Improve Your Work Flow: Automate

By Ronald D. Kranzler, CPA, and Stephen Barrett, CPA, CITP
April 20, 2006
DOWNLOAD THIS ARTICLE

What is next on the horizon?
Recognizing the substantial improvements automation has afforded in the financial statement report processing area, the authors consider automation options to be limitless. In addition to automated financial statements, intelligent compliance forms have already been developed. These programmed forms are able to determine which questions on the form are irrelevant (based on the answers to previous questions) in addition to informing the user or reviewer if the form is incomplete, amongst other bells and whistles.

Automation has clearly proven to have significant potential for transforming the way accountants have traditionally conducted their business. Improvements in technology continue to help find ways of increasing efficiency by “minimizing human labor” when it comes to accomplishing those ever-present tedious and redundant tasks. Automation should revolutionize the future of accounting.

Ron Kranzler, CPA, is managing partner of Held, Kranzler, McCosker & Pulice, LLP (HKMP). His primary areas of expertise are taxation, bankruptcy, forensic accounting, and IT consulting services. Joining HKMP as a partner, he brought to the firm his technical skills and a commitment to providing personalized service to each and every client. Since becoming managing partner in 1985, he has been instrumental in contributing to the firm’s growth through his emphasis on quality and customized service.

PreviousNext