Infographic: 4 Reasons to leverage technology in your accounting firm
Consultant Doug Sleeter, an Accounting Hall of Fame member, pointed out in 2014 that, “small and medium-sized businesses no longer simply require tax and compliance-related services. They need – and want – advisory services.” At this point it is no secret – businesses want their accountant to help their business grow by providing advisory services. However, many firms are stuck asking a follow-up question, “How can I manage to accomplish all of the requirements that my compliance work demands of my firm while also providing advisory services?”
With the growing number of ways accountants are serving their clients, technology can provide a quick and easy way to offer a higher number of these consultations while helping your clients better understand their financials. By investing in technology solutions, firms can free up time for partners to create deeper relationships with clients that allow them to develop specialized, high-dollar services that can improve the way their clients run their businesses.
Implementing technology solutions that help streamline redundant tasks can increase revenue and profits by 21 percent. Additionally, three out of four clients of financial services think their CPA is behind or just keeping up with technology. By onboarding new technologies you can not only increase your firm’s bottom line but also appeal to your client’s and prospect’s expectations.
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