With sweeping changes across regulations, compliance requirements, and risk maintenance, law firms and legal departments are increasingly facing operational pressures to broaden capabilities while efficiently managing their budgets. Never has the need for smarter, intelligent operations been felt more acutely than now. The writing on the wall is clear – your firm ought to be
Common Mistakes to Avoid While Working With Virtual Accounting Assistants
Who is a Virtual Accounting Assistant?
A virtual accounting assistant is a person who provides accounting and bookkeeping services remotely, using technology such as email, cloud-based accounting software, and other communication tools. Unlike AI, which relies on programming and algorithms to automate tasks, a virtual accounting assistant is a human being who has accounting and
Insurers’ Priorities to Overcome ‘New-World’ Challenges
Top challenges facing the insurance industry
The 2022/2023 Annual Insurance Review by the international law firm, RPC, lists climate-change triggered natural disasters, ESG responsibilities, and cyber risks will be the top concerns that the global insurance industry will face in 2023. These will be over and above the risks arising from the new-age normal, viz,
Ways Accounting Firms Can Retain Clients Successfully
Good customer relationship is basic to a business
Customer relationship is a function of value delivered vis-à-vis investments made. It includes quality delivered, trust generated and the convenience guaranteed. For accounting firms and CPAs, it also entails ensuring that client’s business models are streamlined and transformed to ensure continuity despite disruptions, and to ensure future
The Future of Legal Practice: How Technology is Changing the Game [Infographic]
The legal industry is being transformed using technology, from artificial intelligence and automation to blockchain and big data analytics. According to the 2022 “Future Ready Lawyer” survey by Wolters Kluwer Legal & Regulatory, 88% of U.S. lawyers said that the complexity of information is driving a greater reliance on technology.
There are many legal software
Why Retail Businesses Fail: Tips to Survive and Thrive
World over, the retail industry is in a state of flux. Hyper e-commerce activity triggered by the COVID-19 pandemic along with supply-chain imbalances brought about by global geo-political uncertainties have put undue pressure on retail businesses. As a result, many have shut shop, while many others are continuously struggling to stay afloat.
What spells doom
Balancing Workload and Budget: The Benefits of Outsourced Paralegals
What does the data say?
According to the Legal Process Outsourcing (LPO): Global Strategic Business Report by Research and Markets, “In the changed post COVID-19 business landscape, the global market for Legal Process Outsourcing (LPO) estimated at US$10.8 Billion in the year 2020, is projected to reach a revised size of US$91.1 Billion by
Common Mistakes Tax Preparers Make and How to Avoid Them
Tax season is stressful for many individuals and businesses, and finding a qualified tax preparer can make the process smoother. However, not all tax preparers are created equal, and even the most experienced professionals can make mistakes. These errors can range from minor oversights to major mistakes that could result in financial penalties or legal
Cogneesol Provides Support in Improving CX for Insurers
AI-driven World of Today and Tomorrow
With Artificial Intelligence (AI) making fast and drastic inroads into the hitherto realms of what humans had only imagined, every aspect of our day-to-day life are undergoing massive tectonic changes. This includes business landscapes. Accelerated by the Covid 19 pandemic, the adoption of AI and digital technologies across businesses
How can Accountant help a Restaurant with Financial Success?
The restaurant business has always been the fastest-growing, provided they do it right. Operating a restaurant is no easy job, especially now that the world is dealing with the COVID outbreak and global economic crises. The restaurant business is more than just the food served and the ambiance. It also takes a long charge for