In conjunction with ACT – the Tax Technology Association, we recently hosted a webinar to discuss the new disclosure requirements under FASB Topic 832 and how to prepare from a technology standpoint. While many have forgotten about this ASU (accounting standards update) due to tax reform and other accounting standards affecting tax, it’s set to be finalized by June 30, 2018.
When it comes to blockchain technology, a majority of people understand it has something to do with Bitcoin (BTC) and that’s about it. While it’s true that the popular cryptocurrency relies on blockchain, BTC represents a relatively insignificant portion of the blockchain market share. The implications of blockchain adaptation are far-reaching, with the potential to not just disrupt, but foundationally change the way most industries operate.
The site selection process is one of the most significant aspects of opening a new facility or corporate location. When companies are deciding where to site a new location, factors such as labor, real estate, demographics, proximity to market, taxation, state & local regulations and many other factors must be considered.
In a digital era where software is eating the world, the vast majority of public companies are struggling to stay current when it comes to deploying new technologies in their tax and finance departments. It’s true that one of the primary duties of the chief financial officer is to de-risk the enterprise, but at what cost when they are losing competitive advantage due to slow adoption of new technology?
We’ll be attending this year’s 2017 Financial Executives International’s 36th Annual Current Financial Reporting Issues Conference in New York City on Nov. 13-14. As our first sponsorship of an FEI conference, we’re really looking forward to engaging with all the attendees and showcasing our new technology that just won us accolades as a top 100 most innovative RegTech company in the world.
An old, veteran salesman used to tell me stories about the good ol’ days of enterprise technology sales from back in the late 1970’s.
He spoke of the fierce competition that existed between his company and a few others–all of which would one day become multi-billion dollar global giants. He described how in those days, before computers were commonly used in the workplace, everyone used to track their sales prospects data on paper or on white boards.