Blog

Digi-Blog-9: At PS, we recognize that staying competitive requires more than just traditional accounting practices – both for us and our clients. According to a paper in the Review of Economics and Finance,  the digital transformation of accounting is not just a trend but a necessity for businesses aiming to enhance efficiency, accuracy, and strategic decision-making. This article explores the five key vectors of digital transformation in accounting and highlights the importance of selecting an accounting outsourcing service provider that is committed to digital accounting.

Imagine a situation where a promising company acquisition quickly turns into a nightmare. For example, an investor who purchased a company believed they were acquiring a stable, profitable business based on solid financial foundations – but it was soon discovered that the accounting records had been manipulated to conceal significant tax arrears and insolvent partners. To avoid such situations, financial due diligence and tax due diligence should be applied – tools that reveal the true nature of companies.

PS Digi-Blog 8 – Human aspect challenges: How to turn challenges into opportunities… Change is the only constant in life—so why do we find it so hard to accept? Many of us hope that change will happen smoothly, almost unnoticed, as if nothing really shifts. Yet, true growth begins outside our comfort zones. This article shows how adaptability isn’t just a skill—it’s a mindset…

PS Digi-Blog 7 — In the complex and fast-paced journey of digital transformation, having the executives on your side isn’t just helpful; it’s essential. Imagine trying to drive a car without a steering wheel—that’s what trying to implement digital changes without executive support might feel like. The commitment from those at the top greatly increases the chance of everyone cooperating, and provides both the resources and the strategic oversight needed to navigate through the digital age

Processing accounts payable (AP) invoices can feel like an Olympic event for many finance teams, whether it’s an internal accounting team or an outsourcing partner.

PS In-Voice podcast series: In this episode, two PS experts discuss touchless accounting and its practical applications. They introduce the PS APPS integrated system, which enables the automation of AP processing, minimizing the need for human intervention.