Things to Consider During Year-End Tax Planning
Among other things, CPAs are ambassadors of sensitive information. Advances in technology and mobile applications have increased the need for improved security and privacy. CPAs have enough to worry about with tax law changes, auditing standards, regulations, and compliance. File-bound offices can turn everyday compliance and security issues into nightmares. Well-integrated Document Management solutions are a value-add to any CPA’s practice.
“Firms definitely need to be in that space, if they’re not already.” – IT Expert Byron Patrick, CPA/CITP regarding Document Management (source: AICPA Insights)
Ways CTI Can Improve Your Data Security:
- Information Classification
- Tech Solutions and Training
- Cloud Solutions
- Workflow Management
- Document Management
CTI is a leader in financial process automation, with our powerful partnerships and cutting-edge technology. Whether you’re an independent CPA, a tax services or accounting firm, or an accounting department within a company, CTI can dramatically improve your processes, security and compliance. Listed below are just some of the ways we can transform Accounts Payable departments.
Benefits of Accounts Payable Workflow Automation:
- Streamline PO Requisition
- Eliminate Paper Invoices
- Automate Invoice Processing
- Connect ERP Systems
- Accelerate Payments
CTI takes invoice virtualization to the next level in order to enable companies to maximize control, scalability, and efficiency with highly customizable invoice routing, matching, and automated invoice processing solutions. Through our partnership with Corcentric, a leading provider of accounts payable workflow automation solutions, we are able to eliminate the risk of Accounts Payable outsourcing with a configurable, cloud-architected Software as a Service (SaaS) model that incorporates advanced imaging technology, AP workflow automation software built on best practices, simple supplier connections, and seamless ERP integration.
By implementing a comprehensive invoice automation software solution, companies can increase control over the entire payables process from invoice receipt and approver responsiveness to processor productivity and payment. CTI, in partnership with Corcentric, delivers the benefits of adaptable invoice approval routing and automated three-way invoice matching, while eliminating the hassle of managing paper-based invoices.
“Account reconciliation is an underappreciated yet critical control to help ensure an organization’s financial integrity. Weaknesses and inefficiencies in the reconciliation process often lead to mistakes on the balance sheet and overall inaccuracies in the financial close. Since the enactment of Sarbanes Oxley (SOX) in 2002 and other rules and regulations that have followed, ensuring the accuracy of account reconciliations has become increasingly important.” Source: Best Practices for the Account Reconciliation Process by Terri Eyden, accountingweb.com – Quote: Susan Parcells, CPA