What technological changes have the greatest impact?

During the last few years technological changes have taken place that make the current accountancy model begin to migrate to schemes that take more into account the needs of the entrepreneur - and with the availability of cheap and good Internet in Colombia, this migration is Has also accelerated in our country. In a recent survey by the World Association of Accountants (IFAC) the following phenomena marked the most relevant trends:

• Mastery of ERPs: The use of comprehensive ERP management systems in many companies has allowed information to be processed online and automatically. In these tools, the customer generates, for example, a sale / invoice, and the system automatically performs the corresponding accounting entry, without the need for counter intervention. Previously, because of their cost, these solutions were for the exclusive use of large corporations (for example, those who could acquire SAP). However, technological developments have allowed the prices of a comprehensive business management software to fall radically and now are available to many, including small entrepreneurs or entrepreneurs who just set up their company.
• The Cloud: The Internet changed the world, and the way we do accounting is no exception! Being able to view the financial and accounting information of a business from anywhere and at any time makes people see a model inappropriate in which information is only available when the accountant finishes processing it. In addition, software solutions in the Cloud are more economical so they allow the profitability of business to increase, including especially that accountants derive from their own business. Likewise, it is thanks to the Cloud that the solutions type ERP (previous numeral) are basified. Today in Colombia it is possible to have a powerful ERP (which includes all the functionality of an accounting software, plus inventory software, billing software and management reports) for a subscription that starts at $ 60,000 per month (plus or minus USD $ 20).
• Mobility: The ease of communication and being connected from anywhere changed the business. Today an accountant can connect with any client from anywhere, and the same expects an entrepreneur from his accounting and tax advisors. A mixture of the Cloud and Mobility, make keeping accounting under the current model is being highly questioned by companies today.