IMGCAP(1)]It’s hard to have a conversation about the future of the accounting industry and avoid the topic of technology.
Mentions of the “firm of the future” are everywhere and, regardless of the source, technology is consistently ranked among the top three inevitable changes to the industry.
One of the main reasons technology has been a topic at the forefront of the industry is because business as a whole has been making a leap forward in technology solutions. Accountants serve as experts in various businesses and industries and have needed to evolve with those whom they are serving.
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Accountants see the importance of adopting technology to serve their clients as trusted business advisors. Providing insight to clients by using big data technology solutions gives accountants the value-added edge to differentiate their firm from other firms.
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It is no secret that compliance engagements have become commoditized, competing on price alone. Technology solutions can provide firms with a gateway to more profitable consulting engagements and help scale their engagements as the firm grows.
Zach Meyer is a consultant at the financial information company