Posted by Ed Jennings on Wed, Sep 01, 2010
Industry expert Greg Lafollette recently took to his blog, TheTechGap.com to talk about one of my favorite topics—scan-and-populate tax document automation technology.
This technology has gained tons of traction over the last few years, with major suite vendors—CCH, Thomson Reuters, and now Intuit—entering into the category by releasing products that automatically import data from scanned tax documents into their respective tax software packages.
Greg is quick to note that the “best of breed” product, Copanion’s GruntWorx, is far superior to the in-suite products from the Big Three. He says:
“The market leader is Copanion’s GruntWorx which is now marketed by the AICPA’s CPA2Biz affiliate. They were formed in 2006 and now offer a very full and rich stable of capabilities including a newly released “gather” function and direct populate functionality to GoSystem Tax RS, UltraTax, and ProSystem Fx Tax. This is great news for UltraTax and ProSystem Fx users as the GruntWorx service is most definitely superior to the “in suite” products offered by Thomson Reuters and CCH. “
Clearly he’s on to something! Check out the article: Scan & Populate Gains Traction – now on A and A side, too!
Posted by Ed Jennings on Thu, Aug 12, 2010
When speaking about our paperless tax workflow solution, we often ask tax practitioners to describe their “typical” return. They laugh and say there is no such thing as a “typical” return—all clients come with their own, unique circumstances. They then go on to describe clients that are day traders, others who live off of retirement income, small business owners with extensive Schedule C information…the list goes on. When I read the article on CPATrendlines, “
The 24 Personalities of Individual Tax Returns (and the Clients behind Them),” I knew they were right on the money. It’s a funny and accurate read—I recommend you check it out for a laugh.
Posted by Ed Jennings on Thu, Feb 18, 2010
In this article, L. Gary Boomer, CPA, discusses the importance of technology for improving performance and meeting client requirements. One of the four areas of technology he evaluates is Process and Workflow, noting that firms that strive to improve processes and utilize digital workflow tools have several advantages over those that still use mostly paper. He also highlights process and workflow technologies that will increase efficiency if a firm changes its processes, trains staff, and ensures compliance.
Click here to read the article