Accountancy practices need to radically change
The growing popularity of the internet will see accountancy practices overhauled in the future according to Access UK
The growing popularity of the internet will see accountancy practices overhauled in the future according to Access UK
ACCOUNTANCY PRACTICES will need to dramatically update the way they work in the future according to a report by software provider Access.
By 2020 Access predicts that accountancy firms see a rise in staff using remote working capabilities with 50bn devices being used to access the internet.
The report, The future of Technology: transforming mid-market business operations, also suggests that the adoption of a virtual internet office will enable accountancy practices to employ qualified accountants from across the world, as opposed to locally sourced as is the case now.
Chris Bayne, CEO of Access UK, said: “We believe this report offers an invaluable insight into some of the key technological trends and impacts facing all accountancy firms – from small to large – in the future.
“We believe that the accountancy industry needs to be prepared and aware of the new opportunities and challenges that future technology and increased connectivity will bring us.”
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleXeinadin, one of the leading professional services groups in the UK and Ireland, has announced that Irish firm K Magill and Co has joined the group. A...
View articleAICPA & CIMA released today their Re-defining finance for a sustainable world white paper, the latest iteration of their Future of Finance researc...
View articleThis decision marks a strategic shift from the previous leadership's direction, aiming to strengthen the PwC tax brand and realign with traditional in...
View articleAs the UK edges out of recession, accountants can advise SMEs on a range of options to grow. Warren Mead, CEO of Sumer, shares his top 5 tips Read Mor...
View articleEY adopts Polygon's blockchain for contract management, aiming to enhance security, efficiency, and transparency, setting a new industry standard and ...
View articleThe ICAEW cited managing insurance costs, firms struggling to obtain coverage, assessing risk-taking capacity, and evolved firm structures as drivers ...
View articleWe all understand the role of lawyers in an arbitration, to argue over points of liability and who was at fault. But most commercial cases are brought...
View articleChoosing between accounting practice and industry shapes an accountant's career, offering either a broad client base or in-depth company involvement. ...
View article