The app marketplace’s evolution suggests a level of sophistication that accountants must recognise, understand and embrace, writes Foulger Underwood consultant Kevin Reed. A simple example, he says would be a cashflow app that develops close links to the lending marketplace. From ‘looking’ at a client’s books it may be able to alert them that they will need extra working capital, and then offer them the optimal option, all through a mobile phone. “Those firms that embrace change and take advantage of the momentum behind back-office SME accounting tech will thrive. Those that don’t will wither on the vine”, he concludes.
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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.
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