Se ha denunciado esta presentación.
Utilizamos tu perfil de LinkedIn y tus datos de actividad para personalizar los anuncios y mostrarte publicidad más relevante. Puedes cambiar tus preferencias de publicidad en cualquier momento.
For More Information
CCHGroup.com/PreparednessSurvey
2015-0163-1 © 2015 CCH Incorporated and its affiliates. All rights re...
Próxima SlideShare
Cargando en…5
×

Charting a Course for the Future [Infographic]

1.059 visualizaciones

Publicado el

For today’s firm, change is constant. The ever-evolving realities of the profession inspired Wolters Kluwer to explore two major questions in our 2014 Accounting Firm Preparedness Survey. First, what trends will have the most significant impact on accounting firms and their clients over the next five years? Second, how well prepared are accountants to take advantage of these trends?

Publicado en: Empresariales
  • Sé el primero en comentar

Charting a Course for the Future [Infographic]

  1. 1. For More Information CCHGroup.com/PreparednessSurvey 2015-0163-1 © 2015 CCH Incorporated and its affiliates. All rights reserved. Charting a Course for the Future For today’s firm, change is constant. The ever-evolving realities of the profession inspired Wolters Kluwer to explore two major questions in our 2014 Accounting Firm Preparedness Survey. 1. What trends will have the most significant impact on accounting firms and their clients over the next five years? 2. How well prepared are accountants to take advantage of these trends? The responses were telling. Fewer than 1 in 5 survey participants (18%) report feeling “very prepared” to take advantage of the profession’s most significant trends. What are these firms doing that others aren’t? 18%Very Prepared Very Prepared Firms These firms report feeling very well-equipped to shoulder a future filled with changes in people, processes and technology. The Very Prepared vs. the Less Prepared These two groups are largely similar except for their attitudes towards technology. FIRM SIZE — Number of Employees Very Prepared Less Prepared 69% <50 71% <50 29% 50+ YEARS IN THE PROFESSION Very Prepared 43% <10 Years 57% 10+ Years Less Prepared 43% <10 Years 57% 10+ Years FIRM SERVICES Less Prepared IndividualReturns 86% Non-IndividualReturns 77% ConsultingServices 68% Very Prepared IndividualReturns 82% Non-IndividualReturns 80% ConsultingServices 69% FinancialAudits 79% FinancialAudits 78% ATTITUDE TOWARDS TECHNOLOGY — Technology is having a very significant impact on my firm Less PreparedVery Prepared On average 69% On average 37% Getting Results from Technology SPEED OF INVOICING from initial client engagement From the onset of a client engagement, “Very Prepared” firms are able to put cash in the bank 10 days faster than “Less Prepared” firms. Very Prepared 14DAYS Less Prepared DOES YOUR FIRM HELP CLIENTS TAKE ADVANTAGE OF THESE TRENDS? GROWTH OBJECTIVES — Growth of 6% or more over the next 3 years “Very Prepared” firms make a concentrated effort to think ahead, anticipate future needs and use technology to be more productive and profitable. Technology will definitely have a major impact on: Benefits achieved/expected from the mobile solutions: Technology integration will definitely have a major impact on: Very Prepared 51% Less Prepared 44% 87% 38% Information Security “Very Prepared” firms are better equipped to understand and anticipate client needs and help their clients manage critical business issues. 36% Increasing Regulatory Complexity 84% 34% Digital Mobility Demands 77% Very Prepared Less Prepared TREND NUMBER 1 TREND NUMBER 5 TREND NUMBER 2 Increased Focus on Client Service Social Media as a Business Tool Technology Integration Challenges Very Prepared Less Prepared Very Prepared Less Prepared 76% 38% Client retention 58% 55% Improve client service Improve productivity Improve work/ life balance Communication and collaboration 37% 63% Leverage greater use of staff Reduce real estate requirements 27% 37% 40% Accessing, analyzing and applying 3rd party information Achieving competitive advantage Using client-provided information and data Winning new clients 76% 37% Work more at client sites Attract and retain employees 49% 48% Supporting firm’s growth and profitability Managing workflow and increasing productivity 76% 38% 72% 39% 70% 39% 73% 37% 67% 36% 63% 33% 69% 37% Providing more strategic service 41% 40% Expand locations served Increase billable time Creating work products for clients “Very Prepared” firms are more likely to be ready to take advantage of talent management and staff succession planning in the future. TREND NUMBER 3 Digital Mobility Opportunities TREND NUMBER 4 Talent Management & Succession Planning Very Prepared 70% Less Prepared 30% Very Prepared Firms Among “Very Prepared” firms, 69% have already implemented social media as a business tool, and 28% plan to implement it in the near future. Less Prepared Firms Among “Less Prepared” firms, 55% have already implemented social media as a business tool, and 34% plan to implement it in the near future. Overall Only 10% of all firms stated they have no plans to use social media for client service, collaboration or communication. 31% 50+

×