering increased mobility and scalability. Likewise, several new technologies have led to changes in workflow processes, including the initial movement toward a paperless office. Root noted, however, that optimizing how a professional practice performs requires a much broader view.
 
“Over the past decade or so, we’ve continued on from the paperless movement to a point where workflow optimization is the key, and this includes all aspects of how practices operate, collaborate internally and with clients, and even how they interact with outside partners, vendors, and service provider,” said Root. “It requires a monumental re-thinking of how a practice can function most productively and efficiently, and it is being led by technology and business-savvy professionals who have spent their careers teaching clients and other tax and accounting professionals how to work smarter, more efficiently and more profitably.”
 
Reprinted with permission of The CPA Technology Advisor.

You may like these other stories...

Cybersecurity is no longer the domain of an organization's IT staff. It's moved to the boardroom, and in a big way. Accountants and financial managers may have been thinking it's just the province of the tech...
You probably don't want to think about how many times you access the File menu in Excel 2010 or 2013. Personally I think Excel 2010 has the best possible File menu arrangement, other than having Print Preview grafted...
Following other recent high-profile hacking events, investigators discovered yesterday that hackers broke into the draft work paper files of several famous CPA firms. Revealing images of the scantily clad documents have been...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.