Advanced technologies being used in firms today… and what’s coming next

In a recent survey, almost 70% of accountants surveyed indicated that keeping current with technology is one of their top challenges. That was second only to information security challenges. Clearly being technology savvy is part of what sets successful firms apart from the rest. In fact, advanced technologies make firms more efficient, help them serve clients better, and provide a profitability boost.

Of course, it’s hard to spend much time thinking about innovation and advanced technology when you’re so busy running your firm. Many of these advanced technologies may seem out of reach for many firms. But they might not be as far off as you think. A new ebook looks at several advanced technologies, and how they are being used in accounting firms today.

Yesterday, Today and Tomorrow

Advanced technologies certainly have a way of quickly moving from “futuristic” to “old news.” In “The Future is Now: Advanced Technologies Making an Impact Today,” the technology of today is examined along side technology of tomorrow. For example, interface innovations help firms interact with their technology more easily. In addition, data management tools allow firms to make use of the valuable data within their systems. And, of course, security protections help firms protect their clients and their data against threats that continuously evolve.

Tech of Today

Tech of Tomorrow

Interfaces
Cloud Software Biometrics
Mobile Apps Connected Smart offices
Data Management
Software Integration Big Data Analytics
APIs Data visualization
Single Sign-on Platform as a service
Security
Multi-factor authentication AI-based cyber security
Encryption

Practical Applications

Today, firms are already using advanced technologies like digital platforms and centralized architecture to integrate data sources and build intelligence. As a result of this technology, firms gain insights that they can then use to drive change. From predictive analytics tools that identify clients in need to data visualization dashboards that help you run your firm… The future is bright for accounting firms.

Find out what’s next for your firm. Download the eBook, The Future is Now, today.

AUTHOR

Aimee Hall

Product Marketing Manager at Wolters Kluwer Tax & Accounting

All stories by: Aimee Hall