Technology Archives - Wiss & Company, LLP

Q&A: Breaking Down the Chip Shortage

Written on March 9, 2022. Posted in Technology.

Though some of the supply chain delays are related to staffing concerns related to COVID, the most prevalent disrupter is the chip shortage. As supply chain continues to be a topic of discussion for consumers in all industries, and a pain point for most manufacturers and distributors, the below interview sheds some light on the cause of the chip shortage and the outlook for the next few years. Eskander Yavar, BDO’s National Manufacturing Practice Leader, sat down with Tom Stringer,...

ERP Trends to Watch in 2022

Written on January 10, 2022. Posted in Technology.

By Alex Volpi, Technology Advisory Practice Leader More than ever, businesses are investing in technology. Worldwide IT spending is totaled $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc. Companies are constantly bombarded by the term ‘Digital Transformation.’ Overhauling manual internal processes, retiring legacy business software, and implementing modern cloud technology is the goal for many business...

R&D Tax Credits for the Technology & Software Industry

Written on November 9, 2021. Posted in State & Local Tax Services, Tax, Tax Alerts, Technology.

Generate cash from your past and future investments to develop or improve software. If your company has paid for software to be developed or improved in the U.S., you may be eligible for federal and state R&D tax credits equaling up to 25% of qualified spending. If your company is financing such activities outside of the U.S., the incentives may be even greater. These dollar–for–dollar offsets against regular income tax liability have enabled many startup and mature businesses...

5 of the Most Common Reasons Software Implementations Fail

Written on September 21, 2021. Posted in Technology.

By Alex Volpi, Technology Advisory Practice Leader Your organization just selected a new software application to deploy to the business, now what? As humans, we are hardwired to resist change. This is particularly true when it comes to software implementations. Employees throughout the organization are going to be impacted by this change, some more than others, and communicating that change is coming early can make all the difference. According to a survey of more than...

5 Benefits of Implementing an ERP System to Your Business

Written on September 2, 2021. Posted in Advisory Services, General Business, Technology.

By Alex Volpi, Technology Advisory Practice Leader At some point, companies will reach a point where spreadsheets, disparate systems and disjointed processes are no longer cutting it. This is where Enterprise Resource Planning (ERP) systems come into the picture for many organizations. In fact, 96% of emerging businesses that are leaders in their industries use an ERP system, and 95% of companies saw an improvement in their business processes after implementing an ERP system,...

Technology and Cybersecurity in a Work-From-Home World: Q&A with Wiss’s Director of Information Technology Joe Turk

Written on November 30, 2020. Posted in Technology.

By Lisa Calick Series introduction: In this four-part Q&A series, Senior Professional in Human Resources (SPHR) Lisa Calick speaks with experts from Wiss to learn about the challenges that clients face due to the changes in work arrangements and culture as a result of the pandemic. As a Senior Professional in Human Resources (SPHR), I spend my days giving human resources advice to Wiss clients, helping them with everything from benefits inquiries to staying in compliance with...

Latest Cyber Security Threats

Written on April 16, 2020. Posted in Technology.

By David Singletary As more people start working from home, they are taking advantage of online conference services like Zoom. Over 500,000 unique Zoom account credentials were discovered on dark web hacker forums. Exposed data includes victims’ email addresses, passwords, personal meeting URLs, and HostKeys, and were likely gathered through credential stuffing attacks. NJCCIC “The New Jersey Cybersecurity and Communications Integration Cell “ recommends the following when using...

COVID-19 Spawns New Phishing Scams

Written on March 31, 2020. Posted in General Business, Technology.

by David Singletary As the country and world are trying to deal with recent COVID-19 pandemic, cybercriminals are taking advantage of people’s quest for information. You’ve probably noticed a plethora of emails from every retailer, software company, or business you’ve dealt with in recent years. Cybercriminals see an excellent opportunity to slide in phishing scams amid all the information being sent your way. The following are two examples: What’s...

Continual Planning to Keep your Business Running Effectively During This Crisis

Written on March 16, 2020. Posted in General Business, Technology.

By David Singletary As we all continue to face the abrupt changes in the way in which we work and the pressures on all of us to keep our businesses going during this crisis, I want to share with you some key insights and things to continue to think about as we move through this “remote” time. Please know that I along with our team are here to help you in any way that we can. There are some key elements that each of us needs to ensure are in place to create the most effective way...

Leverage Automation to Enhance Your Accounts Payable System

Written on June 4, 2019. Posted in Technology.

Your organization has embraced advanced technology everywhere it seems to fit. In that way, you’re staying competitive in your industry and meeting the expectations of clients or customers. Nonetheless, if your accounts payable people aren’t leveraging technology to streamline workflow, your company is still missing the mark. Sometimes you don’t know what you’re missing until you make a change. Here are some of the leading benefits of a changeover to an automated AP system. Workflow...

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