3 reasons the role of the accountant is changing

If accountants 10 years ago could have looked through a portal into the future, would they have been surprised at how much technology had changed the way they work? Today, a client portal is just one example of how cloud-enabled technologies have revolutionized the way modern accounting firms function. Meanwhile, with automation, seamless paperless workflows, anytime-anywhere access, and client collaboration tools, firms are able to create growth opportunities and provide better client service. Here are three major ways cloud technology has affected the role of the accountant.

No more busywork.

Without a good cloud-based workflow solution, your talented staff could be wasting valuable time on routine duties like data entry. Automation through solutions like CCH® ProSystem fx® Scan with AutoFlow Technology eliminates many mundane tasks. As a result, employees can focus their time on bringing more value to your clients.

No more chasing papers around the office.

In the old days, figuring out a return’s status meant walking around looking for a physical folder. Now, however, cloud solutions like CCH Axcess™ Workstream and CCH Axcess™ Document help manage tax workflow and related documents. In addition, with all staff members able to instantly see a return’s status, anyone can answer client questions—and that leads to happier clients.

No more hand-holding clients.

Cloud solutions help clients help themselves. For example, secure, two-way portals offer self-service options and give clients transparency into the progress of their tax return. For even more assistance, CCH Axcess™ Client Collaboration walks clients through each step of the process, from filling out a simplified tax organizer to connecting with banks and financial solutions to automatically pull in documents like 1098s.

Learn more about the impact of cloud-enabled technologies on the role of the accountant. Download our ebook “Understanding the Evolution of the Cloud.”

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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