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Build It or Buy It: The Future of Technology in Accounting

Technology has fundamentally changed the way people communicate at home and work.

Many of us can remember when we primarily communicated with coworkers and clients by talking directly to them. We met face-to-face or spoke on the telephone with some mailed or faxed correspondence when necessary.

Today, you may collaborate with clients and colleagues worldwide using instant messaging, document sharing, video conferencing and workflow tools. We have seemingly limitless options for transferring information from one person to another.

The sheer number of applications used in an accounting firm can be overwhelming. Different vendors provide different pieces of the audit and tax process. No one vendor provides a holistic solution covering audit and tax, document management, workflow, practice management and more. So it’s not surprising that firms consider building a custom solution to address many of those needs.



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