Accounting weekly

Technology

Only 15% of companies are paperless – survey

Despite the increasing need to process invoices remotely as more employees are urged to work from home, the majority of companies still lag behind in automation implementation with accounts payable departments still largely processing invoices manually, according to a survey of accounting and finance professionals released today by Ephesoft, Inc. Key findings include: Distributing or Processing …

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Cloud computing enables simplified Accounting processes

In the constantly evolving world of work, several companies are switching to cloud computing as a means to ease business processes. Proven to be a more cost-effective and secure method of conducting business, cloud solutions offer business owners the convenience of accessing their portals anywhere, at any time. Evert Swanepoel of Equality Accounting Dynamics made the move …

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CIPC move into data provides huge opportunity for accountants

The Companies and for Intellectual Property Commission (CIPC) is planning to harvest its vast database of 20,000 company financial statements and make this research available to the public. This presents a huge opportunity for accountants to provide value-added services and research to their clients, says Rehelda Williams, head of innovation at the CIPC. “This is …

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How accountants can demonstrate value

Recent research by Intuit QuickBooks in South Africa revealed that demonstrating value is one of the biggest challenges for local accountants. They also struggle with believing they are providing good service at a fair price. This is according to Kayur Desai, Head of Marketing and Sales, Emerging Markets at Intuit QuickBooks, who spoke at the recent …

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Half of businesses rushing into accounting tech upgrades – but you’ve seen nothing yet

From TechNative: Neil Robertson, executive chairman at Compleat Software warns that while businesses and vendors struggled with Making Tax Digital (MTD) – this is only the start of the accounting technology revolution. More than half (51%) of finance professionals say their company has upgraded its finance and procurement systems in the last year, with 31% …

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