Technology is essential for the success of virtually all accounting firms and other organizations that employ CPAs. From in-house hardware and software to the anywhere, anytime connectivity made possible by mobile devices and cloud computing, accounting firms and other organizations must stay up to date on technology to keep from falling hopelessly behind in a rapidly changing business environment. To keep pace, CPAs and their employers must make decisions on which technologies to buy, replace, and upgrade.
How do you know if you are spending enough – or effectively enough – on technology? How do you determine what kind of return on investment your technology investments produce? How long will it take for your technology investment to pay off? To help CPAs answer those questions, we are proud to introduce the Journal of Accountancy Tech Success Tracker, a tool for CPAs developed in conjunction with the AICPA”s Private Companies Practice Section and Information Management and Technology Assurance Section.
The Tech Success Tracker aims to provide accountants with a more complete picture of the role technology plays in their organization/firm, the value (return on investment) that IT can provide to the organization/firm, and considerations for maximizing the realization of value from IT-related projects. The tool is designed to guide you through the process of preparing for and tracking technology projects. The metrics the tool recommends tracking will help you assess the efficacy of your technology projects. In addition, as more firms enter their information, the tool will provide you with aggregated data allowing you to benchmark your metrics with those of your peers. Our goal is that this information will help you identify the critical success factors for technology deployment and adoption.
Don’t miss your chance to bolster your technology efforts. Try out the Tech Success Tracker at aicpatechsuccess.com. Take advantage of a free service that could help you maximize the return on your technology spending.
Please note: This is a separate website from the AICPA website and you will be asked to establish a separate username and password to take advantage of the free service. You will need to use it to log in separately on their website.