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Tag: technology

Leverage Automation to Enhance Your Accounts Payable System

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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Today’s Software Solutions Vastly Improve HR Staff Productivity

Updated 7/30/2019. I recently visited a client company with over 750 employees. The HR staff kept track of vacations on a spreadsheet. Anyone considering taking time off would first call up some poor overworked HR rep and see how many days they had remaining. That rep would have to then manually update the remaining totals. I have to imagine that was pretty much how that staffer spent his or her summer months at work. This same company had a total of about ten spreadsheets keeping...

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Recruiting for Millennials

By Kelsey Silverstein Developing a recruitment strategy that targets millennials is no longer a future concern. It is a present-day prerequisite to obtain top talent. In order to attractively advertise your company to these young professionals, we first need to define them. So, who are Millennials? Millennials are a cohort that range from ages 23-38. In 2017, Pew Research Center found that 56 million Millennials were either working or actively seeking employment, surpassing Gen-Xers....

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The Critical Importance of Effective Cybersecurity in Your Business

Updated 7/30/2019. Cybersecurity does not offer a return on investment — unless you count stable client relations, peace of mind, insurance against the financial, and public relations disaster that can result from digital criminal activity. In other words, cybersecurity is something that your business will hardly notice if it’s functioning well, and deeply regret if it goes wrong. Harmful effects from data breaches Data breach can be a crisis for your business in a number...

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Preparing Your Business for an ERP Implementation

There are few administrative initiatives that might prove more challenging to more of your employees in more departments than the launch or changeover of an ERP system. Don’t get me wrong — in time you’ll all feel that it’s totally worth it in terms of enhanced productivity and accuracy. It’s just that you’ll all work up a sweat getting there. In an earlier blog post I described your Enterprise Resource Planning system as being the brain center of your company. So an ERP implementation...

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Is It Time to Upgrade Your ERP Software?

By David Singletary Updated 7/29/2019. We all know about the rapid pace of technology and the headaches it can cause your company. It can be more than merely annoying. It can also be costly and time-consuming. You’re constantly upgrading your tech hardware or software — or fielding complaints from employees if you don’t. Your ERP solution is the brain center of your company. Depending on your line of business, it’s likely to impact your accounting, HR, sales, inventory and...

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Breaking the Accountant Stereotype

By Wiss Associate Think of an accountant, and what do you picture? If you follow the common societal stereotype, you may envision someone with a pocket protector and a beige plastic raincoat who goes to bed cuddling his calculator, with no emotion and no social competence. A person who would rather recite the square root of pi than eat pie. Think of an entrepreneur, and you probably picture an entirely different image. Beyond the sheer sophistication of the word “entrepreneur” itself,...

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Property Management Software is for Everyone

By Wiss Associate Did you know the real estate industry is a $15 trillion industry and small to medium sized companies still command roughly 50% of the total real estate market in the United States? This concept has drastically transformed with the rise of Cloud computing and the price of entry–which is much lower than you think. Companies such as Appfolio, Propertyware, RealPage and Total Management are paving the way with complete property management, accounting, tenant portal,...

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The Cadillac of Technology: Yardi Aids Companies Both Big and Small

By Wiss Associate When it comes to real estate investment and property management software, Yardi Technology is the Cadillac of products on the market. Few can compete with Yardi’s scope of offerings, from commercial real estate and construction management to residential rentals and investment partnerships. And while Yardi is one of the longest-standing companies of its kind, it’s also an innovator: It was one of the first such software brands to offer a total cloud-based product. Yardi...

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The Maturing Cybersecurity Dangers in Commercial Real Estate

By Alexander J. Narcise and Robert Risk The real estate world has become increasingly exposed to cyber-attacks given the increase in the amount of multi-family properties that have been developed over the last few years. Developers who were never before in the multi-family market are now collecting personal data from thousands of individuals. Even commercial properties possess very private tenant financial information that could cause harm if penetrated, and regular insurance alone...

