From performing basic accounting functions, to automating repetitive tasks, technology is vital to improving efficiency and productivity within the accountancy sector.

There is no denying that technology can bring a host of challenges. However, the benefits far outweigh the drawbacks. With the right expertise, your firm can learn to make technology work for you.

What are the most common IT challenges in the accountancy sector, and how can you overcome them to benefit your business?

 

Mobility

Challenge: Security

Mobile devices can be extremely useful for accountancy firms, for those using accounting apps, but come with potential security risks. You need to ensure you have a strong cyber-policy to stay ahead of issues.

Opportunities:

  • Increased efficiency and productivity – apps like Xero, QuickBooks and Sage mean that your team can work any time, any place. Instead of sifting through stacks of paper, accountancy can be done at the touch of a button.

  • A faster, more connected workforce – mobile technology helps your team to reach each other, even on the go.

  • Improved customer satisfaction – faster client servicing means happy customers.

 

Cyber-security and business continuity

Challenge: Cyber-attacks

The increase in remote (and mobile) working following Covid-19 has encouraged an increase in cyber-attacks. You need to ensure all data - both internally and externally - is protected.

Opportunities:

  • Protect your data by implementing a strong security strategy and keep your business secure.

  • Reduce risks and costs – monitoring and updating your defences constantly will help.

  • Reduce the risk of downtime and ask the experts for help.



Cloud

Challenge: Qualified resources

As technology is always improving, it’s no longer possible for one team to maintain the relevant expertise to manage all your IT needs. To access qualified resources who can configure, manage, and monitor services like the cloud, you need outside advice. T-Tech can help.

Opportunities:

  • Increased ease of access, scalability, data-sharing and collaboration. 

  • Fewer physical and logical space constraints.

  • Reduce up-front costs – who doesn’t want to save money?

Learn more about the business benefits of cloud accounting in our e-book.

Digital service delivery

Challenge: Client Expectations

As digital service capabilities have improved over the years, customers are expecting more from their accountants. Your firm needs to keep up with the ever-evolving digital landscape in order to meet and exceed client expectations.

Opportunities:

  • Maintain and impress clients – deliver insightful data via digital dashboards and reports.

  • Adapt to modern client expectations and become future-proof – meet the increased tech expectations of Gen Z.

  • Enhance processes, while remaining user-friendly.


Big Data

Challenge: making data work for you

Accountancy firms have extremely large data sets, which are hard to manage, yet very powerful. Your firm might struggle with data that doesn’t talk between systems, or even out-of-date filing systems. Privacy and legal issues may also be a concern.

Opportunities:

  • Increase business effectiveness and lower process costs.

  • Gain access to live dashboards of analytics across practices and departments.

  • Deliver real-time data to clients.

To see your accountancy business thrive, you need to use technology to your advantage. Luckily, T-Tech can help to iron out IT issues. To find out more about how to overcome common IT problems in the accountancy sector, download our e-Book now.

OTHER NEWS

How to gain a competitive edge through a smart IT budget

In this year's Your Business Magazine, our latest feature reveals what you should be spending your IT budget on in 2022, with 5 key elements to help you reach your business goals. 

READ MORE

Automation is shaking up the accounting profession, here’s how

Automation has for too long been plagued with the consensus that it is complex and complicated, whether that be it is too difficult to install or will take jobs away from staff. 

READ MORE

6 target areas to keep cyber defences strong and the hackers at bay

Now more than ever, businesses both large and small must proactively maintain their cyber security, to prevent data breaches and the high cost that comes with it. In 2021, there were three times as many ransomware attacks in the first quarter alone,...

READ MORE

Fire up 2022 with these latest Office 365 tips

Office 365. The best of breed, modern workplace, cloud solution. This powerful platform is driving productivity and efficiencies to new levels. Can you imagine hybrid working now without these tools?

READ MORE

The wait is over. Your T-Tech 2021 Wrapped is here.

What a rollercoaster year it’s been for the T-Tech team. What started off a bit bleak in our secluded home offices, turned into a bright and prosperous year with lots to be thankful for.

READ MORE

The business benefits of cloud accounting

In the digital era, it is vital that accountancy firms modernise, in order to keep up with increasing consumer demands. Investing in cloud accounting solutions is an effective way to increase your efficiency and streamline your operations.  

READ MORE

An award winning night for T-Tech at the ITE Awards

In the 12th year of the prestigious European IT & Software Excellence Awards, T-Tech were crowned with the Innovating Managed Service Solution of the Year award. 

READ MORE

Strong IT Systems + Tech Savvy Accountants = Safe, Secure and Satisfied Clients

READ MORE

Level up with Windows 11

The wait is over. Windows 11 has launched today – 5th October – and if you’re on a Windows 10 PC, you are eligible for a free upgrade right now.

READ MORE

Perfect an Accountancy IT Strategy with Document Management

The most complimentary things we hear accountants say about their practice’s Document Management system are: “It's all right” & “It does the job.” Read on to learn why and how this must change.

READ MORE

Zoom vs Teams: Tale as old as time, but is there really a winner?

Since the start of the great shift to working from home, we have all become very familiar with two essential collaboration & communication platforms: Zoom and Teams. Naturally, this has led to an obsession of pitting the two against each other in a...

READ MORE

T-Tech ranked for fourth year on Channel Futures prestigious MSP 501 list

For the fourth year running, T-Tech is delighted to be named as one of the world’s premier managed service providers in the prestigious 2021 Channel Futures MSP 501 rankings.  

READ MORE

7 common cyber security mistakes that are easily fixable

Cybercriminals and hackers are always trolling businesses. They exploit common mistakes and flaws to systems, then steal or hold the business ransom. These scenarios are increasing and at an alarming rate, so don’t let your business be an easy...

READ MORE

Your Business Magazine: 5 top tips to solve your IT headaches

In an exclusive feature for 2021's Your Business Magazine, we spill our secrets on the long-term monetary savings and gains in efficiency, when IT is handled by the right people. 

READ MORE

Getting good foundations in with T-Tech

In an exclusive interview with Chris Cairns, partner at Alliotts LLP, Chris reveals what it's like to work with T-Tech as their MSP, how they collaborate across the business, their reaction to Covid-19, and what the future of technology looks like...

READ MORE

From remote to hybrid: the flexible future of work

Hybrid working. Something that was rarely discussed before the pandemic began. Now, hybrid and flexible working is almost a given across most industries. Collaboration is crucial as we move toward the hybrid format, and businesses need to reimagine...

READ MORE