Between client needs, capacity concerns, and the demands of running a business, small accounting firms can find themselves overwhelmed, juggling day-to-day tasks while striving to grow and adapt to industry challenges. Small businesses of all types succumb to the common pitfall of focusing on the work and ignoring what isn’t working, whether it’s technology, processes, or people.
Regardless of whether your firm model is highly transactional, high-touch, or a balance of both, working harder rather than smarter and choosing to focus on the current workload — rather than considering how you can successfully scale and build a more resilient firm — can backfire.
- Neglecting to establish strategic goals can quickly fill your firm’s book with clients that don’t support those same long-term goals.
- Neglecting to promote your firm means the firm risks becoming commoditized and getting sucked into the race to the lowest price.
- Neglecting to use data to drive decision-making means missing opportunities to increase capacity and your profit margin.
So how do small firms — who often differentiate themselves with exceptional customer service and the personal touch — set themselves up for success? The right tech stack — one that helps your firm balance people, processes, and technology — can help.
The white paper, Building Your Small Firm’s Ideal Tech Stack, offers a comprehensive guide to aligning strategic goals with a flexible and scalable tech stack, discussing topics such as:
- The importance of a strategic tech stack
- Strategic goals and growth plans
- What to look for in building your firm’s ideal tech stack
- Why it matters that your tech stack integrates well with others
- The tech stack of today and tomorrow
Smaller tax and accounting firms usually don’t run their businesses the same way that large firms do. They often focus their tech stack on streamlining workflows, improving project tracking, and finding solutions for customer collaboration. That means they’re less likely to use innovative technologies and advanced data analytics tools to grow their business — and that means they’re missing out. A small practice incorporating the right strategies and tech-enabled services can set its clients up for success and the firm up for growth.
For small accounting firms aiming to grow and succeed, understanding and implementing the right tech stack is crucial. The white paper “Building Your Small Firm’s Ideal Tech Stack” provides detailed insights and practical advice on selecting and integrating the technologies that will support your firm’s goals.