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.”
William Bible, Deloitte partner , presented “Blockchain Technology – Disrupting the World of Accounting&rdquo
Greetings from the IMA Technology Solutions & Practices (TS&P) Committee and welcome to your new online Technology Community at the IMA!
Part of the reason for this transformation is technology. Not only are CFOs needing to be masters of their traditional craft - management accounting - they are also needing to become masters of technology
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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
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
This is a low cost/high return technology to detect/deflect attackers