Then there’s the 60 to 65 percent that use technology to enhance existing practices, but not much more. And the rest—less than 10 percent—are aggressively transforming their firms and diving into technology, and they will thrive.”
Great article on Blockchain technology, cloud shared public ledgers and how it can be used for state, local and federal government to provide new services to the public. Premise: Blockchain technology can be applied using distributed public record technology that can be directed to a wide range of urban applications to assist the public and distribute resources to meet public need using peer-to-peer collaboration. Management accountants can play a role in activating this new technology. The article spotlights an energy startup in Perth, Australia that is doing a trail peer-to-peer technology solution that would allow consumers to offer excess energy, available through their solar panels, on a Blockchain
In December, 2015 International Organization of Securities Commissions (IOSCO) Secretary General David Wright said that BLOCKCHAIN could revolutionize market-data transfers and i n February 2016, International Securities Regulators voted to commit to undertake further study into the impact of blockchain technologies on the global capital markets
To mitigate this risk, 3 rd -party professional technology escrow firms provide escrow services which are typically paid for by the software vendor and which “name” each customer as a party to the escrow agreement
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Great article in Sustainable Brands and the significance of non-financial reporting disclosure by companies and its direct relationship to investor behavior… According to a recent Ernst & Young survey : Investors are increasingly using non-financial performance to draw...
As “Big Data and Data Analytics” technologies become more mainstream with organizations – the finance team is a logical place for this data to be analyzed and reported back to senior management
Federal Computer Week published a great story on Congressman Mick Mulvaney (R-S.C.) confirmation hearings as the next OMB Director of the US Government. Congressman Mulvaney (Tea Party Leader in Congress) stressed the importance of getting accurate and useful data in order to inform his and...
Very interesting CFO Magazine article on the growing crisis of corporate governance, risk breaches and the need for additional technologies to assist companies with the major financial liability issue… "Despite such headlines, “corporate mistakes keep getting worse,” Forrester writes
1 Comment - Firms of all sizes still rely heavily on Excel spreadsheets and other user-developed technology to produce financial reports and cannot show that they have strong management and control over these key pieces in the supply chain of financial reporting
Earlier this week US SEC Commissioner Michael S. Piwowar addressed The 34th Annual Current Financial Reporting Issues Conference in New York, New York, on November 16, 2015. The Republican US SEC Commissioner Mike Piwowar had several remarks regarding Interactive Data /XBRL for public...