- Business IntelligenceHaving Business Intelligence solution helps in preparing reports for monthly executive committee meetings and partner meetings, otherwise the finance team was spending days pulling data from various sources. Executive dashboard such as revenue, realization, staff utilization, effective rate per hour, and accounts receivable aging.Also Business Intelligence helps benchmark business clients, use financial analysis reports to bolster consulting opportunities, and keep up with audit and review standards.Storage Closets in the CloudThe latest trend with accounting applications is Web hosting off-site. Instead of installing a program onto your computer and saving data there, the program resides on a server in a different location; the saved information is accessed via the Internet. That's also called "working in the cloud." Businesses can save money in software and hardware purchases by signing up with a cloud provider and using its programs and space for saving data, meaning there is no need to get a bigger hard-drive or worry about program versions. The other advantage of the cloud is that you have access to your information anywhere you may be.
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5 Aug 2014
Latest Technology in Accounting
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