Author: Wayne Pope
AI is great, but it’s not as good as you!
Let’s be honest: while artificial intelligence (AI) is a powerful tool, it does have some limitations, especially in the accountancy profession. One of these is that AI just doesn’t understand maths the way humans do. Certainly, it can crunch numbers and give results pretty well, but it doesn’t truly understand the concepts behind the calculations. […]
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Other firms are using technology to fill their gaps – Are you?
If you currently run an established accountancy firm, providing essential services like bookkeeping and tax preparation, but you want to expand into more technical areas, you might think this is unavailable to you. With the current recruitment crisis and ever-increasing regulatory demands on things like Research & Development (R&D) tax credits, it’s seemingly getting harder […]
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Why your clients hate client portals!
Picture this: You’ve invested in a cutting-edge client portal, hoping to streamline your processes and provide top-notch service to your clients. Yet, despite your best efforts, engagement is dismally low, with only around 5 to 15 per cent of clients actually using your portal. Frustrating, isn’t it? And you’re not alone – we’ve noticed that […]
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Are accountants still on the chopping block of automation?
As far back as 2014, a chilling prediction was made: 47 per cent of job categories could face automation within the next two decades. For accountants and auditors, this forecast was particularly dire, as they ranked second on the list of professions most at risk. Fast forward to today, and these projections are becoming a stark reality […]
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The great digital hunt: Tracking and capturing elusive data
Picture the scene… An accountant, armed with a cup of coffee, sits down to tackle the morning’s emails. This has become part of her routine by now, but little does she know that the perfect storm is brewing. On average, replying to emails may take up to an hour in the morning, a task that sets the […]
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