Enterprise applications such as enterprise resource planning (ERP) and customer relationship management (CRM) systems have created overwhelming troves of corporate data. Social media concepts present a new opportunity to disseminate and discuss intelligence gleaned from corporate systems.
The Accounting Blog
Organic farmers can’t use some of the technologies common to conventional agriculture. But through recent technological developments, these farmers can use their understanding of natural processes to optimize yields. The results can make you wonder where to draw the line between technology and nature.
Technology enthusiasts have long praised the cost savings and simplicity of cloud computing. Early adopters have proven successful with the model, which has driven considerable growth in the market for cloud-based applications. But the late majority, including accounting firms, may yet require some convincing. While accounting firms recognize the benefits, many voice hesitations about moving.
When Bob Dylan sang, “The times, they are a changin’,” he probably wasn’t thinking about value-added resellers (VARs). But VARs should pay attention all the same. VARs have traditionally made money selling and servicing on-premises systems, but now cloud computing is poised to rain on their parade. Over the next five to ten years, opportunities to resell software and hardware will dwindle.
To distinguish themselves from countless other applicants after graduation, accounting students should seek out “real world” skills early on. For job seekers in the accounting field, I’ve researched the software systems employers mention most often in their job listings. Have a look to see how your resume stacks up.
Riding the wave of consumers’ growing interest in environmental sustainability, companies are launching major ad campaigns to tout their green credentials. But many of their claims are misleading or downright false. The ads are compelling, but how are we to know who’s telling the truth? Finally, there is software to hold “greenwashers” accountable.
Is “horizontal” accounting software dead? Well, maybe not dead, but these days most organizations are looking for vertical solutions – software designed for their industry. While every company needs accounting software, a surprisingly small number of firms are implementing horizontal (i.e. generic, cross-industry) accounting systems these days.
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