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Moving Your Business to the Cloud: Increase Flexibility, Savings and Security

By Jessica Manas By now you’ve heard about the cloud — that invisible vault that allows you to store data on the internet instead of keeping it on hardware devices. And you likely already use the cloud – whether you realize it or not. If you’ve ever scheduled a meeting on your laptop and it then popped up on your smartphone calendar, or if you’ve ever been relieved to find that your photos still exist after you’ve dropped your iPhone, you have the cloud to thank. Businesses can also...

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How to Assess and Resolve Business Process Issues

By Paul Ursich Updated 7/30/2019. As companies grow, they often fail to focus on the technology or resources required to maintain their edge in the marketplace. This can lead to a breakdown in business process optimization, hinder productivity and impact morale. Take, for example, a construction company that approached Wiss after experiencing 300 percent growth over a five-year period. While sales had tripled, the size of the accounting department and the technology used to run...

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Key Steps to Take When Adopting New Accounting Software

By Paul Ursich Accounting software has certainly changed the way industries function. These systems eliminate numerous manual components of financial organizations while offering businesses countless ways of analyzing and improving corporate performance. Hence, when a myriad of software solutions are at your fingertips, how can you capture the greatest dynamic structure for your business? Execute the following actions necessary to acquire the desired and worthwhile results: Strategize Grasping...

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The Technological Evolution of the Accounting Profession

By Bob Risk Towards the culmination of the twentieth century as the advancement of technologies intensified, accounting organizations across the corporate province eyed a distinct change in their routine activities and interactions with clients. Attributable to these transformations, CPAs are urged to acquire the latest innovative proficiencies, freshly blended into the daily operations of each accounting specialist. Bookkeeping, the respected dialect of the business realm, continues...

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Y2K15 Technology Assessment

By Paul Ursich  Remember what you went through in the late 1990s as you frantically sought to assure yourself and others that your computer systems would survive the turnover to the year 2000? Fifteen years later, this is a good time to review your technology and infrastructure haves, have-nots and should-haves. But this time around, you don’t have to be frantic. Take your time in 2015 to assess your needs and determine how to invest to meet the demands and embrace the exciting...

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Transitioning to the Cloud

By Wiss Associate What if you lost your company’s computers, servers and phone system? The culprit could be hackers, natural disaster or technology breakdown, but the end result is the same: You lose nearly everything of importance to your business for an unspecified length of time. Your business is at a standstill until you hire an army of IT specialists to get you up and running again. They’ll get right to it — or at least as soon as they can fit your company into their busy schedule. Because...

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Seven Critical Steps to Upgrading your Accounting Software

By Robert Risk  Corporate accounting software generally lasts about 10 years before users get bogged down with a system that’s out of touch with current needs. Perhaps your people use Excel spreadsheets for processes that should be easily automated. Or the company has grown to where your existing software can’t keep pace. Or — worst of all — you can no longer trust the numbers on your reports. As you look for a cost-effective system that will serve your needs now and into the future,...

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Welcome to Silicon Alley

Tech start-ups meet funding in the Big Apple By Ryan S. Silva, CPA, CFE, CVA  Start-up technology entrepreneurs and investors need to take a close look at New York City’s Silicon Alley, if they haven’t already. There’s a reason the name is so similar to Silicon Valley on the opposite coast. Both are geographic centers of tech innovation, but in addition to the young brainpower in early-stage technology development, this tech hub is as much about access to the nearby capital markets. It’s...

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Six Ways to Tell if Your Company is Ready for Series A Funding

By Ryan Silva It’s an exciting — and nerve-wracking — time as your young company prepares to draw investor interest in Series A funding. It’s most likely your company’s first in-depth contact with the venture capital world, but how do you know your business is ready to take such a step? Here are some things to consider:  You’ve put out feelers. VC firms don’t just show up on your doorstep when you need them most. Start your meet and greets long before your company is ready for that...

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Make the Numbers Add Up

How to ensure successful implementation of new accounting software By Robert Risk  At some point, nearly every company will start thinking about upgrading its accounting system when the pain points become difficult to dismiss. Here are a few things to think about before making a complex, long-term decision that affects your entire enterprise. Know when it’s time. Frantic energy — a lot of it — can be one of the first signs that your accounting software system is overdue for an upgrade....

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