It was great to see lots of people at the event this week. I found it useful and thought provoking when it comes to the future of accountancy and how our world looks in the short to medium term.

Here are some salient quotes that I took from the day:

Panel One: How technology will affect the next decade.

  • “We need to look at what else can we bring to table above the numbers” Abby Obomighie, Head of Financial Planning, Hitachi 
  • “We’ve got to work out what we want to be famous for..” James Poyser, CEO, inniAccounts 
  • “There is a skill set shortage that needs to be addressed as we bring people up the career path and training them in new world skills.. from the bottom up” Kati Arndt, Associate Partner, IBM

Panel Two: Future workforce - Diversity

  • “Leaders need to think...Not do the work there today but focus on where the work will come from tomorrow” Heather Self, Partner, Blick Rothenberg
  • “Accounting is as much a social economic subject... and we need to promote it as bigger than spreadsheets and IFRS regulation” Prof Christopher Humphrey, Manchester Business School
  • “The onus sits predominantly with firms to develop the skills gap and education” Joanne Richie, Head of Early Careers, Grant Thornton 

Panel Three: Future accountancy in the business landscape

  • “The longevity of the professional.. are we really preparing ourselves for the future purchasers of our services?” John Morris, Partner, Smith & Williamson
  • "Perfect storm for change... scared or not, I’m sorry you have got to get with the program..What can we do with the data to create new revenue streams" Becky Shields, Partner, Moore Kingston Smith
  • “You want people who are problem solvers..that will keep us in business in the next ten years. We give away loads of insight, the challenge will be charging for that insight” Scott Knight, Head of Audit, BDO
  • “Bookkeeping, compliance, tax & payroll could be automated.. but you have to bring the clients and staff on the journey” Daniel Teacher, CEO, T-Tech

Now we have all spent the day listening to the above, what do we do next?

WGT06067MicrosoftTeams-image (77)WGT06122MicrosoftTeams-image (79)

OTHER NEWS

Can we call it a day with email?

It was recorded that 293.6 billion emails were sent per day in 2019. Just think about that for a minute. That’s almost 150,000 emails sent in the minute you spent thinking.

READ MORE

The T-Tech COVID-19 journey – what have we learnt so far?

Just a mere 12 weeks ago, our lives were turned upside down when a world pandemic reduced us to staying in our homes. As we adjusted to declining social arrangements, wearing masks to the supermarket, and trying to home-school our kids; we also...

READ MORE

T-Tech win MSP Industry Specialist Award second year in a row

We are delighted to announce we have won the Industry Specialist Award for the European MSP Innovation Awards, for a second year in a row! 

READ MORE

Thinking about a return to the office? What's your plan?

Following the recent government announcement, many businesses are in talks about returning to the office. Although the novelty of working from home is wearing off, it's not going away anytime soon. But it's important that if you do decide to...

READ MORE

Staying safe and staying connected

In a featured article for the Digital Accountancy Show Knowledge Hub, we share our key 3 elements to a successful remote working structure.
READ MORE

Why you shouldn't be cancelling meetings

You may have heard of the outbreak of the coronavirus in China, and how it’s quickly spreading to other countries around the world? If you haven’t, it’s time to start sanitizing! But we are almost sure most people are aware of it and are taking...

READ MORE

Is your workplace COVID-19 proof?

As the talk of COVID-19 continues to challenge us all on how and where we work, Microsoft continue to support customers in order that they can go about their daily work as normal. Regardless of whether you’re a managed or unmanaged Microsoft...

READ MORE

T-Tech launch accountancy portal solution called Practice Gateway

We are very excited about the launch of our brand new portal product we have called Practice Gateway.

READ MORE

Practice Gateway: The Accountancy Portal Explained...

Accountancy practices spend a lot of time collecting data from their clients. This especially applies to their personal tax clients who require a tax return. The accountant asks their clients to send data about their personal taxes – how much...

READ MORE

12 Top Cyber Security Tips to Prevent Attacks

We have seen many sophisticated attacks on networks recently, and we want to ensure you know what to look out for, in order to prevent a cyber attack from hitting your business. 

READ MORE

Cyber Security 101: What you need to know

We are entering unprecedented times where cyber security attacks are on the rise, and not taking action is no longer an option. As we surge into a world that revolves entirely around technology and the internet, education is key to preventing...

READ MORE

9 Helpful Teams Meeting Tips

We love Microsoft Teams for so many reasons - not just because of our added telephony functionality, but also because of the various features it maintains, which continues to bring us so many business benefits.

READ MORE

T-Tech star team complete 550km bike ride for Norwood charity

After a tough but thrilling week, 4 of the T-Tech team are proud to have completed a 550km bike ride along the West Coast of the USA.

READ MORE

T-Tech earns inaugural EP 51 ranking from prestigious MSP 501 Program

T-Tech has been named as one of EMEA’S premier managed service providers on the inaugural Channel Futures European Partners 51 (EP 51) rankings.

READ MORE

Alleviate IT headaches

Determining whether outsourcing your IT is the right choice for your business can be a tricky decision. You might have your own in-house IT team and you might not have ever entertained the idea of having an external provider manage IT in your...

READ MORE

T-Tech growth leads to office move

We are delighted to have officially moved into our new office! Now residing in Angel, we have expanded our office space following new advancements and growth at T-Tech.

READ MORE