The American Institute of Certified Public Accountants (AICPA) has issued a how-to guide for accounting firms to help towards automating their business processes and adopting digital technology.
The guide, 10 Steps to a Digital Practice in the Cloud’, was written by two accounting tech experts and Certified Information Technology Professional designation holders, John Higgins and Bryan Smith.
Higgins said firms need to have a comprehensive technology plan because “it’s very easy to invest in the wrong solutions at the wrong time.” That can be expensive, both in terms of dollars and staff time lost, he said.
“The accounting profession has developed a good understanding of the concept of cloud computing, but not its value proposition,” Higgins added. “Firms often have difficulty seeing the strategic value of technology.”