Leveraging Technology — Firms That Adopt a Forward-Leaning Technology Culture Outperform Financially
The key to future firm growth rests in the ability to leverage new and evolving technology to create process improvements, according to a recent survey of tax and accounting firms, conducted by Wolters Kluwer, in conjunction with Kelley Market Research. Integrated cloud solutions can create highly efficient, automated workflows that enable CPAs to spend more time developing personalized advisory relationships with clients and offering more strategic services.
Over the past decade, tax and accounting firms have reported remarkably consistent business concerns. Although individual issues may shift in where they rank from year to year, there is wide agreement that the top issues the firms are facing involve:
- Growing the business
- Making use of the best current technology
- Data and information security
- Recruiting and retaining the next generation of talent
- Increasing regulatory compliance and complexity
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