The Future of Accountancy
Capital | Consultancy | Corporate
Progressive Accountancy Firms are primarily focused on developing high levels of Client
understanding and engagement, they operate on an advisory basis with their Clients; where
they provide added value and no longer compete for diminishing transactional fees.
Build value-added services
Progressive Accountancy firms prosper ultimately because they keep pace with digital innovations while providing value-added services for which clients are willing to pay more. From providing access to real-time financial data, complemented with more sophisticated analysis to include business intelligence and benchmarking, clients will be more willing to put their trust in accountants to improve their firm’s performance.
Beat your competition
Business software company Exact has released research demonstrating that the number of UK accountants implementing digital solutions has almost tripled in the last 12 months. This has resulted in less time spent on paper-based administration, improved streamlining of business processes through greater integration of systems, and increased flexibility.
Whether it’s cloud-based services, mobile apps or business analytics solutions, modern technology can transform productivity by eradicating inefficient paper-based forms and manual processes. Integrated systems provide faster access to critical data, enabling accountants to respond faster to client queries.