In the past few weeks, Facebook has come under unprecedented fire for giving up the personal information of more than 50 million of its users. In 2014, political consulting firm Cambridge Analytica used a researchers’ app to access the Facebook data of 270,000 consenting individuals — and to plunder info from millions upon millions of their unsuspecting friends.
A year ago, P.F. Chang’s finance chief Jim Bell and his team were wasting time. As Bell told the Wall Street Journal, they regularly spent hours sending out their sheafs of spreadsheets to team leaders at their 415 U.S. restaurants. The process was clunky, but, Bell and his team thought, a necessary evil.
Over the past few months, it seems like every conversation between accountants has turned to the subject of cryptocurrency. There was a time not that long ago when the only person in your office who knew about this radical new form of currency was the wild-eyed staff member who spent their off hours trading Bitcoin.
Like it or not, simply doing your job well isn’t enough to stand out in today’s hyper-competitive marketplace. If you want to grow your accounting practice, you have to exceed expectations and deliver a client experience that will garner rave reviews.
With self-serve accounting solutions on the rise, and the market more competitive than ever, savvy accountants need to be on the lookout for any opportunity to add value to the client experience. And in the midst of a shifting technological landscape, it’s clear that there is one avenue that will keep accountants relevant long-term: technology consulting.
“We’ve given cloud commerce a complete overhaul and we think both SMBs and their accountants will love it! The new product solves so many issues that online retailers face daily.”
What do you think of when you hear the initials TLC? The first thing that probably comes to mind is “tender love and care.” You might also recall the 90s R&B group and their massive hits “Waterfalls” and “No Scrubs.” But did you also think about “total landed cost”?
In today’s world, every business runs on data. The more information a company has, the better its ability to make smart, strategic decisions. Detailed, up-to-the-minute financial reports contain some of the most essential data a business can gather.