The technology implementation must centre around the roles of the accounting profession. For the commerce and industry category, the technology adoption is expected to provide enhancements or improvements in the finance function. While for the public practice category, accountants are expected to retain, reimagine, and innovate their practices and services. For public sector, the technology adoption is expected to improve the efficiency of the daily operations and increase the satisfaction of the targeted users or customers. The processes that will be evaluated for each sub-category are as follows:
Commerce & Industry
Account Receivables (AR)
Account Payables (AP)
Financial Reporting
Inventory Management
Public Practice
Audit
Accounting
Tax
Practice Management
Risk Management
AMLA
Public Sector
Account Receivables (AR)
Account Payables (AP)
Financial Reporting
Inventory Management
The applicants will be assessed according to the criteria below:
Revenue and Cost
1. Revenue
The impact of digitalisation on your revenue
2. Cost
The impact of digitalisation on your cost
Experience and Impact
1. Stakeholders
The impact of technology adoption towards the satisfaction or experience of customers, clients and or other stakeholders
2. Productivity
The impact of technology adoption towards productivity
3. Staff mobility
The impact of technology adoption towards staff mobility
4. Staff morale
The impact of technology adoption towards staff morale
Technology adoption could also provide other value creation as below:
- Innovation
- Return on investment
- Sustainability
- Branding
Marking Weightage
The judging criteria are as follows and the Award Organiser reserves the right to change, amend or withdraw any of these judging criteria without prior notice:
| Judging Criteria | Score Allocation |
|---|---|
| Revenue & Cost | 20% – 30% |
| Experience | 50% – 60% |
| Other Value Creation | 10% – 20% |
