In our
previous feature, we shared how small- to medium-sized firms in Indiana are currently using (or not using) technology. Those who have been slower to adopt new tools cited “time” as a substantial barrier and that it is easier “just to do business as usual.”
Because, on the one hand: If there’s not even enough time to handle the existing workload, when
can a firm possibly implement
new processes?
But on the other: If a firm continues doing work in the exact same way, how can it possibly free up capacity to achieve a more productive and profitable outcome?
By performing a quick internal audit of process pain points among staff and clients, firms can start to identify areas where investing in a technology solution will ultimately benefit
everyone by reducing costly and unnecessary inefficiencies.
In Part 2 of our Tech Series, we will highlight specific strategies and tools for firms to make the most of their key asset: their people.
“One of the biggest challenges in the accounting profession is creating more capacity among teams. The growing workload and moving deadlines are weighing on the profession heavily.”
—Samantha Mansfield, founder – Samantha Mansfield LLC
INCPAS Continuing Education
Technology Peer Networks
Facilitated by INCPAS staff, these peer groups are your opportunity to connect with other small firm CPAs who are navigating the ever-changing landscape of technology. Come prepared to share ideas, successes, failures and, most importantly, get peer advice so you’re not starting from scratch.
If you want to join a network, let us know and we will follow up with you.
Sources & Additional Reading
INCPAS Pulse Survey: “Indiana CPAs report concern for employee safety; losing clients and revenue”
INCPAS Tech Series: Practical Tools for Small Firms to Generate Big ROI
Tech Series: The Profitable Practice—Offering New Lines of Service
Accounting Today: “The Return to Work — More ‘New’ Than ‘Normal’”
Botkeeper: “How to Increase Capacity at Your Firm Without Hiring More People”
Reuters: “Business Implications of AI Within Tax & Accounting”
Robert Half Salary Trends for 2022: Numbers to Know in a Tight Labor Market