Welcome to our weekly round-up of the latest news and updates from the accounting tech world.
This week, Tech Lowdown features IRIS new GDPR advisor solution, the results of Thomson Reuters’ survey on digital transformation, and updates to Clear Books Micro and a new Pandle app.
IRIS offers new GDPR adviser solution
IRIS has launched IRIS GDPR Advisor, a new service designed to help accountancy practices stay GDPR compliant, avoid legal risks and deal with evolving data protection regulations and cybersecurity issues. To provide the service, IRIS has partnered with data protection experts The Data Support Agency.
The new service is a portal with a dashboard that displays all the necessary actions required to maintain compliance as well as a resource library and secure storage. The portal also stores an audit trail to demonstrate activities in the case of an investigation and provides the possibility to preview compliance implications of new services before developing them.
“There are a continual number of business issues industry professionals need to manage; from changes in legislation, to succession planning and considering the best way to restructure a practice to evolve beyond compliance services,” said Sion Lewis, CEO of IRIS accountancy solutions. “Amid these challenges, managing data protection is easily pushed down priority list; we want to help remove this burden by offering a service to manage ongoing compliance.”
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Updates to Clear Books Micro
Clear Books has released new updates to Clear Books Micro. The solution, which was launched earlier this year, is an online spreadsheet that links to MTD-ready accounting software. Based on user feedback, the spreadsheet now automatically sums columns, eliminating the need to make manual adjustments.
Additionally, users can now sort the information in their preferred order and filter out information from any view, including applying multiple filters at one.
Accountancy firms headed for transformation by 2028
According to research by Thomson Reuters, 96% of the 345 surveyed accountants in practice expect technology to change their role within the next ten years. The research suggests the changes will be mainly prompted by technological advancements such as cloud computing (67%) and real-time data (52%).
Two-thirds of accountants (59%) see tax in real-time as a positive change for the profession. Accountants expect technology to automate key accountancy tasks such as bookkeeping, data collection and tax returns over the coming decade, making diversification of services vital by 2028. Almost all accountants surveyed (96%) agree that new skills and capabilities will need to be integrated into their role.
“Accounting and tax professionals who increase their focus on adopting and becoming proficient with next-generation technologies, while incorporating higher-value advisory services into their mix, will position themselves for a stronger future,” said Charlotte Rushton, president of the Tax Professionals business of Thomson Reuters.
Pandle has rebuilt its app to improve its design and usability. The new app can be downloaded on Google Play and the App Store
The new app will soon include new features to make the bookkeeping tasks easier to complete from their smartphone or tablet, such as Receipt Upload which will make users able to take a picture of their receipts with a smartphone and upload it straight into Pandle.