6December 2021Editor's NoteJeff RodriguezManaging Editoreditor@finanacialtechreview.comEmerging Technologies Changing the Pace of Accounting FirmsIn the times to come, the roads between physical and digital worlds will collide for businesses. A majority of the accountancy and finance firms are already on this evolutionary path. For example, primary transactional accounting services are now mostly being automated, although the adoption has thus far been among a handful of innovative accounting firms. Soon enough, the entire industry would veer toward the same trend.The reason behind it is also quite legitimate. As any accountant can affirm, the slightest fault can cause substantial problems. Thus, capitalizing on machine learning (ML) tools can significantly lessen such issues. For instance, ML tools can help identify patterns in various calculation-based accounting functions. Once these algorithms get reinforced throughout an accounting workflow, any error that produces divergence from the established pattern can be captured before an accountant's calculations move beyond the issue. This capacity to detect inaccuracies right away can have a great knock-on effect on accounting, and can result in more meticulous reporting.Considering all these trends, there is no doubt that the accounting sector is on the fast track of evolution. Standing at the cusp of emerging technologies, there are a wide range of solution providers that are offering the latest technologies best suited for the next generation of accounting needs. In this edition of Financial Services Review, we bring you the story of some of the best-of-breed established and emerging accounting firms that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts and exclusive insights from CIOs and CXOs. We hope this edition will provide you the right assistance in choosing the best accounting firms, according to your requirements. Let us know your thoughts!Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorJeff RodriguezEditorial StaffAaron Pierce Ava Garcia Ashik JainJoshua ParkerVisualizerChris Lynn*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@financialservicesreview.comeditor@financialservicesreview.commarketing@financialservicesreview.com December - 15 - 2021, Vol 02-07Published by ValleyMedia, Inc. To subscribe to Financial Services ReviewVisit www.financialservicesreview.com
< Page 5 | Page 7 >