Top 5 Accounting Trends For The Future

Tom Carlson

What Trend Will Have The Biggest Impact?

❖ Tom Carlson a highly experienced business turnaround and financial

professional takes a look at the five new age methods that shape the

world of accounting

❖ These methods are designed to increase productivity and profitability.

Another important factor to keep in mind for firms willing to utilize these

methods, are to keep client satisfaction at the forefront

❖ Results are what matter in the world of accounting, not just being well

prepared with a lot of confidence

❖ These methods are focused on nailing down results and bettering the

firm as a whole

❖ Technology is the key to managing change and moving towards better

results

Increased Focus on Client Service

❖ Client service has transformed from purely being one on one

meetings to the extreme connectability of people

❖ This method has provided more client engagement opportunities

❖ Connections between a firm and its clients have changed from an

infrequent and somewhat mysterious to being more open

❖ It is no puzzle or confusion that placing an increased focus on

client service will have a huge impact on the future of their

business

❖ Technology will have a major impact on firm’s ability to provide

service, support, and added value, as well as to retain existing

clients

Technology Integration Challenges

❖ The rewards for integrating technologies are seemingly

endless

❖ With the proper integration of technology within firms

they can provide better support, work more seamlessly,

save time and effort, and bypass a lot of the outdated or

more annoying processes

❖ Efficiency and productivity pay off fast

Digital Mobility Opportunities

❖ The well prepared firms out there claim that digital

mobility plays a major part in their business

❖ Increasing mobile capabilities will affect the firm as a

whole as clients will have more access to all the broad

features the firm offers

❖ In the age of mobile technology (ie. smart phones and

tablets) mobile access is an absolute must for most

companies, especially financial and accounting firms

Talent Management & Succession Planning

❖ Firms also need to plan quite far ahead by taking

advantage of talent management and staff succession

❖ It is important to have options in case certain employees

don't work out in their position, there is another person in

line that i well equipped to perform at a high level

Social Media as a Business Tool

❖ Many firms claim the greatest benefits to utilizing a social

media profile and platforms are to enhance client

satisfaction

❖ It adds a more personalized element to the whole

process where clients can relate to the company and feel

more secure

❖ Some of the secondary goals are to attract and win new

business. Staying active on social media platforms will

keep firms in the front of the market