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Accounting Today

The risks of remote, and other tech stories you may have missed

By April 6, 2023No Comments

(This column originally appeared in Accounting Today)

The risks of remote work, the top SaaS providers, the best password managers and seven other developments that happened in technology this past month and how they’ll impact your clients and your firm.

1. Remote work causes breaches at two-thirds of orgs

Why this is important for your firm and your clients: As malware attacks increase, it’s critical that businesses hire IT firms to provide training, added security software and regularly monitoring of home workers’ routers and device setups to maximize security. Taking more aggressive measures such as multifactor authentication is one of the solutions experts also recommend. This is an investment you need to make this year.

2. The most popular SaaS providers for small biz

Why this is important for your firm and your clients: No surprises here. Top of the list is Intuit, the provider of QuickBooks. Website builder Wix is the tenth most popular. Adobe and Google’s GSuite were Nos. 2 and 3, respectively. I’m betting you and your clients use half of these.

3. The top 5 best password managers

Why this is important for your firm and your clients: Every business — and every individual — should be using a password manager. The biggest benefit is you can use complex passwords on important sites like banking and ecommerce platforms and then save and retrieve them from the password manager. Good managers will also evaluate the effectiveness of your passwords.

4. OpenAI releases GPT-4

Why this is important for your firm and your clients: If you haven’t tried ChatGPT you need to give it a whirl. There’s a free version on OpenAI’s website. Once you see how it works, also check out this piece which lists 27 ways you can use ChatGPT in your business right now. I’ll probably need to update that column. Why? Because GPT-4 improves the tool’s capability and adds more functionality, including the ability to interpret images and text. (An example according to the New York Times: It can also answer questions about an image. If given a photograph of the inside of a fridge, it can suggest a few meals to make from what’s on hand). More big things are on the way.

5. People are more freaked out by AI than excited

Why this is important for your firm and your clients: AI is going to need a good PR campaign. People get scared when the media reports on how these robots will replace humans and rule the world. Although there’s reason to be cautious, AI — if managed well — can have an enormously positive impact on our way of life. New technology has always replaced the work of humans, but humans always seem to find other stuff to do. I wouldn’t worry about jobs. Embrace these tools that can make the world — and your business — a better place.

6. Google Workspace ups price 20%

Why this is important for your firm and your clients: My advice is to bite the bullet and switch to the company’s new annual plan. You’re probably already committed so you might as well avoid the price increase, for now.

7. A warning on earned wage access products

Why this is important for your firm and your clients: Earned wage technologies allow workers to take loans on their earnings before they get their paycheck, and given how many people in this country live paycheck to paycheck, these platforms can be a big financial help. But these products can also dig an employee into an even bigger hole. Before bringing a platform like this into your business you may want to consider the consequences.

8. Closed captions in PowerPoint Live

Why this is important for your firm and your clients: The tool allows an individual to use the feature that will only appear at the bottom of a slide presentation on their screen without disrupting other meeting members. As someone who routinely uses closed captioning when watching Netflix, this is a feature I can see using a lot in my meetings, particularly if a person with a Liverpool accent is presenting!

9. ThinkPad and IdeaPad laptops get a facelift

Why this is important for your firm and your clients: I’m writing this piece on a Lenovo laptop right now, which I’ve used daily for about five years and it’s been reliable. However, I’m due for an upgrade so maybe I’m doing that come May.

10. IKEA’s using drones for inventory

Why this is important for your firm and your clients: “Introducing drones and other advanced tools — such as, for example, robots for picking up goods — is a genuine win-win for everybody,” Tolga Öncu, head of retail at Ingka Group, said about the technology that has developed in partnership with Verity, a company that specializes in warehouse drone systems. He’s right and I’m seeing more of my smaller and midsized clients using drones to check safety and help with cycle counts.

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