The Future of Cloud Accounting Technology Conference recap

1.
ERGO Comps, LLC
O: 281.756.7178
www.ERGOcomps.com
Accountex 2019 Conference Recap
September 5‐6th
2019
Hynes Convention Center, Boston MA
Accountex Conference on the Future of Accounting Technology
Hundreds of CPAs, accounting technologists, and solution vendors attended the
2019 Accountex USA fall 2019 conference at the Hynes Convention Center.
Highlights included:
 100+ vendors and solution providers demonstrating the future of cloud
accounting technology across automation, AI, blockchain, and more
 Educational opportunities from industry experts
 Peer networking opportunities
https://www.accountexusa.com/why‐attend‐3/

2.
ERGO Comps, LLC
O: 281.756.7178
www.ERGOcomps.com
Accountex Conference Recap Trends & News discussed during the State of the
Industry Discussion, presentations and panels:
Mandates on the Future of Cloud Accounting Technology
1. Embrace the Cloud model
 “In the fog” versus utilizing the cloud and a
portfolio of apps to drive profitability
 Outsourced Bookkeeping leaders first to widely embrace remote,
virtual work service delivery models
2. Tech‐enabled is changing business
 Mindshift change from hiring to tech‐enabling employees (total
amount spent on tech averages 6% of rev, or $10k per FTE, or $10 per
billable hour, with avg $184k rev/FTE among top 1000 domestic firms)
 Tech‐enabled is automating backoffice, processing, manual tasks, and
commodity services. Replacing commodity backoffice technicians with
technology and shifting technicians to higher value‐added services
 Technology‐enablement is changing client demands
 Tech‐enabled firms are more attractive to recent grads
 Shift from viewing technology overhead cost to COGS enabler
3. Changing the mindset to put the client in the middle of the value
equation versus billable hours model changes how services are billed
and performed.
4. Changing the mindset from hiring star contributors to star performers
 Shift to a Team sport culture versus backoffice technician individuals
 Shift to more Automation and more Advisory creates opportunities for
CPAs as managerial and technology leaders
5. Advisory‐as‐an‐annuity focused on delivering 10X value (recurring
subscription for access to on‐demand resources, professionals)
 Pricing pressure is prevalent.
6. Leveraging the volume of data for analytics beyond financial
statements
 Understanding numbers put professionals into position to advise &
automation beats pencil and paper every time

3.
ERGO Comps, LLC
O: 281.756.7178
www.ERGOcomps.com
About Accountex.
We love options.
In today’s accounting technology market, more options mean more
opportunity. As the leading accounting technology expo in the U.S., we make
exploring over 100+ technology solutions from around the globe easier than
ever.
With live demos theaters and best‐in‐class speakers, Accountex USA is the best
option for accounting professionals who need to keep up‐to‐date on
technology, trends and developments all while earning CPE credits.
Our mission is simple – to build a community where accounting professionals
and solution providers come together to learn, explore, and connect.
See also
 Speakers list @ https://www.accountexusa.com/speakers/
 100+ exhibtors covering the future of accounting technology (Exhibitor List @
https://www.accountexusa.com/exhibitor‐list/)
 Accountex Accounting Technology Ecosystem Version / 2019, 3.3 2018, 2017
 The State of Bookkeeping in 2019 (AccountingToday.com)
 74% of accountants offer bookkeeping services
Accounting Technology Conferences
 Scaling Heights , Salt Lake City, June 2019
 Accountex USA , Boston 100‐+ exhibitors, 500 attendees, September 2019
 Accountex London, recap from AccountancyAge (8k attendees, 200+ exhibitors)
May 2019
 QB Connect, November 2019, San Jose CA
 Digital CPA conferenc,, Seattle, Decemner 2019, DCPA19