The Evolving Accountant: Transformation inspiration for evolving firms

With nearly everything about professional accounting changing at a breakneck pace, who couldn’t use a little advice on keeping pace? The Evolving Accountant ebook series covers five essential topics to help you understand and embrace these changes, so you can position your firm for growth.

Successfully Managing the Pace of Change

Technology is creating changes in today’s accounting world as well as helping firms keep up with changes as they happen. Trends like moving to the cloud, automating tasks, use of integrated platforms, and leveraging of AI are transforming the industry. Keeping abreast of changes and training—and possibly even ahead of the curve—can help with hiring and retention, and give your firm a leg up in analyzing data to serve clients better as a result.

 Virtual and Semi-Virtual Firms: Benefits for Your Firm

Whether your team is working from home or clients need to upload data and documents from across the country, reliable cloud-enabled tools allow every step of a digital tax workflow to be productive, secure, and collaborative. A cloud-based platform allows integration and with one centralized database, staff can share info anywhere, anytime. Additionally, integrated workflow solutions and practice management software keep staff accountable and management in the know.

Understanding the Evolution of the Cloud

Cloud-based tax workflow solutions—including hybrid solutions—have changed the way modern accounting firms function. In fact, with machine learning allowing the automation of tasks, seamless paperless workflows, anytime-anywhere access, and client collaboration tools, firms are able to create growth opportunities and provide better client service. Plus, predictive intelligence is making it easier than ever to provide proactive advisory services to clients who are hungry for information.

 New Strategies for Data Analytics and Business Intelligence

With stronger than ever tools for gathering and analyzing data, firms almost have more data than they know what to do with. With today’s customizable dashboards and data visualization tools firms that learn how to leverage their data can gain key insights to improve both operations and client service—and help you figure out how and when to grow your business.

Overcoming Commoditization and Adding Value

To grow in today’s dynamic environment, firms must move beyond basic compliance and expand high-value consultative services. Technology can help firms automate billing and data entry, analyze data, streamline workflows, as well as collaborate with clients remotely. Meanwhile, your staff time is freed up to focus on business advisory services that will boost your bottom line—and your client satisfaction.

The Evolving Accountant eBook series will help you learn, plan, and adapt to changes so you can stay ahead of the curve. Download the series today.

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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