Data has always been critical for accountancy practices.The difference between past and present, is that twenty-five odd years ago when I was an accountant; everything was stored in paper files.
The accountancy profession is facing disruption from all directions. The ongoing skills shortage and the race to secure talent is having a profound impact across the industry. Faced with the ongoing cost of recruitment and the impact of replacing people, firms at all levels have recognised the need to overhaul their retention strategies and enhance their employee offering.
Gone are the days when an employer could expect their people in the office five days a week. Covid-related culture shifts, coupled with new technology, have removed barriers and left organisations with little alternative to a hybrid model, as a minimum requirement.
MMP had faced cumulative problems with its incumbent accounting software provider, with whom they had had a longstanding association. From around 2016, users within the practice were experiencing slowness with the software, while licensing costs were simultaneously rising.
Computer Aid International is a charity working to bridge the digital divide across the globe. It creates opportunities for people by providing access to the digital world, with a focus on improving education.
At the same time, hackers and cyber-criminals sat up and took note. They realised that timely, emotive messaging around COVID could help the effectiveness of attacks, all whilst employees were often less able to access technical support and likely had weakened cyber-security at home.
Our employees work side by side with our customers to create and manage these solutions – driven by a deep understanding of their needs and addressing the rapid changes in their environment. However, it’s often hard to look beyond improving performance in day-to-day operations.
Adoption of Open Banking has been driven by remote working and increasing audit quality scrutiny over the past two years. Highlighted by the 5 million open banking users milestone reached in February this year. Despite the acceleration of open banking adoption, it remains a relatively new concept (first mandated in the UK in 2018), putting banking data in the hands of businesses and consumers, this is just the tip of the iceberg compared to open finance.
Accountancy Firms have always been a big target for cyber security threats. Extensive data consumption from their clients means it’s essential for them to ensure the right technology is in place to protect and lock down that information from the increasing threat.
Delivering consistent engagement performance has become an increasingly complex nut to crack. Accounting firms of all sizes are battling against budget write-offs, cost increases, skill shortages, and "the Great Resignation."
Employees are increasingly looking for a purpose-driven, engaging, and positive culture that prioritises the employee experience. With this shift, leaders need to consider if the environment they are creating is human-centric and employee-focused
This year’s ‘members only’ event is one not to be missed! It’s been a challenging and unprecedented two years and now is the time to reconnect. The event will provide networking opportunities for both accountancy firms and suppliers, with just the right mix of informative presentations, round table discussions and social activities.
When I wrote the “CIO perspective on Learnings from Covid_19 pandemic” piece in the December 2020 Portrait edition there was still massive uncertainty as to what2021 would hold for us, both professionally and personally. The overwhelmingly positive progress on vaccinations in the UK and the government’s easing of restrictions has informed our decision to hold the annual AIT conference face to face. When discussing the theme we felt the AIT members and suppliers did not just want to connect, rather needed to re-connect.
“Apogee are not just aprinting company, theyconsult with us and go onto deliver a full end to endservice from concept toinstallation. They go aboveand beyond and we lookforward to continuing ourjourney with them”
Work Capcha automatically tracks your digital journey throughout your day so you don’t have to. Your activity appears in your Day Bookas you start to make calls, attend meetings, send and receive emails, and use applications such as Xero from our eco-system.