Today, everything is about digital transformation. No matter what size your accounting firm is, you need to embrace technology—and do it now.
On this episode of Accounting Insiders, Insightful Accountant's Gary DeHart and The Bonadio Group's John Roman discuss the challenges and considerations firms face when identifying and implementing new technology.
In this episode, you will learn:
- The process of identifying and implementing new technology in accounting firms. They emphasized the importance of gathering requirements, seeking input from employees, leveraging external resources, and providing training to overcome resistance to change.
- The benefits of using voice-to-text technology and how it has become indispensable once people start using it regularly. They also talked about the involvement of tech vendors in providing training for their technologies and the importance of taking breaks from technology to avoid burnout.
- The technology stack at Bonadio, with John mentioning that they use around 50 different types of applications. They also talked about the importance of prioritization, support from firm leadership, and how client needs often dictate the technology implemented.
- The recommended IT budget for small, medium, and large firms, which is typically four and a half to seven percent of overall revenue. They also mentioned that there are various resources available online to help build a good onboarding playbook and start a digital transformation journey.
To watch the episode, CLICK HERE.
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