GruntWorx(TM), was presented with a 2008 Tax & Accounting Technology Innovation Award by The CPA Technology Advisor magazine. The company was spotlighted at the California Accounting and Business Show & Conference in Los Angeles. GruntWorx was recognized for its breakthrough technology that delivers the highest levels of accuracy in an affordable solution for scanning and organizing tax documents. GruntWorx automatically scans, identifies, organizes and bookmarks client documents so tax professionals can prepare returns faster and more accurately. The web-based application delivers the highest levels of accuracy and security in an affordable solution that makes it easy for firms of any size to increase productivity.
I think web-base applications are always beneficial to the firms.
http://www.redorbit.com/news/technology/1435204/copanion_wins_cpa_technology_advisors_2008_tax__accounting_technology/
Tuesday, March 31, 2009
Sunday, March 22, 2009
ERP cost savings
WAYNE, PA – March 17, 2009 – Jay Deakins, president of Deacom, Inc., recently presented the webinar "Break Free from IT: How Fully Integrated ERP(Enterprise Resource Planning)Software Can Provide the Roadmap for IT Independence," in conjunction with Paint and Coatings Industry (PCI) Magazine. The free event discussed the software selection and implementation process of manufacturer American Inks and Coatings, and explained how using integrated ERP manufacturing software can help manufacturers of paint, coatings, adhesives, and sealants reduce their reliance on IT support and cut down its associated costs. Prior to selecting a new ERP software solution, American Inks and Coatings used three customized software systems and more than a dozen servers to manage its business. System communication breakdowns left the manufacturer of high-volume ink and coatings at the mercy of a remote IT manager - the only person who knew how to "un-stick transactions." After evaluating several best-of-breed replacement systems, American Inks and Coatings chose the DEACOM Integrated Accounting and ERP System. DEACOM was the only software solution that could combine all its business processes, including sales, purchasing, production, formulation, inventory control and lot tracking, regulatory reporting, and accounting, in a single system. In one year, American Inks and Coatings more than paid for its ERP system through savings on former business process and IT impediments. For example, the IT department previously required eight TI lines running in and eight TI lines running out. DEACOM replaced that "with point-to-point communication that reduced their communication costs by a factor of about eight," Deakins said. "It was a huge savings just in simplification." The hour-long webinar also included a detailed discussion of key functionality to look for in manufacturing ERP software, as well as a participant Q & A Session. An archived recording of the webinar is available at www.pcimag.com.To learn more about the DEACOM Integrated Accounting and ERP Software System or to schedule an online demonstration, call 610-971-2278 ext. 15 or visit www.deacom.net. About Deacom, Inc. Headquartered in Wayne, PA, Deacom, Inc. is the producer of DEACOM, a complete accounting and Enterprise Resource Planning (ERP) system for building component and process manufacturers with difficult-to-handle requirements. The DEACOM System seamlessly links all departments within a manufacturing company, providing a comprehensive view of the entire operation. By making complex issues simple, Deacom helps streamline manufacturing business processes to maximize productivity and profitability.
I think ERP is a great idea and it saves businesses a lot of money that can be invested elsewhere. http://www.accountingsoftware411.com/Press/PressDocView.aspx?docid=10713
I think ERP is a great idea and it saves businesses a lot of money that can be invested elsewhere. http://www.accountingsoftware411.com/Press/PressDocView.aspx?docid=10713
Saturday, March 7, 2009
Colligo workgroup edition 4.0
Colligo networks developed Colligo workgroup edition 4.0, which enables mobile workgroups to collaborate through a simple process of discover, connect and interact. Colligo’s instant networking software allows WiFi-enabled notebooks, tablet PCs and PDAs to create “server free” direct connected adhoc networks with a single button click. Users can then share data and interact with each other using common or corporate applications in a secure and reliable environment, regardless of whether they have access to the internet or corporate servers.
In my opinion, this is going to improve the way business is perfomed because of the easy access to information.
http://www.cpatechnologyadvisor.com/web/online/NEWS/Top-Technologies-for-Accounting-and-Tax-Professionals-Recognized/1$1186
In my opinion, this is going to improve the way business is perfomed because of the easy access to information.
http://www.cpatechnologyadvisor.com/web/online/NEWS/Top-Technologies-for-Accounting-and-Tax-Professionals-Recognized/1$1186
Thursday, February 26, 2009
Outsourcing Professions
http://money.cnn.com/2003/12/30/pf/offshorejob/
New York (CNN/Money) - If a tax preparer gets you an unexpected refund this year, you may have an accountant in India to thank.
That's because accounting firms are joining the outsourcing trend established years ago by cost-conscious American manufacturers.
In fact, companies in a number of unexpected industries are now sending work overseas. From scientific lab analysis to medical billing, the service-sector workforce has gone global.
CPA firms are just one example. In the 2002 tax year, accounting firms sent some 25,000 tax returns to be completed by accountants in India. This year, that number is expected to quadruple.
