Technology is revolutionising the accounting industry and that means good things for clients who engage innovative businesses. At Next Dimension Accounting, technological solutions empower us to streamline outcomes and processes for our clients.
These key developments in accounting technology were highlighted in a recent article:
Meetings, screen sharing and dashboards
The COVID-19 pandemic has increased the adoption of video conferencing for both one-to-one and group meetings. Video conferencing coupled with screen sharing capabilities and cloud accounting software with smart dashboards provides high level insights that allow for greater analysis and planning.
Cloud-based accounting software and apps
New and exciting software solutions are being launched each day. The power of apps that link in with cloud-based applications like Xero allows for integrations that empower smart work solutions. Our team stays on top of the latest apps and we regularly brainstorm ways to use those apps to support our clients, expand their knowledge and success.
Automation and AI
One of the main benefits of technological solutions is the efficiencies achieved through automating processes. We are just scratching the surface when it comes to AI and machine learning and its ability to assist with predictive analytics and forecasting.
Data Security will continue to be increasingly important to our company and our clients. Having the right user permissions, approvals processes, validation rules and security settings is key to ensuring that the risk of business disruption is minimised and that staff are aware of priorities and protocols. The Next Dimension team takes data security seriously and we take all active steps to ensure that client data is secure.
There are cost and efficiency rewards in store for businesses that keep up with the technology revolution. Clients of Next Dimension can be assured that our team has done the work for you assessing what is on the market, trying out new products and testing programs and apps. If you would like to chat with us about the best technology for your business or NFP get in touch today.