For many Managing Partners, technology planning is a double-edged sword. On one hand, they are often too busy managing the firm’s business to make significant changes to technology or processes. On the other hand, they know that a new approach has the potential to free up time, improve efficiency and increase profitability.
A responsible managing partner must balance the short-term benefits of familiar systems and well-rehearsed procedures with the medium- and long-term benefits of more modern technology and process improvements. The ideal middle-ground way through this dilemma is an ongoing commitment to continuous, incremental improvements.
Although some firms can handle (and may prefer) a large-scale transformation over a short period of time, many firms achieve successful results with more measured changes.
To minimize disruption, firms should evaluate technology with the future in mind. The right system will be able to accommodate the firm’s current workflows but can also flex into more automated, high-efficiency workflows when the firm is ready.
This e-book outlines several tax software features that can help more traditional CPA firms bridge the gaps between old and new workflows.