According to Statista, the cloud technology market is projected to expand to $138 billion US dollars by 2025, compared to the $31 billion US dollars expected for traditional accounting. The stats are unsurprising as businesses worldwide increasingly adopt cloud accounting due to its many benefits over traditional accounting. This blog post aims to identify the

Cloud Accounting in 2024: Rising Technologies for Financial Management Cloud accounting has been at the forefront of accounting conversations since the pandemic. With work-from-home and remote work increasingly popular, business interest and investment in cloud accounting have risen dramatically. Cloud accounting has seen major growth, with AI integration and sophisticated automation technology trailblazing a financial

Offshoring vs. Outsourcing Explained: Major Differences and Key Benefits The debate of offshoring vs outsourcing might seem redundant to the average business owner. However, these two distinct processes are often conflated with one another despite not being the same. The main reason for this misunderstanding is that a lot of outsourcing is done through offshore

AI in business analysis is evolving.  In 2024, it shattered the foundations on which many modern business functions were built. We are currently in an age of change, where everything is experimental. Business analysis lies at the core of this rebuilding effort. Every action a business takes today must be considerate of AI.  Business analysis

Accounting trends are reshaping the financial landscape in 2024. Accounting has always been a sore topic for business owners, eliciting groans and sighs as they get the ledgers out. In 2024, however, things have begun to change dramatically. Technology and processes in the accounting space have entered a golden age of progress in 2024. After

Hiring the right outsourcing type for your business tasks is decisive for driving sustainable business growth and gaining financial freedom. Amidst reports of Apple exploring the possibility of outsourcing AI models to Google, it prompts reflection on whether outsourcing could similarly enhance your company’s operations, and which among the leading outsourcing types would be most

Benefits of EDI Implementation In this blog post, we delve into the myriad benefits offered by the implementation of Electronic Data Interchange (EDI). Within the realm of client management,  there are  varying degrees of manual and automated processes followed by companies as follows: 1. Completely manual Enter order information manually 2. Partially automated Receive EDIs