Wednesday, July 07, 2010

How technology will reduce operating costs in accountancy practices over the next decade


How implementing new technology can be translated in to ROI

Technology is high on the agenda of many accountancy practices, however, the big question is which technology to choose and how will it materialize into ROI? Not only can technology simplify the process of data collection for an accountant, but it can also pay back dividends in terms of speeding up compliance processes, client access to information and simplifying internal functions. A bi-product of such efficiencies is the benefit of allowing accountants to focus more on the complex and high value work to improve profit margins.

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