Top Technology Initiatives Feed

Top Technology Initiatives

The 2013 North America Top Technology Initiatives survey is a joint effort between the AICPA and the Chartered Professional Accountants of Canada. The survey, conducted from Feb. 12 through March 6 in the U.S. and Feb. 14 through March 5 in Canada, was based on responses from 1,670 AICPA members nationwide and 219 Canadian respondents who are interested in information technology.

 

 


3 Tips to Find Your Professional True North

CompassFinding your professional true north, a path you can be passionate about and one that will provide you with direction in the future, is attainable – when you have the right navigation. Whether it is honing your personal skill set, positioning your practice for growth or transforming your organization’s technology infrastructure, it is important that you be the navigator. There are endless possibilities to explore, pursue, master and achieve, and it is important you arrive exactly where you want to go.

Keep in mind that finding your way often means asking for directions and talking with others who have already arrived at your desired destination. They can tell you what is not on the map and the best roads to follow to enhance the quality of your journey. Here are three quick tips to find your professional true north:

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How CPAs Can Manage Vendors and Still Focus on Their Core Business

SLAOrganizations must focus on their core business – and that often means hiring vendors and service providers to perform tasks which fall outside of that core.  A prime example of this is upgrading your organization’s information technology structure.  While you may know exactly what you want and how to go about getting it done, chances are that most CPAs lack the time or staff to make that goal a reality – without some outside help.

Managing vendors and service providers ranked among the top ten technology initiatives in both the U.S. and Canada according to the AICPA's 2013 North America Top Technology Initiatives Survey Results. Although overall confidence levels have declined, the survey showed some interesting differences between how public accounting firms and those in business and industry in both countries ranked the issue. In the U.S., public accounting firms rated the issue of managing vendors and service providers as the eighth most important; however business and industry organizations rated it tenth. 

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Managing the Risk of Emerging Technologies

Emerging-technologiesIt is likely that we have all been told to get our heads out of the clouds at one point in our lives. However, emerging technologies are now forcing us to get our heads into the “cloud” and our hands on our mobile data.

Mobile computing, remote computing, social media, big data and cloud computing have enabled CPAs and others to access, use and manage information most anywhere, at any time.  

While these technologies are expected to drive 90% of the growth of the IT market from 2013 through 2020, determining out how to best leverage them is a hot issue for the accounting profession. In fact, the issue of leveraging emerging technologies ranked among the top ten technology initiatives in both the U.S. and Canada according to the AICPA's 2013 North America Top Technology Initiatives Survey results. 

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4 Resolutions for Business Solution Implementation Projects

Solution-implementationAt the beginning of a new year, many people create lists of resolutions or goals for the future. Just like you, companies make resolutions, too. Sometimes companies devise intricate ways to monitor and measure results against these goals. Yet, even with these seemingly adequate preparations in place, one continues to hear and read about project failures with nearly 50 percent of enterprise system implementation projects deemed failures. After a poor go-live, there is plenty of finger-pointing, usually at the external implementation and vendor team.  But, from my perspective, there is also a significant amount of blame that should be shared by the user organization.

So as a CPA and consultant, I would like to offer some resolutions for companies to keep when implementing a new computer system or undertaking an upgrade effort. These resolutions are based on an aggregation of observations during my work troubleshooting and resolving problems after the fact, and are not unique to any one client experience but are common to many engagements.  

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Governing and Managing IT Investment and Spending

Return-on-investmentEvery organization wants to get the most out of its IT initiatives – without spending more than is needed or realizing that you have not spent enough to get the job done until it is too late. The key to achieving this depends on how your organization governs and manages its IT investment and spending – and having effective policies and procedures in place can help you to do just that.

The issue of governing and managing IT investment and spending was one of the top 10 technology initiatives in the AICPA’s 2013 North America Top Technology Initiatives Survey results, which was conducted jointly with the Chartered Professional Accountants of Canada. Governing and managing IT investment and spending ranked eighth in the top ten technology initiatives in the U.S. and was the fifth biggest concern in Canada. However, only 38% of survey respondents in both countries felt confident or highly confident in the ability of their clients’ organizations or their organizations to address this technology initiative.  So, how can you elevate those confidence levels?  By determining how to effectively maximize your IT ROI.

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