Technology Innovation Awards spotlight productivity-enhancing technologies
by AccountingWEB on
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...
I am a recent MS Accounting degree graduate and I am looking into a programming/IT related career. Anyone here have experience or know any accountants that diverted their careers into IT/Programming/System design, etc?...
Event Date: May 29, 2014 In this presentation Excel expert David Ringstrom, CPA brings you up to speed on the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both...
No field likes its buzzwords more than technology, and one of today's leading terms is "the cloud." But it's not just a matter of knowing what's fashionable. Accounting professionals who know how to use...
Upcoming CPE Webinars
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.
During the second session of a four-part series on Individual Leadership, the focus will be on time management- a critical success factor for effective leadership. Each person has 24 hours of time to spend each day; the key is making wise investments and knowing what investments yield the greatest return.
This material focuses on the principles of accounting for non-profit organizations’ expenses. It will include discussions of functional expense categories, accounting for functional expenses and allocations of joint costs.