Accountants and accountancy firms are an essential part of the business landscape. They make a significant contribution to the efficiency and effectiveness of the businesses they service. This means that accounting firms themselves need to continually find ways to refine and improve their own systems and processes. This in turn enables them to function optimally, meet the changing needs of their clients, and grow their client bases.
Digital transformation is fundamental to achieving this and elevates the role of accountants. It does this by removing the tasks that add little value and allowing them to focus on those that do, empowering them to achieve more within their speciality. Process automation, data management, reporting, and analytic insights all contribute to better communication with clients, simpler processes, and improved cash flow, which are all critical to keeping a business running well.