you’re not tech-savvy if you’re not cyber-safe, too
security must be both a priority and a habit.
by ranica arrowsmith
ai
lions and tigers, blockchain and bots, oh my!
expect more drudgery to be automated.
by bob scott
many accounting professionals are still grappling with mobile devices, social media and cloud computing. but the next big things are already being hyped and debated.
and even though they will take years to move into the practical realm for practitioners, it’s time to at least learn the buzz words and understand the concepts because these technologies have the potential for as much change and disruption as we’ve seen in the things we are still trying to understand during the current century.
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how to beat automation in accounting
four frustrations … and which one to focus on.
by hitendra patil
do you see an old lady or a young lady or both?
more on entrepreneurial strategy: podcast: how to become a true ‘accountaneur’ | how to fly the automation dragon to your dream practice | your clients hold a secret key to your practice growth | seven lessons for accountants from self-driving cars | you don’t think technology helps get new clients?
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according to brainbashers.com, this image appeared in a 1915 edition of the puck.
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how to fly the automation dragon to your dream practice
the 11-step plan to winning the war against accounting “bots.”
by hitendra patil
accountaneur
like a snowball rolling down a hill, the fear that automation and artificial intelligence will replace accountants with robots is rapidly gaining mass and momentum in the accounting profession.
more on entrepreneurial strategy: 3 reasons small firms stay small | how job titles can rebrand your firm | your clients hold a secret key to your practice growth | seven lessons for accountants from self-driving cars | you don’t think technology helps get new clients? | tax season management: multi-tasking is a myth
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but accounting is one profession that has always adapted to technological and regulatory evolution over a long period. i am sure accountants will ride the new, so-called fire-spitting-jobs-guzzling automation dragon within no time.
but first, let’s think about the underground shift that will happen because of the automation in accounting. why will automation mean more business for accountants?
lessons for accountants from self-driving cars
how to make the leap from sci-fi fantasy to business reality in six steps.
by hitendra patil
the definitive success guide to client accounting services
the uberization of accounting has already begun, and disruption is creating a “no-choice future” for some firms.
more: rotten tomatoes: what do your clients really think of you? | targeting the top 50 highest-paid client categories | survey results: decide to be decisive | the curious case of ‘the irreplaceable accountant’ | the three gears that drive success in the accounting business | brexit worries? worry more about cexits, texits and pexits | linkedin launches accountant-for-hire service | 4 pillars of future firm foundation | ‘uberizing’ means more than technology | you don’t think technology helps get new clients? | do you want a practice … or a business? | ‘decisiveness’ rated top trait for success in accounting business | tax season management: multi-tasking is a myth | 3 apps to automate business networking |
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self-driving cars are meant to enrich human life. and therein are the hints of the future of the accounting profession. here’s how… read more →
the curious case of ‘the irreplaceable accountant’
the real reason clients change accountants.
by hitendra patil
accountaneur
why do people change their accountants? a google search lists a ton of reasons: not approachable. not available. not enough business understanding. not responsive. not tech-savvy. not predictable in changing fees. and some more…
more accountaneur: the three gears that drive success in the accounting business | brexit worries? worry more about cexits, texits and pexits | linkedin launches accountant-for-hire service | 4 pillars of future firm foundation | ‘uberizing’ means more than technology | you don’t think technology helps get new clients? | do you want a practice … or a business? | ‘decisiveness’ rated top trait for success in accounting business | tax season management: multi-tasking is a myth | 3 apps to automate business networking |
is technological advancement adding one more reason hardly anyone wants to ever talk about? perhaps we should add to the list “accountant not required.” to me, that sounds like an outrageous inference to draw. but several accountants tell me that they lose clients regularly. they tell me they got “replaced.” technology could be part of the problem. but it’s not necessarily the solution.
brexit worries? worry more about cexits, texits and pexits
brexit is the least of your potential problems. here are three real issues to worry about.
by hitendra patil
accountaneur: the entrepreneurial accountant
the world just changed overnight.
and there are always two distinct ways the human mind works.
- react: what just happened? google searches for “what is the eu?” spiked!
- respond: as is the human wont, the most debated question of the moment is “what next?”
- google searches for ”how to emigrate” spiked too!
will brexit become precedence, with far-fetched unimaginable consequences? but, most importantly, how will it affect u.s. accountants?
linkedin launches accountant-for-hire service
new buying service promises accountants projects and ongoing assignments.
by hitendra patil
pransform
the shared economy, contingent workforce, millennials’ preference for work-life balance, the cloud, artificial intelligence, big data. everything is converging to disrupt traditional business models of many industries and professions.
and accounting is not immune to disruption. on the contrary, accounting is ripe for disruption. note carefully. it is all only “disruptive.” not “destructive.”
riding the new reality, the undisputed leader of business social media – linkedin – is now leveraging its platform to help shared economy workers get new clients.
meet profinder: accountant’s new opportunity (and a new threat?)
3 apps to automate business networking
new technologies harvest social media data, suggest how to write the perfect follow-up email, and schedule appointments.
by hitendra patil
have you found yourself attending a networking meeting and spending most of the time with just one or two persons you already know? you are not alone! it’s challenging to get the communication started and going. it is an even more daunting task to make killer impressions and walk out with connections that will help you and your business.
more on the entrepreneurial accountant: the 5 most common marketing blunders accountants make | linkedin adds messaging. finally! | re-learning the lingo of the accounting business | how the “1099 economy” will transform accounting | what cpa firms could learn from google’s alphabet | summer reading list: five great books for the five lives of a busy accountant | four signs the uberization of accounting has already begun | management guru chester elton on success | savvy cpas focus on the constants | more
but that’s where new technology comes into the picture. you don’t have to the best-dressed person in the room, nor the smoothest talking or most knowledgeable. you just need to have the best appetite! let me explain, rather, reveal, some powerful information that can totally transform how you network. from thousands of apps and websites that i have personally tested, here are three that could make you a networking hero.
the 8 traits creating the firm of the future today
a cpa firm in san francisco hires programmers! do you?
by hitendra patil
pransform
several discussions across multiple thought leadership groups, industry experts and advisors have boiled down to the crux of the question for the future, i.e.: what is needed by cpa firms to become sustainably successful? what are these traits “the firm of the future” must have? i think there are eight:
1. redefine profitability
when partners and talented accountants perform routine tasks such as scanning documents and data input, the leverage on intellectual capital reduces. that impacts profitability. and the well-settled definitions of profitability are getting unsettled by technology, new generation thinking and sea change in regulations. efficiency gave you optimal returns in your time. it won’t in the future. your profits will be driven by the effectiveness of your combined intellectual capital (knowledge, wisdom) and your infrastructure (systems, software, communication channels). you will create measurable value for your clients and this value will drive your profits. it is all hinting to a complete overhaul of your pricing strategies, ground up.
trait needed: effectively priced intellectual capital on demand read more →