Building the case for tax and accounting automation software

Would you rather your team be “productive” or “efficient”?
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At first glance, the two concepts can seem somewhat synonymous since they both pivot around improving output. Productivity refers to the amount of work accomplished relative to the time, money, and effort. However, efficiency refers to the ability to accomplish a task with the least time, money, and resources and intertwining it with the notion of quality. In the productivity or efficiency argument in accounting, efficiency comes out as the clear head-to-head winner. 

Enhancing efficiency is also where automation software shines its brightest since it provides a platform for generating more output from the same resources, all while simultaneously reducing opportunities for error. The key for introducing automation, then, comes in setting the right expectations, priming the right systems, and then equipping it all the right way. 

The right expectations: Making the case for accounting automation
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Why are we doing this? That’s a question fielded upfront by every change agent driving the adoption of a new process, since maintaining the status quo is perceived to be the easiest — and, in turn, often most preferred — way to operate.  Yet a pivot toward automation offers a powerful response: We’re doing this because digital transformation allows us to help grow and maintain a highly productive, satisfied workforce. Or, in translation: We’re doing this because it’ll actually make you happier and us better. 

A 2022 TRUCE workplace survey about digital transformation offers this direct proof:

• Approximately 20% of employees will stick with or join an employer who provides them with the best tech for the job.  
• Almost 50% of workers think using the right tech makes them more productive.  
• More than 35% of employees say being equipped with appropriate technology helps make their job more flexible. 

If that wasn’t enough evidence, research from MIT shows that companies that excel in digital intensity and transformation are 26% more profitable and generate 9% more revenue than their less digitally mature peers. Automating accounting as part of digital transformation, then, represents a proverbial win-win-win for the staff applying it, the management team pursuing it, and the clients (internal or external) of the organizations upon whose tax knowledge and insights they so heavily rely on.  

Download this white paper to learn how to: 

• Make the case for accounting automation 
• Evaluate automation tools by asking the right questions 
• Equip your in-house team with powerful automation for increasing productivity and enhancing their work-life balance 

Start your digital transformation journey for your tax and accounting workflows today!