I have a confession to make. Even though I get into just about anything techie, every time I see the word “blockchain,” my eyes and brain tend to glaze over. I suspect many others have the same reaction.
Yet, we really can’t ignore it. According to Microsoft, blockchain will change the way people think about exchanging value and assets, enforcing contracts and sharing data. It’s expected to grow in importance and transform business operations – on the scale of email and websites. That means CPAs and their clients are going to feel its effects. Wanting to avoid being a “blockhead,” I dove in to see what blockchain is all about. Fortunately, Jim Barnes, a self-described blockchain evangelist, agreed to walk me through it.
Continue reading "Don't look away! Blockchain isn't so bad.." »
Remember the last time you copied information from one system and put it into another? Wasn’t that three hours of Ctrl+C and Ctrl+V fun? It wasn’t? Sounds like you might want to look at robotic process automation (RPA) then.
The name is long and slightly intimidating, but the actual use of RPA isn’t. Despite the name, the technology is accessible and easily integrated into your existing platforms. It increases efficiency and reduces mistakes. This means you can be more productive and can spend more time using your higher-value skills like data analysis.
So how can you get started using RPA?
Continue reading "The secret to less copying and pasting – Robotic Process Automation" »
The CPA profession has been hearing a lot about Robotic Process Automation (RPA), a software technology that can help auditors sift through structured data. But RPA can only do so much. Abigail Zhang, a PhD student in the Department of Accounting and Information Systems at Rutgers Business School, explains why auditors should also consider Intelligent Process Automation (IPA).
What is IPA?
Intelligent Process Automation (IPA) includes:
- Robotic Process Automation (RPA)
- Artificial Intelligence (AI)
- Cognitive Computing (CC)
- Other technologies
Continue reading "Beyond robotics: How AI can help improve the audit process" »