Accounting is at a critical moment. Most firms are so used to running their practice in a traditional way but their processes and techniques are quickly becoming outdated. What's going on within the accounting industry isn't a trend, it's a fundamental change in the way the profession operates. This change is fueled entirely by cloud-based or automated SaaS-based technology solutions. This change is so significant that an accounting firm that doesn't take it seriously today will more than likely no longer be around by 2020. Technological changes should be embraced, especially on a scale this large because it will streamline business practices and lead to better results for clients.
Believe it or not, especially within the accounting industry, utilizing the cloud is not the norm. In fact, the majority of accountants haven't migrated to the cloud. According to AccountantsWorld, 57% of accountants still use the desktop version of QuickBooks software to manage their day-to-day bookkeeping. What these accountants don't realize is that their reluctance towards moving to more cloud-based and automated solutions is costing them hundreds, even thousands of unnecessary dollars.
Accountants who embrace the cloud are at a bigger advantage than those who do avoid it entirely. This makes competing against firms who use automated, cloud-based solutions nearly impossible. However, it's not too late for accounting firms who are still using the more traditional techniques to switch and embrace the technological advancement.
The list of benefits accountants and organizations receive by using automated, cloud-based solutions seems never-ending. Most importantly, though, these solutions hello accountants secure, manage and collaborate on their sensitive client data in real-time without having to worry about losing anything.
K2 Compliance eliminates the challenges associated with managing an organization’s vendor relationships.
Each vendor has their own unique record within K2 Compliance. These vendor records contain detailed information such as address, website, industry, specific persons of contact, and other demographics. The versatility of the application allows these data points to vary based on client preference
K2 Compliance removes the restraints of static Word and PDF documents by storing Policies in a dynamic format that creates individual records for each significant component of a policy.
K2 Compliance employs a Business Process Optimization workflow module that applies organization defined processes to activity tickets. Ticket functionality changes depending on the task or scenario that the selected process addresses.
K2 Compliance is an innovative medium that has redefined the management of the risk assessment process. The application acts as a central hub to store, collect and analyze data relative to an organization’s security risks. Let’s take a quick look at the an asset-based risk assessment process managed through K2 Compliance starting with an organization’s hardware.
Yesterday we held our webinar The Next Generation of Transactional Documents. If you couldn't make it to the webinar, you missed out an interesting presentation that explains exactly how the partnership between Etactics and LBSi is guided effort to successfully implement an ERP that allows both parties to enjoy access to XML data from a platform that provides direct integration into Etactics’ document composition and delivery platform, or, as we call it, ADoCS.
Powerful, intuitive, versatile all three of these words encompass what our foundational technology platform, ConnectPlus, provides. This premier innovation platform's purpose is flexibility as it powers a number of our SaaS-based applications that we provide to more than 1,000 of our current customers.
We continue part 2 of our interview series with Intravires Health Compliance Consultants. During this part of the interview, we shifted gears towards the policy review process, continuous improvement, and Bill Belichick.
Introducing our newest series of educational video content, Webinar Tidbits. Instead of having to sit through and watch hundreds of hours of our past webinars, we will do the hard work for you and release these short videos that summarize the highlights of each of our past webinar.
As a healthcare provider, one of the most frustrating facets of working within the industry is inevitably facing denied insurance claims. Whether it happens due to expired insurance, or your employees entering the information incorrectly, it's something that all healthcare providers have to pay particular attention to. If these denied claims are not managed properly, healthcare providers could lose thousands of revenue dollars.
If you've ever dealt within the policy management space, you quickly learn how complex it can become. There are many factors to evaluate including; establishing a guiding policy, appointing the proper policy team and coordinator, adopting a charter, and setting expectations and achievable goals.
We sat down with the legal professionals from IntraVires Healthcare Compliance Consultants to help give organization's a better idea on how to get their policy management process off the ground and keep it running as steadily as possible.