. \n<\/a><\/strong><\/p>\n\u201cthe future-ready firm follows best practices and is also constantly implementing a path of continuous improvement,\u201d said sabbatis.<\/p>\n
with a strategic view of their client and practice needs, these firms anticipate changes and innovate across workflows, optimizing processes, people and technology. future-ready firms also measure productivity and profitability to make data-driven improvements to performance.<\/p>\n
\u201ccritically important in being future ready is following a \u2018best in process\u2019 approach, with optimized technology solutions and workflows to create the highest productivity across business processes, helping professionals work smarter, more productively and more profitably,\u201d sabbatis told attendees.<\/p>\n
the “future ready firm survey” found that while many firms are making strides in becoming future ready firms, much more can be done.<\/p>\n
so far, firms are making progress with foundational technologies, such as scanning and electronic document management systems. firms also anticipate significant near-term growth in both cloud computing and mobile solutions.<\/p>\n
future-ready firms ensure that they have the right people doing the right work. the majority of firms nationwide report that they achieve this, with 59 percent of tax firms and 54 percent of audit firms reporting that they have the right people doing the right work.<\/p>\n
ensuring that staff is optimized, however, continues to present challenges for some firms today. the cch survey<\/em> found that 37 percent of audit firms and 21 percent of tax firms have people performing work for which they are overqualified.<\/p>\nfirms also report that they have too many people who are under-qualified for the work that needs to be done: 20 percent of tax firms and 9 percent of audit firms are challenged in this way.<\/p>\n
supporting a future-ready culture, many firms engage their employees in the business, particularly younger workers who have grown up leveraging technology to do things differently. specifically, the cch survey<\/em> found:<\/p>\n\nmore than one-half of firms surveyed have begun to tap younger workers to evaluate technology solutions; and<\/li>\n 59 percent of audit firms and 47 percent of tax firms are consulting their younger staff in more decisions about their tax or audit processes.<\/li>\n<\/ul>\nkey findings from the cch survey in this area show that within three years, most firms will be deploying cloud-based practice management solutions \u2013 providing access to business analytics wherever and whenever needed. \u201cfocusing on this area is critical: for example, it\u2019s difficult to improve utilization rates or optimize workflows without metrics to measure results,\u201d sabbatis said.\u00a0 \u201cfuture-ready firms seek ways to continuously improve and optimize their performance, by establishing analytics and deploying the practice management tools needed to measure progress.\u201d<\/p>\n
sabbatis also noted that the future-ready firm requires unified solutions that span workflows and are adaptive to changing workflow needs.<\/p>\n
\u201cfor tax, accounting and audit professionals who face constant change, complexity and competitive pressure, it\u2019s essential that they have integrated technology platforms that deliver superior software and information solutions,\u201d he said.<\/p>\n
as one example, he presented the comprehensive tax workflow, with processes streamlined and supported seamlessly with cch solutions. it means that every step in a process is made more efficient and effective through technology, and that technology facilitates the flow of work across multiple processes in a streamlined and seamless way.<\/p>\n
\u201cbest in process aligns technology solutions with optimized workflows and creates the highest productivity across business processes. it\u2019s a unified system that includes solutions that make your firm\u2019s work flow faster, with processes that make the work flow smoother,\u201d said sabbatis.<\/p>\n
\u201cthere\u2019s been a clear migration of firms from the single source solution to the best of breed solution,\u201d said sabbatis. \u201cnow, as firms recognize they need to get results faster and with less complexity and lower costs, the future ready firm is transitioning to best in process.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
cch president and ceo mike sabbatis calls on the profession to brace for the challenges ahead by adopting “future-ready” processes today.<\/p>\n","protected":false},"author":17,"featured_media":15865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[5,2306],"tags":[120,629,84],"class_list":["post-15859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-outlook","category-tech-and-fintech","tag-tech","tag-technology","tag-vendor"],"acf":[],"yoast_head":"\n
why some firms thrive, and others don't [video] - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n