Due to concepts such as space and time sharing businesses can now be active round the clock across the globe. A number of people are working remotely thousands of miles away from the actual arena of action. This is of particular importance to accounting as unlike several other routine operations, outsourcing of this work requires greater understanding of actual technicalities. It is nearly impossible for a person working remotely to gauge the exact procedures unless well versed with the subject matter. And so specific accounting tools and software suites need to be developed in order to aid the modern day CFO. Increasing amount of predictive analytics and Big Dataare being used to come to conclusions. While a lot of this is making our work easier, we need to be extra careful with sensitive data.