Technology has dramatically transformed nearly every profession, and CPAs are no exception. Remember a mere two decades ago, when accounting and tax firms were largely paper-based?

Like any business, accounting firms need to be agile and adaptable to compete in today’s competitive space. When consumers and business owners have access to unlimited apps and technology that offer nearly instant gratification, the pressure is on for CPAs to keep up.

How are manufacturers responding to the ever-increasing pressure to speed production, increase revenue, and stay competitive in a dynamic industry? Many are investing in advanced digital and fabrication technologies to improve their labor productivity. Yet it’s often the back-end where true company-wide efficiency is created.

Manufacturers in the U.S. take great pride in what they do—for good reason! The U.S. manufacturing industry is the largest in the world, producing 18.2 percent of the world’s goods, and is predicted to increase faster than the general economy in the coming years.  

Despite this positive outlook, our leadership position as the world’s top manufacturing nation is slipping. High operating costs and inefficient business practices are threatening companies that are unable to adapt. Luckily, new technology solutions are constantly emerging that help manufacturers overcome challenges, stay competitive, and drive growth. Perhaps the most outstanding transformations in the manufacturing industry are the result of cloud computing.