Cogneesol

The legal sector has changed significantly in the last few decades. It has now become a global enterprise market which is projected to reach the worth of $1,011 billion by 2021. But how did this happen? The answer is technological disruption. Before we go any deeper into legal tech, let’s read some experts’ opinions on the importance of technology in legal practice. Read through this blog. We have compiled a round-up post of law firm…
Automation is undoubtedly the way to the future; however, some arguments can be made for its uses in accounting. Automation will allow accountants to have company data ready and at their fingertips to simply observe and analyze numbers to effectively manage financial accounting. Having this data readily available to go through will always be beneficial to a company as the data will be accurate and will not need to be rechecked, resulting in the best results and value for the company. …
Business process outsourcing companies (BPO) are taking over, and the question that lingers on most business people’s minds is — is it a worthwhile investment? At Cogneesol, we’re here to give you the most out of your time and money.  Based in the heart of New York, Cogneesol is a multi-award-winning global provider of business process management, technology, and digital transformation solutions. Through our sophisticated bespoke solutions and services, we aim to give our clients…
Busy tax season is here again, and CPAs worldwide are now on their toes, busy preparing their clients’ tax files. Many CPAs would agree that this tax season would be a little different from the previous ones due to several disruptions caused by COVID-19 and its after-effects. Stimulus checks, PPC loans, tax law amendments, etc., are some of the primary reasons this tax season is becoming more challenging for CPAs and CPA firms. Let’s get…
Financial insights into the previous year’s cash flow are essential for business owners to create an accurate accounting forecast for 2021. Are you ready to make your company thrive financially in 2021? If your last year’s revenue was lower than what you had anticipated, you are not the only one. However, on the contrary, if you are one of those whose business continued and experienced minimal disruption amid the COVID-19 outbreak, you have a bigger…
All businesses are required to file taxes for which they either hire tax preparation companies or have an in-house team of tax professionals. Others outsource tax preparation services temporarily, for instance, quarterly, half-yearly, or annually. All in all, a majority of tax professionals remain busy during the hectic and stressful tax season. Auditors usually exceed working hours to more than 70 hours a week for months. 30 % of CPAs work 70-hour weeks while 90% of them work 50-hour…
In general, business development means pursuing great opportunities for a business; the same goes for your law firm. Law firm business development can include building new relationships, identifying various sources of revenue, cross-selling to current clients, adding new services (that are in great demand) to your portfolio, expanding business in different locations, contacting, following up on prospects, and to name a few more efforts. Law Firm Business Development vs. Marketing Marketing should be an essential…
In the aftereffects of the recent worldwide pandemic, remote working and outsourcing will be more popular and relevant to most businesses. These can be the ideal choice to achieve operational continuity and make workplaces safer. This might be the reason why many companies are reconsidering outsourcing these days to practice secure remote working and obtain operational and financial growth. For insurance companies that recently tried different ways in the form of investments and cost-cutting to…
Business expansion often leads to operations getting more complicated; everyday tasks become more challenging to manage and consume more of your time than before. You might also feel that your business is not as much in your control as you’d want. Moreover, you start spending most of your daily time finding solutions to different operational challenges instead of focusing on business growth. This article will guide you on how to identify the problems responsible for…
2020 has been a troublesome year for almost all types of businesses; moreover, the year-end accounting processes add to the stress business owners already have due to operational and financial disruption due to the COVID-19 outbreak and its impacts. Many companies close accounting books at the end of the year, where a sound bookkeeping system makes the entire process a little easier. However, regardless of the business type, the closing process generally includes reviewing your company’s…