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How predictive modeling can help accounting firms

ThomsonReuters

Highlights: Data analytics types : Useful data for predictive modeling includes historical financial data, operational data, customer data, market and economic data, and non-financial performance metrics. What makes it an attractive model for marketing?

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Improve financial reports with visual business data

ThomsonReuters

Tax and accounting firms know that visual storytelling and infographics are an effective way of communicating a company’s message, values, and performance. How is visual storytelling changing the way accounting firms communicate financial data? Think about it – individuals are far more likely to read (and share!)

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Leveraging AI for a path to accounting partnership

ThomsonReuters

Embracing a more consultative mindset, as well as leveraging the most current accounting tech solutions , is essential for those aiming to distinguish themselves and advance their careers in modern accounting firms.

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Leveraging AI to address challenges in staffing accountants

ThomsonReuters

From a shrinking labor pool to ever-changing tax regulations to increased client demands, many accounting firms are dealing with high turnover and burnout amongst their staff members. The dawn of AI has the potential to revolutionize the tax and accounting profession by enhancing efficiency, accuracy, and insights.

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Still on the fence about remote audit? Here’s a business case.

ThomsonReuters

Let’s take a look at how today’s accounting firms can use technology to their advantage and maximize remote audit work business capabilities. With remote capabilities, audit firms can take advantage of business opportunities in new markets or geographic locations where they might not have a physical office.

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How midsize tax and accounting firms can use AI

ThomsonReuters

The 2024 Tax Firm Technology Report by Thomson Reuters Institute highlights a pivotal moment for midsize tax and accounting firms. Understanding the AI opportunity for midsize firms AI is transforming industries by automating routine tasks, providing deep insights, and enhancing decision-making processes.