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How Much is Complexity Costing Your Firm?



Technology is central to a CPA firm and how it delivers service to its clients. While that’s true for many businesses, the accounting profession is unique because of the various services firms provide. Tax, audit, advisory, consulting, and client accounting services have unique needs, as do internal resources such as marketing, HR, and admin.


According to Hitendra R. Patil, President of Global F&A Outsourcing Services at Datamatics

Business Solutions, Inc., there are over 1,200 different technology solutions and products that accounting firms and their clients use, and mid- sized firms might use as many as 70 solutions. Each piece of software serves a specific purpose:


client communication, workflow management, tax preparation, audit workpaper organization, data analysis, bookkeeping, marketing, people management, tracking fixed assets, payroll and more.


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