The time has come for digitalization and accountants have understood the importance of this inevitable transition. The last OEC congress in Montpellier never stopped discussing this industrial revolution and the messages were heard. However, the obvious observation is that the digital approach, if it is not carried out in a thoughtful and coherent manner, can quickly turn into DIY.
Change your practices with digital
The temptation is great to pile on a multitude of tools, accounting or management software and technologies in the name of modernity. This approach is not only expensive, but also counterproductive. More tools don’t necessarily mean more efficiency, and the illusion of digital transformation can quickly dissipate, giving way to a disappointing reality.
It is a mistake to maintain the same practices and processes within firms with the arrival of digital technology. It is fundamental to reorganize information systems. Data streams now arrive from multiple channels and in different forms. Procedures within firms must be rethought accordingly, team training adapted and communication with clients different.
Accountants must take a strategic and thoughtful approach to their digital transformation. Rather than accumulating tools without thinking, it is crucial to define clear objectives and choose the accounting solution that specifically meets their expectations.
A strategic opportunity for transformation
The cost of multiple tools (accounting tool, electronic invoicing software, expense reports, forecast management, reporting, etc.) can quickly become a financial burden. By investing wisely in integrated and collaborative solutions, accountants can maximize productivity while minimizing unnecessary costs.
Additionally, simplicity is often synonymous with efficiency. An overly complex digital ecosystem can lead to errors, delays and wasted valuable time. By adopting a simplified approach, focused on consistent, user-friendly solutions, accounting firms can maximize their returns while ensuring a smooth and successful transition.
In conclusion, digitalization should not be seen as a simple accumulation of tools, but rather as a strategic opportunity to profoundly transform professional practices. By exercising discernment in the choice of technologies, favoring simplicity and focusing efforts on clear objectives, it will truly be possible to embrace the digital age in an efficient and sustainable manner.