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Technological innovation and the modern business landscape are now inextricably linked. In this article, we consider some of the key trends relevant to the worlds of accountancy and finance.
CLOUD TECHNOLOGY
Businesses rely on computers to survive. In most businesses, there will be various devices performing a variety of tasks often based on software loaded directly onto a computer. Managing computer environments has always been challenging but one way of addressing key concerns - particularly around security and update concerns - is to use cloud-based solutions. "Cloud-based solutions are delivered over the internet from the supplier's computer environment," according Brian Hanrahan, CCO at Nuapay.
"This approach has historically had its difficulties in terms of lack of reliable access to the internet, data communication speeds and general security concerns.These issues have now been addressed as we now have good internet access almost everywhere, along with high levels of security.'Today, most applications required by a business can be provided via a cloud-based environment from word processing through to accounts, banking and payment functionality such as that provided by Nuapay.
PEER-TO-PEER LENDING
A number of online marketplace lenders now offer platforms that match...