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20 May 2010
I was recently asked what can technology do to make life easier for accountants?
Momentarily I was stumped. There are many upgrades in the pipeline; online and remote working capabilities; technologies that use less energy but run twice as fast; even technology which is able to calculate carbon emissions or VAT payments.
But then it suddenly dawned on me...... how about technology that just worked!
Accountants, and the public at large, have consistently complained the technology they have is not compatable with other programmes, or is slower than expected ,or is too complex, or just doesn't work the way they thought it would.
Technology companies take note all we want is something that does what it says on the tin.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Interesting question, but I thought you might have been a little more creative (and surely "Accountancy Age's technology reporter" shouldn't have been momentarily stumped by this question?).
I liked your thoughts on "upgrades in the pipeline" (let's take those thoughts further, and consider what's possible!), and I agree that it is frustrating that technology might not always work fully (but on the other hand the cost of solving the last 20% of functionality issues might be far greater than achieving the 80% success rate ...).
Technology changes might create all sort of benefits for accountants (and has done so already - without SAP, Hyperion, Sage, Microsoft Excel, and calculators, etc. we'd still be using abacus, ledger paper and HB pencils to calculate provisions on hedging contracts ...). Without technology accountants likely wouldn't be sharing thoughts over blogs such as this one.
A few further thoughts about where it might go next:
- using iPads (or other tablet computers) to monitor SixSigma KPIs on a workfloor, to run through SOX410 checklists, subscriptions to AccountancyAge, etc.
- using cloud computing servers to store the latest financial standards, that anyone with a laptop computer, tablet computer or smartphone can instantly access, search to call up the current standard,
- using Skype and other social media tools to allow CFOs better contact to their controllors around the world without increasing their carbon footprint,
- the "internet of things" (see Wikipedia) would allow inventory to be tagged (already possible with RFID) such that stockcounts and inventory management are more automated and better controlled
- the "holy grail" of the "paperless office" - maybe cloud computing combined with permanent network access (WiFi or 3G) and tablet computers, will finally mean that we don't need to print so much "for the file"
Posted by: Matt, 20 May 2010 | 13:06
matt reply much more useful than acty age uni.graduate with her useless non constructive, non positive reply/suggestion a disgrace to actcy age quality of past excellence!!omg!!! better start dear acty age vetting your trainees reply before blackening/whitening them out to stop wasting readers time online!!!
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