The reason lies in the numbers; accountants in the United States typically earn $4,000 a month. In places like India it's closer to $400, says David Wyle, CEO and founder of SurePrep, a tax-outsourcing firm based in southern California that's employed more than 200 accountants in Bombay and Ahmedabad, India.
"We've estimated firms will save between $40,000 to $50,000 for every 100 returns that are outsourced," adds Wyle, whose firm expects to do 35,000 returns in the coming year. That's up from 7,000 last year.
Xiptax, of Braintree, Mass., is another tax firm that's moved much work overseas for "a whole number of reasons," besides money, says CEO Mark Albrecht.
"Most CPAs do between 45 to 50 percent of their work in two months out of the year. It makes for an extremely stressful time," says Albrecht, who adds that accounting firms must then "strain" to find qualified staffers to help fill in during the crunch.
By hiring full-time staff in India, CPA firms like SurePrep and Xiptax don't have to worry about finding staff here.
Instead, they simply send tax information to a permanent team of qualified accountants in India. American accountants then review the returns before signing off on them.
"The real important part of returns isn't taking a number off a W-2 form and putting it in Box No. 1," notes Albrecht. "The real value is what's retained within the CPA firm -- the tax planning and the review."
I think outsourcing jobs especially professions benefits corporations but hurts us people.
New York (CNN/Money) - If a tax preparer gets you an unexpected refund this year, you may have an accountant in India to thank.
That's because accounting firms are joining the outsourcing trend established years ago by cost-conscious American manufacturers.
In fact, companies in a number of unexpected industries are now sending work overseas. From scientific lab analysis to medical billing, the service-sector workforce has gone global.
CPA firms are just one example. In the 2002 tax year, accounting firms sent some 25,000 tax returns to be completed by accountants in India. This year, that number is expected to quadruple.
The reason lies in the numbers; accountants in the United States typically earn $4,000 a month. In places like India it's closer to $400, says David Wyle, CEO and founder of SurePrep, a tax-outsourcing firm based in southern California that's employed more than 200 accountants in Bombay and Ahmedabad, India.
"We've estimated firms will save between $40,000 to $50,000 for every 100 returns that are outsourced," adds Wyle, whose firm expects to do 35,000 returns in the coming year. That's up from 7,000 last year.
Xiptax, of Braintree, Mass., is another tax firm that's moved much work overseas for "a whole number of reasons," besides money, says CEO Mark Albrecht.
"Most CPAs do between 45 to 50 percent of their work in two months out of the year. It makes for an extremely stressful time," says Albrecht, who adds that accounting firms must then "strain" to find qualified staffers to help fill in during the crunch.
By hiring full-time staff in India, CPA firms like SurePrep and Xiptax don't have to worry about finding staff here.
Instead, they simply send tax information to a permanent team of qualified accountants in India. American accountants then review the returns before signing off on them.
"The real important part of returns isn't taking a number off a W-2 form and putting it in Box No. 1," notes Albrecht. "The real value is what's retained within the CPA firm -- the tax planning and the review."
I think outsourcing jobs especially professions benefits corporations but hurts us people.
Monday, February 16, 2009
Computer readable tags(XBRL)
In spite of the enhanced efficiency it has proven to deliver, a new accounting technology, known as XBRL or Extensible Business Reporting Language, is failing to attract the support expected, according to reports. Referring to it as a 'revolutionary technology', Reuters suggested the technology has the capacity to standardize the way corporate results are reported and speed up trading decisions but has yet been unable to stimulate any real interest in the business community.
The technology works by labelling financial information with computer-readable tags so regulators, investors, managers and other stakeholders can make like-for-like comparisons in financial statements.
Though it has been around for eight or so years, has secured the support of approximately 400 organizations, and boasts the endorsement of US Securities and Exchange Commission Chairman, the wider investment community appears reluctant to entertain the new technology.
Critics of the technology, however, have insisted it is an unpopular choice because it is complicated and lacks simple-to-use software.
But while the technology is still being espoused by some of Wall Street's major players, it is surely too soon to disregard the potential for a future revolution in accounting technology.
In my opinion, labelling financial information with computer readable tags will save time ,reduce cost and increase the efficiency of the organization that uses it.
http://www.cbronline.com/news/new_accounting_technology_failing_to_catch_on
The technology works by labelling financial information with computer-readable tags so regulators, investors, managers and other stakeholders can make like-for-like comparisons in financial statements.
Though it has been around for eight or so years, has secured the support of approximately 400 organizations, and boasts the endorsement of US Securities and Exchange Commission Chairman, the wider investment community appears reluctant to entertain the new technology.
Critics of the technology, however, have insisted it is an unpopular choice because it is complicated and lacks simple-to-use software.
But while the technology is still being espoused by some of Wall Street's major players, it is surely too soon to disregard the potential for a future revolution in accounting technology.
In my opinion, labelling financial information with computer readable tags will save time ,reduce cost and increase the efficiency of the organization that uses it.
http://www.cbronline.com/news/new_accounting_technology_failing_to_catch_on
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