Posts Tagged ‘accounting technology’

Wednesday, February 15th, 2012

Cloud Computing Means Change & Opportunity For CPAs

For some CPAs in public accounting, cloud computing is still somewhat of a mystery. But for many other progressive CPA firms, they are already living in the cloud and loving it.

I hear it over and over again at management conferences – “We have these small firms in town, and even some larger ones, who are under-cutting our fees. We simply can’t do it for what they are quoting.”

Small to medium-sized enterprises (SMEs) are looking to cut expenses any way they can and accountants can offer more value-for-money services to these SMEs by being prepared to  offer interactive services rather than the traditional yearly engagement and related discussions. Cloud computing is slowly transforming the accounting industry by offering to streamline accounting processes in order to cut costs and adopt services which add value in a subscription-based scheme.

The big hurdle is that accountants must be able to view cloud computing as a big opportunity rather than a threat. They must be willing to take the lead in this new phase of business.

With this new technology, an accountant can provide timely reports and advice to SMEs so they can stay in business during these tough economic times.

Read more about How the Accounting Industry Is Being Changed By Cloud Computing in this informative article  from CloudTweaks.com.

Don’t be like Mark Twain…..

  • I was seldom able to see an opportunity until it had ceased to be one.
  • Mark Twain