swerte gaming casino login Like many other vital workflows, accounting has evolved with technology over the last several decades. It’s transitioned from manual bookkeeping to rudimentary software to robust desktop applications and finally to cloud-native software as a service. However, while this evolution has naturally made the profession more efficient, some believe that these platforms have started to sacrifice quality in the name of convenience. According to tech entrepreneur and software engineer Gregory Gevorkyan , modern web applications have lost their magic: They’ve become more bloated, slower, and even break if you don’t have an uninterrupted internet connection. Instead of relying on clunky web apps that take several seconds to load, Gevorkyan believes that native desktop apps had it right all along — and with Modernbanc , his next-gen accounting platform, he’s aiming to bring more efficient and user-friendly workflows back into the spotlight. Learn more about how Gevorkyan is balancing emerging technology with common-sense software development. The Challenges of Legacy Accounting Software and an Overreliance on Cloud Computing Accounting as an industry hasn’t exactly kept up with modern technology. Even today, many of the world’s biggest banks still use decades-old systems like FIS, Infosys Finacle, and Temenos T24. While these solutions were cutting-edge tech in their own age, many of them were built 40 years ago and lack support for modern features — not to mention they struggle with complex transactions and increased volumes of data, both of which are all too common in modern business. Meanwhile, technology has propelled the creation of robust accounting software to meet the needs of today’s businesses. Some platforms utilize robotic process automation (RPA) to automate busy work such as invoice and order management, freeing up the precious time of overworked accountants. Other offerings use specialized analytics tools to enhance workflows like auditing, allowing businesses to identify anomalies, trends, and fraud much more efficiently. But today, many of these offerings are only available as cloud software, which Gregory considers a step backward. After all, what’s the point of using cutting-edge technology if it’s reliant on bandwidth and latency? Not only are these connection-reliant web apps limited in performance and accessibility, but their purported convenience often falls flat the instant your internet connection falters. And when finance professionals are spending more money on the cloud than ever before and not seeing significant benefits, something must change. That’s why Gevorkyan believes that building offline-first software is the safer and more performant way to address the challenges of legacy financial systems. Innovating Accounting Software with Modernbanc While contributing to the building of Royal Bank of Scotland’s next-gen online bank , Gregory Gevorkyan became intimately familiar with the weaknesses of legacy banking systems and the shortcomings of cloud-first offerings. These insights are what inspired him to create Modernbanc, an accounting system that is as easy to use as a spreadsheet, allowing users to build reports with live data in seconds. The software offers tools for recording bank balances, making financial reports, and managing assets, compiling them all into an intuitive spreadsheet layout. It also seamlessly integrates with business bank accounts and transactions, with support for over 12,000 financial institutions. This drastically reduces the manual labor accountants are ordinarily faced with, giving them more time to focus on strategic financial planning. Prioritizing an offline-first approach, Modernbanc allows users to build reports regardless of whether they have a connection at the moment (letting them automatically sync when a connection is established), using an app that works seamlessly even without the internet. Rather than depending on clunky web extensions and separate offline spreadsheets, Modernbanc ensures reliable performance regardless of whether the user is connected — marrying the convenience of the cloud with the performance Gevorkyan believes should be the standard for all robust business software. Solving the Efficiency Problem in Accounting As half the industry is relying on outdated software and the other half is counting on unreliable cloud applications, Gevorkyan built Modernbanc with a seamless and streamlined interface in mind, one that is purpose-built for reliability and efficiency. One of the primary ways Modernbanc achieves this is with a simple and straightforward user flow, allowing users to record a payment just by adding a row. Custom reports can be generated in seconds using live data or provided templates, while transactions are automatically categorized and reconciled. Thanks to these simple yet effective features, not only is Modernbanc intuitive to use, but it also avoids the performance bottlenecks that other offerings face when they prioritize flashy features over functionality. And by turning away from the traditional web-app approach of the last 20 years of