Digitisation of the Firm

by accountingcpd

Much has been made of the transformational possibilities of digitisation for large accountancy firms, but what are the opportunities for smaller practices. Find out more about the key challenges, and the benefits already being realised.

This module will enable you to

  • Discuss the results of the qualitative survey of SMPs, about the digitisation of the firm.
  • Appreciate the specific challenges involved for smaller practices.
  • List some key benefits of digitisation.
  • Outline some of the common challenges of digitisation.
  • Plan what steps to take next, to prepare for the future.

About the module

Much has been made of the transformational possibilities of digitisation for large accountancy practices, but what are the opportunities for small and medium-sized practices (SMPs)

The benefits of digital transformation can seem less apparent to smaller practices, where the pain of manual transactions is lower. The potential costs, by contrast, are clear and this deters smaller practices from making the journey.

So, it is clear that SMPs risk being left behind in the process of digital transformation. In this module, we find out more about the key challenges reported by SMPs, and the benefits already being realised.

Contents

  • Digitisation of SMPs
    • A survey of SMPs
    • Encouraging digital innovation
    • Size matters
    • Summary
    • The benefits of cloud-based systems
    • Bank feeds and open banking
    • Recommendations

How it works

Author

accountingcpd

This course has been written by the accountingcpd author team.

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