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Technology trends -Web resource-featured-2


Technology Trends in Accounting 2021 Research Report
Discover the progress accountancy firms have made in their business and client service transformation, and what impact the pandemic has had on their use of technology.

Discover our five inspiring Fast Forward Studio tracks

Thomas Struyf
Written by: Thomas Struyf

For Fast Forward Studio, we’ve put together a spectacular 2.5-hour live show featuring experts in technology and accounting to discuss a broad range of digital transformation topics.

We are combining this live show with a series of recorded breakouts to dive deeper into various ideas. These breakouts are divided into 5 tracks where we’ll explore the different stages and technologies that firms need to achieve a successful digital transformation.

1. Fullsight

This is the foundation of connected accounting and focuses on data. The digitisation and consolidation of all client financial data, whatever the source, in one central data hub in the cloud. Here we’ll share the steps you need to take to achieve Fullsight and create a reliable single source of truth – a complete vision of all client data, up-to-date and available at all times. This is the foundation on which all work – compliance or advisory – can begin.

2. Hindsight

This second stage in connected accounting is about using data in automated accounting workflows to create an accurate view of the past. Here you streamline your compliance and reporting processes and improve their accuracy. It also means you can improve productivity and competitive pricing in your core compliance services. We’ll hear from speakers like Brian Murphy, Engagement Lead at Deloitte Ireland on how achieving hindsight is crucial if firms are to respond to clients changing demands and increased appetite for advisory services.

3. Insight

Insight is all about putting yourself in a position to offer advice and guidance to your clients based on reliable data. You have the tools to look at the meaning behind the numbers and extract valuable business intelligence. You’re able to contact clients directly when immediate action will have the most impact on their business performance.

4. Foresight

Use data, analytics, reporting and forecasting tools to predict the future and power the development of new value-added client advisory services with Foresight. This is the final step in the transformation of a firm from compliance reporting to trusted business advisor.

5. Marketplace

Our Marketplace is where customers and third-party developers are creating and sharing their own templates, workflows and reports to be used with Silverfin. We understand that accounting is a universal language but each country, and even each accountancy firm, has its own unique ways of working. You've invested a lot in refining them over time. You've probably also created your own reports or services for your clients. This is part of what makes your firm unique. So that's why we've given you an easy way to digitise these unique workflows and services within Silverfin. Here you can get to know our technology partners and their solutions.

For all the knowledge, ideas and tools you need to become a connected accountant join us at Fast Forward Studio.

register here