Downtime Is Extremely Expensive – Can You Actually Afford It?

Nathan MaxwellOur Insights

Downtime is bad for business. Whether you agree or not, it’s a fact – just a couple years ago, small businesses with up to 50 million in annual revenue reported that just a single hour of downtime cost them $8,600. Why Does Downtime Cost So Much? The main cost of downtime is not the fix itself, it’s the halt in … Read More

Report: Financial Firms See Alarming 480% Increase In Data Breaches

Nathan MaxwellOur Insights

Financial service firms: beware. Your data is a target. A new report out of the United Kingdom (UK) cannot underscore enough the severity of the issue. But it is nothing new. The FBI has put the alarms on since 2011, from threats of account takeovers to third-party payment processor breaches to securities and market trading exploitation to mobile banking exploitation and … Read More

What Are The SEC’s Guidelines For Public And Private Company Cybersecurity?

Nathan MaxwellOur Insights

Hand-in-hand with an increased reliance on the internet and networked systems comes to an increased risk for cyber-attacks. Whether conducted unintentionally or deliberately, cybersecurity incidents can wreak havoc on a company’s bottom line, bringing a wide range of consequences with the capability to do long-term harm to companies big and small. For this reason, the U.S. Securities & Exchange Commission … Read More

Top 5 Business Challenges Facing Today’s Accounting Firms

Nathan MaxwellOur Insights

Accounting, just like every other profession, is affected by our ever-changing world. The increase in technological advances alone can leave your head spinning.  Though technology endeavors to make work easier for everyone, it requires your full attention to keep up. However, technology is responsible for numerous positive changes in every field or industry. An accounting firm can get a lot … Read More

Technological Challenges Faced by Accounting Firms

Nathan MaxwellOur Insights

Changes in technology come with a variety of challenges. First, there is the need to change and adapt to the new advancements. There are always financial costs associated with this process. The effects of technology are often widespread. Some people are concerned that new products and programs will put them out of work. The new developments in robotics are a … Read More

Need To Refresh Your Accounting Software?

Nathan MaxwellOur Insights

Here’s Some Up-to-Date Info That Should Be of “Interest”! Accounting software is much-needed tool today. Gone are the days of manually writing down copious amounts of figures in heavy, dusty logbooks, or using calculators to add up debits and credits. Our computers do this for us now. Accounting software makes the process of bookkeeping more efficient and accurate. What else … Read More

IT Is Changing – IT Budgeting Is Too.

Nathan MaxwellOur Insights

When was the last time you thought about technology and the role it plays in your business success? Strategic IT Budgeting and planning for the tactical use of technology resources will bolster your business efforts to establish a competitive advantage. Just as you develop and adjust your annual business plans, you should do the same when it comes to IT … Read More