IT, tech, computing, computer science – these words and phrases get thrown around an awful lot these days in business; there are people who say you don’t need it, people who can’t live without it, and people who don’t understand it at all.

 

Information technology definitions read like that exam question you skipped over (probably 2 or 3 times) – the use of computers to store, retrieve, transmit and manipulate data and information, often in the context of a business or other enterprise.

 

Although that is the definition which has been passed down from generation to generation (probably only about 40 years!), this can mean very different things to us today.

 

When IT first came on the scene, every business/enterprise had an “IT guy” – we still have them today (shout-out to Corey at Collins SBA).  But with the advent of cloud technology and a lot of systems being hosted from remote servers, we find that every one of us that works with computers nowadays needs a comprehensive understanding and appreciation to ensure all our IT systems are being utilised effectively.

 

Financial planning and accounting are two industries that deal with an immense amount of data and information in the course of business; not only from clients but through to other services (important ones such as ASIC and the ATO).  As such, we need to make sure that while we are storing, retrieving, transmitting and manipulating this sensitive information, it needs to be in the most secure and protected format possible.  Storing this information on Australian shores is also important (and necessary). At Collins SBA, we have a dedicated team that focuses solely on our IT systems to ensure they are up to date, protected and supporting our business.

 

We will soon be releasing several improvements to the way that we facilitate communication and information gathering from our clients, to ensure that the conversations we are having are even more thorough and backed up by sound evidence-based data. This will result in a more streamlined process for our team internally but also for you, our client.

 

If you have any questions on how IT can improve your accounting/business experience, please contact Oliver Hopewell, Associate Adviser on 1300 265 722, or email ohopewell@collinssba.com.au.