“With a new business backdrop brought on by the pandemic, the ship has decisively turned, and the future direction can no longer be doubted,” adding, “Accountants now need to restring their bows and add the most effective technologies to their arsenal to adapt and keep pace with these changes.” Having added up the facts and figures, more accounting firms are now heading in the same digital direction to better meet client expectations in a competitive accounting market.Īs an example, 73% of attendees at a recent Accounting Today webinar said there was an urgency at their firms for digital technology adoption, and this urgency aligns with what Bloomberg Tax recently stressed to firms: 89% of all companies have already adopted a digital-first business strategy or plan to do so.60% of business executives see digital transformation as the most important growth driver in 2022 and beyond.As a reflection of the digital whole in business, research unsurprisingly finds: Indeed, it’s now a customer expectation that poses bottom-line ramifications for businesses that don’t embrace digital.Īs an example, a recent VISA survey published by CNBC found that almost half of consumers will not shop at a store that doesn’t offer a digital payment method. “While the initial shock of the COVID-19 pandemic may have subsided,” writes Bloomberg Tax, “the digital revolution in many industries is continuing.” The reason: More people now enjoy the ease and convenience of making transactions and exchanging information online. “Accountants now need to restring their bows.”- Accounting Today Where Thomson Reuters recently characterized accounting firms as taking a “measured approach to analyzing facts and figures” before making business moves on things like secure firm portals, the facts born of the pandemic are indeed the main compelling reason behind the change. Not anymore, reflected in a recent Thomson Reuters headline, “Why is everyone in the tax & accounting industry talking about digital transformation?”Īgainst the evolved digital landscape ignited by the pandemic, the headline makes perfect sense. Here’s what’s compelling the urgency and three reasons why firms choose our Secure Firm Portal to align with how the digital wind is blowing in the accounting industry.Īccounting firms were slow to adopt secure document exchange and other digital technology in place of legacy practices during the pandemic. More accounting firms now understand the urgent need to adopt digital technology. The Top Three Reasons Why Accounting Firms Choose Our Secure Firm Portal. The Top Three Reasons Why Accounting Firms Choose Our Secure Firm Portal
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