As Digital Transformation and automation takes hold, accounting firms and businesses are striving to adapt to a new way of working, and are increasingly seeing the advantages of emerging technologies that employ automation, to reduce time spent on arduous and menial tasks, freeing up more time to focus on adding value for clients, and ultimately increasing profitability. As the financial services industry drives digital transformation and experiences its ‘blockbuster moment’, accountancy firms must keep up and automation will drive this by freeing up time to focus on advisory work and driving value for clients. While some accountants fear that this will result in some of their work becoming redundant, that is not the case. As the more tedious tasks become automated, it will free accountants up to change the value proposition to clients, and work more closely with their clients, helping them to analyse data – giving them more time to be an accountant than a data manipulator.
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Providing insight into technology and innovation in the legal, accountancy property and consultancy sectors. Alternative Insights brings together news, commentary and thought leadership about digital transformation across the entire professional services industry. We collate industry stories on innovation, technology and transformation in the legal, accountancy, management and property consultancy sectors, giving you access to the latest thinking about tech and innovation in the professions.
September 13, 2019
September 27, 2019