A Nigeria parlance I came across says, “If something is not chasing you, then you’re chasing something”. In this context, we would use technology transforming accounting roles as what is chasing you. And to survive it, you need to adopt strategies that would make you beat the chase.
With the way Technology and Artificial intelligence is growing, accounting professionals and students are forced to keep up with the latest trends, software, hardware and so on.
Below are some areas and advice you can use to survive accounting technology transformation.
· DON’T WAIT FOR THE CHANGE
Be ahead of the transformation, start developing tactics and strategies to be ahead. Make sure the transformation doesn’t trap you.
· UPSKILL YOURSELF AND YOUR TEAM
You should make sure your team is ahead too, you should be future oriented and tap into the benefits accounting technology.
· DON’T LOSE YOUR VALUES
Accounting technology would move from phase to phase overtime, make sure you don’t lose your core. It is what makes you and your business unique.
· DIVERSIFY YOUR SKILL
The hunt for knowledge and talent is fiercer than ever, many businesses are looking for people with additional skills their technology can’t offer. To surmount this, you need to learn other skills besides your accounting skills.
Skills like forecasting, data science, with knowledge like this, you can translate whatever the accounting technology processes.
· AUTOMATION
Though accounting technology has many benefits like increased productivity, business process automation, handling routine processes and more. Don’t let this deter you. The technology still needs human input through supervision/monitoring, cross-checking and so on.
You really need to understand the nitty-gritty, you also need to see technology as a tool to reduce your workload and not a tool to take your job. Let technology work for you, be its master.
If you’re interested in using a world class software trusted by over 6.1 million businesses, click here.
REFERENCE: Sage, Capterra.
Leave a Comment