accounting software, Modernbanc guarantees fast and responsive performance — regardless of connectivity. Building the Future of Accounting Software Accounting software is overdue for a revamp, being one of the few mission-critical applications that haven’t seen much improvement in over 30 years. By offering high performance, a clean UX, responsive offline functionality, and real-time data synchronization, Gregory Gevorkyan is building a new vision for modern accounting with Modernbanc.For more information, check out Modernbanc online .US President-elect Donald Trump has appointed a prominent Indian-American technologist, Sriram Krishnan, as the senior policy advisor for artificial intelligence at the White House Office of Science and Technology Policy. In this capacity, Krishnan will work closely with Trump’s AI and crypto czar, David Sacks, and have a say in shaping the wider policy landscape around AI. While the Joe Biden administration made it a key priority to highlight the possible risks of AI and draw a policy framework that limited harm, the incoming Trump administration has viewed AI primarily through the lens of an opportunity, prioritised the ideas of growth and innovation and been publicly critical of regulatory attempts as an attempt by bigger tech firms to stymie the growth of smaller tech firms. Announcing the appointment, Trump said that his tech policy team “will unleash scientific breakthroughs, ensure America’s technological dominance, and usher in a Golden Age of American Innovation!” He posted on Truth Social, “Working closely with David Sacks, Sriram will focus on ensuring continued American leadership in A.I., and help shape and coordinate A.I. policy across Government, including working with the President’s Council of Advisors on Science and Technology.“ Krishnan said that he was honoured to be able to serve his country and “ensure continued American leadership in AI”. Krishnan, 40, was born in Chennai and did his bachelors in technology at SRM university. He worked in Microsoft between 2005 and 2011 where his focus was Windows Azure. From 2013 to 2016, he worked in what was then Facebook, where he led strategy and execution across businesses in mobile monetisation and created Facebook Audience Network. Krishnan then went on to work on product at Snap and Twitter before branching off to become an investor. In 2020, he became a general partner at the venture capital firm, Andreessen Horowitz, which invests both in seed and late stage tech companies. It is here that Krishnan has closely worked with AI, consumer and crypto firms, and worked with governments on AI policy. Krishnan, in his current role, worked closely with the founder of the VC, Marc Andreessen, who is a key Trump supporter. He also has a good relationship with top Trump advisor and supporter, Elon Musk, and is an investor in X and SpaceX. Along with his wife, Krishnan also hosts the Aarthi and Sriram show featuring conversations with Silicon Valley’s top technologists and entrepreneurs. Krishnan’s appointment may also leave an imprint on the debate on immigration. While the Trump ecosystem is fiercely opposed to illegal immigration, the tech constituency within Trump’s coalition is a strong advocate of continued legal immigration as a way to sustain American tech dominance, with Trump committing on a tech podcast with Sacks during the campaign that he was even in favour of giving green cards to those who studied in the US. In a post on X earlier this month, Krishnan offered a glimpse into his worldview and listed out specific suggestions to improve entrepreneurship. These included creating a startup founder or entrepreneur visa category, allowing H1B visa holders to start companies or transition to entrepreneur visa, and fast tracking green cards for technical fields. On crypto, he suggested clarity on the legal definition and departmental jurisdiction, a task that Trump has now assigned to a newly created crypto council. Krishnan also recommended creating a real time payment system for instant transfers, giving the example of UPI in India. With Usha Vance serving as the Second Lady, Vivek Ramaswamy co-heading the Department of Government Efficiency, Kash Patel running the Federal Bureau of Investigation, Harmeet Dhillon in charge of civil rights at the Department of Justice, and now Krishnan playing a key role in AI policy, from January 20, the Donald Trump administration is all set to have desis in key positions that will shape American state, security, science and the world. Commenting on Krishnan’s appointment, Sanjeev Joshipura of Indiaspora, a leading diaspora group, said, “For several years, Sriram has been an insightful thinker and influential commentator in the artificial intelligence realm. His previous work blending public policy, international affairs, investing and technology will stand him in good stead as he serves the nation in this important role. As Indiaspora continues our convening and thought leadership work on AI in the United States and abroad, we look forward to engaging closely with Sriram.”

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