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The Future of Technology in Accounting: 2023 Trends



Your firm might consider building software to address a specific problem within

a department.


Your IT department is accustomed to addressing projects with a limited, well-

defined scope. But building software needs to account for complex business

processes that may span multiple departments and require collaboration with

external parties. As a result, your best people will spend countless hours building

a solution that may already exist and is proven in the market.


Not only do you need to maintain that system, but you need to maintain the

people with the institutional knowledge to update and use that system. This was

challenging for many firms during the Great Resignation.


In most cases, an external vendor has already solved the problem hundreds of

times and can bring your firm and its clients the benefits of best practices based

on lessons learned in other firms.


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