With the ability to automate every aspect of the tax process today, accounting firms should be taking a holistic approach to automation. As firms start to automate, they are learning where the inefficiencies are and which inefficacies are costing them the most time and money
Tax and accounting professionals can be risk-averse and take a conservative, measured approach to analyzing facts and figures, leaving no stone unturned, and always proceeding with caution. This approach is why they're successful in business. But this same cautious approach has caused the accounting profession to fall behind other industries in adopting new technology and a digital first mindset that can help firms evolve their business. Read on to learn more.
Rapid regulatory change, evolving customer needs, and tight competition for talent is forcing tax and accounting firms to rethink their technology and software tools. Is your tax and accounting firm keeping up with the rapid pace of change or falling behind?
Technology has helped tax and accounting firms to streamline their processes and automate countless tasks. But, as new software versions become available, it can create a situation where some older software may no longer be able to communicate with the new ones. This can create challenges. To that end, many accounting firms are creating connections between new solutions and legacy systems with APIs. Learn more.