Business benefits of international accounting outsourcing
The benefits of international accounting and outsourcing ‒ Why should corporate decision-makers keep an eye on this trend?
Companies are increasingly using external service providers to manage their accounting and financial processes. According to the Everest Group, the BPO market is growing continuously, with demand for financial and accounting outsourcing increasing by 20% in the last 5 years.
PS COOL – A new era of smart accounting administration
What is PS COOL? It is a SharePoint-based intelligent platform that manages administrative processes, accounting tasks, and key deadlines and tasks related to tax obligations in a single system
The hidden risks of information security and data protection in accounting and payroll services
In today’s digital landscape, businesses in accounting, bookkeeping, and payroll services face an unprecedented level of information security and data protection risks. The rapid advancement of technology and increasing regulatory requirements place immense pressure on firms to safeguard sensitive financial and personal information. Yet, many organizations remain vulnerable due to outdated security practices, internal threats, and evolving cyberattack methods.
Accounting and payroll outsourcing in the focus of information security
Why should an accounting and payroll service provider closely work with a professional information security service provider? Accounting and payroll service providers, such as us, are facing growing cybersecurity threats that can cause serious financial and reputational damage. Working closely with professional information security providers is essential to ensure continued protection and compliance.
Five Vectors of Digital Transformation in Accounting: A Strategic Move for Modern Businesses
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.
Why is financial and tax due diligence essential before a company acquisition?
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.