Given the advanced IT solutions that are available to enterprises today, there’s no question that the business landscape is evolving—and fast. Technology is the driving force behind these rapid changes and if companies are not prudent enough, the influx of different tech tools can drive up IT spending without the anticipated benefits. One way of making your tech solutions work for you in ways that can create a real impact on your bottom line is to engage the services of a managed services provider or MSP.
Benefits of Adopting Cloud Technology for Accounting Firms
‘’Cloud Computing’’ could be akin to a tech buzzword that has been around for years. However, unless they have been living under a digital rock, accounting firms will be aware that cloud computing has finally moved from just another buzzword to a real tool for businesses.
According to a report by Intuit, almost 80 percent of U.S. small businesses will be fully adapted to cloud computing by 2020 with an increasing number of respondents currently using it or planning to within the next two years.
An increased compliance burden
The issue of increased regulation is a challenge to many businesses. The regulatory burden has been increasing; indeed, in stark contrast with the public sector slashing budgets, the powers and capability of quango executive agencies seem to have expanded.
13 Ways HTL Supports Practice and Helps the Accountancy Profession Obtain More Value from Technology
Exemplary support for the compliance mission in the finance sector
Businesses operating in regulated sectors need access to technology that supports the compliance mission. When it comes to Professional Services organisations, technology and service providers need to be exemplary in helping to discharge regulatory obligations. Here we highlight how HTL Support provides the solutions to help accountancy firms get the best from technology while meeting compliance and following best practice.
Guidance for firms outsourcing to the ‘cloud’
When it comes to regulation, until now, the document ‘Considerations for firms thinking of using third-party technology (off-the-shelf) banking solutions’ issued in July 2014 had been the chief source of leadership from the FCA on such matters.
Big bonuses for finance firms!
Whether it's a web email service, or the apps on smartphones, tablets and wearable gadgets, the majority of us enjoy the benefits of personal internet applications delivered from the cloud.