Choosing the Right Technology for Your Accounting Team

Filing with the SEC, especially since the advent of XBRL, is an intricate process with plenty of opportunities for error-tagging, extensions, formatting, continuity of data, and EDGARizing, to name a few. Advancements in technology have mitigated some of this risk, and while all companies share the same reporting burden, the methods used to create and deliver reports differ. Each situation is unique, and there are many options. How do you determine which solution is best for you? One thing is certain-make sure you choose a technology provider that has the ability to grow with your business. Use these seven steps as a guide when you're looking for a technology provider that supports accounting teams. Trust your data to only the most secure providers that will help your team reduce error in a high-risk process.