Technology is constantly changing. If you aren’t on top of it, you or your business might be at a disadvantage of being outdated. As a business owner, understanding the new tech trends to adapt and deliver is key to maintaining a successful business. In today’s blog, we’ll review the top tech trends to be aware of in 2021. 

2021 Tech Trends

Remote Onboarding

The COVID-19 pandemic forced many businesses to work from home and made the hiring process nearly impossible to do in person. To adapt, companies learned how to make the shift to virtual onboarding – one of the tech trends that was on the rise even before the pandemic. One aspect most companies can agree on is that it is challenging for employers to successfully make the switch to virtual onboarding. 

“Hiring and onboarding new employees completely virtual is a new concept for most employers. A lot of companies are trying to figure it out,” said Sally Stetson, co-founder and principal at Salveson Stetson Group, an executive search firm in the Philadelphia area. 

Getting virtual onboarding right is more important now than ever before. Virtual onboarding broadens the potential for different candidates and allows for more diversity in candidates that can apply. But, with virtual onboarding, there are a few more steps to the hiring process that you should be aware of. Since they won’t be able to be in the office, it’s important to get them up to speed with the company culture and the other employees of the company. Here’s a quick list of things to remember when going through the virtual onboarding process:

  • Schedule touch-base calls after their first week, month and quarter. 
  • Arrange a training with your IT department.
  • Set up meetings with their team members and other key employees.
  • Prompt hiring managers to set goals and expectations.
  • And MORE

Set your company up for successful, remote onboarding by using one of these resources off the Salesforce AppExchange:

 

Data Analytics

Data analytics is the process of analyzing raw data in order to find patterns and make conclusions about that information. Businesses are requiring more actionable data to make the most profitable decisions faster than ever. Analytics is becoming more prominent and by using modern IT, financial teams can deliver powerful analytics faster than ever. With the new and improved data analytics, accountants can monitor their clients’ investments, detect financial discrepancies, monitor transactional behavior, and improve policy cohesion. 

 

Accounting Automation and Cloud IT

Cloud accounting isn’t a tech trend that should come as a surprise to most businesses. Over the last year with the COVID-19 pandemic hitting the entire world, companies were finding it harder than ever to operate their businesses while all from home. For companies that made the switch, their financial life cycle continued efficiently and they had access to vital data needed to adapt to the economic changes forced by COVID-19. Cloud accounting gives the entire accounting department instant access to accounting data which will increase efficiency and save valuable time for your accountants.  Your cloud accounting is also enhanced through automation. 

Automation is constantly improving, year by year. Since December 2020, a survey found that 45% of executives have concurred that the influence of accounting has grown. 19% of these leaders described this increased influence as ‘substantially’ impactful. Just because staff work remotely, accounting actions and data can be completed and reviewed automatically without the need for in-person interference or even discussion. This financial data is critical for making the best decisions for organizational success. Accounting automation also allows accounting firms to experience a new efficiency level and enhance their organizational output greatly. 

 

Upgrade your Accounting Tech in 2021

Accounting Seed is fully native to the Salesforce platform making it a full cloud accounting solution. Access your data anywhere, anytime, and on any device – it’s that easy! We also use automation, putting time back in your employees’ hands allowing them to focus on more pressing issues and taking the manual work away. Our flexible and customizable dashboards make it easy to view data and find trends in them.

A native Salesforce accounting platform, Accounting Seed, provides a full 360-degree view of your business’ performance to help you and your accounting team make the best decisions possible. Not on Salesforce? Our software can be customized to work with any system you have through a reliable connection.

Schedule a free demo today to explore how Accounting Seed helps you manage finances your way.

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