Remote working has forced the accounting industry to be more flexible and mobile and many businesses are willing to invest in new technology. Automation is a crucial trend in the accounting industry as it reduces errors and minimizes confusion. However, it is crucial to ensure that accountants comprehend the automated processes and are accustomed to ensuring that outcomes and processes are correct. The adoption of cloud-based solutions is allowing organizations to operate with efficiency worldwide. As many accountancy firms depend on in-house computing systems and onsite servers to manage sales, store confidential client information, and track inventories, the cloud provides a flexible and secure alternative.
As technology enables seamless accounting tasks, the industry focuses on big data and data analytics. Accountants too are adopting new roles as an advisor to analyze and interpret data and benefit from the information. Analytics helps businesses with precious insights, facilitating improvements and enhancing efficiency and better risk management. More businesses are investing in data analytics to help them make data-backed decision-making capabilities. On a similar note, demand for accounting software solutions is on the rise. More and more businesses are opting to adopt cloud-based accounting software solution and this number is projected to continue increasing. At this juncture, there are a wide variety of service providers entering the industry with a set of advanced accounting services. To help companies navigate through the best-of-breed accounting service providers, CFO Tech Outlook has compiled a list of ‘Top 10 Accounting Service Companies – 2021.’ The enlisted organizations offer comprehensive services that make a client’s finance function lean, efficient, effective, and compliant. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you CFO Tech Outlook’s, “Top 10 Accounting Service Companies – 2021.”