Explore the top challenges small firms face when implementing technology strategies.

Accounting firms must implement a thoughtful technology plan to maintain the personal level of service they pride themselves on while providing quick, easy digital interactions.

In a survey Arizent and Accounting Today conducted on behalf of Wolters Kluwer, findings showed that firms often implement technology to improve efficiency and productivity at the service-area level due to the difficulties of deploying solutions firm-wide. 

To make better use of investments and implementations, accountants should consider technology as an overarching umbrella under which all their service offerings are positioned. A more cohesive tech strategy will allow accounting professionals to operate more efficiently, streamline tech decisions, and implement solutions once for the firm, rather than piecemeal and often at a great cost.

Download the white paper to learn:

  • How firms are currently using and planning to adopt technology within the next five years
  • How to improve efficiency and productivity using technology
  • How to approach your technology strategy to unlock a wider variety of benefits
Learn more about the survey findings and download the white paper now! >>

Download the White Paper

Making an extra effort to get the right platform in place today can pay off immeasurably in increased agility that drives profitable growth for smaller firms.

— Cathy Rowe,
Vice President & Segment Leader, US Professional Market, Wolters Kluwer Tax and Accounting North America
Cathy Rowe

Key insights from tax and accounting professionals nationwide.

20 Percent
Firms are driving towards efficiency and productivity.

20% of accountants reported they intend to implement project tracking or workflow automation and/or AI tools to improve productivity and efficiency. 

37 Percent

Firms that take a more holistic approach to their technology strategy can unlock a wider variety of benefits.

37% of firms reported seeking a single integrated technology platform.

44 Percent

Workpaper management represents a key opportunity for many firms.

Less than half of respondents (44%) currently use the technology, but it touches a large number of business areas, including audit, calculation, and tax preparation work.

80 Percent

Small firms are focused on building a strong, foundational technology core that allows them the flexibility and room to grow.

Roughly 80% of firms with 1-4 employees reported using tax preparation tools, while only 20% listed AI tools to read documents.

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