In preparation for 2025 and beyond, accountant Roman Kepczyk has shared his Top 10 Technology Predictions for accounting firms to consider. The predictions include a surge in generative AI adoption, an elevation of cybersecurity response, and a shift towards cloud-based applications for all firms, among others.
Kepczyk emphasizes the importance of firms embracing technology to stay competitive and improve efficiency. He highlights the need for firms to integrate remote, hybrid, and outsourced employees through reliable collaboration platforms and stresses the significance of digital datafication in accounting processes.
In addition to the nine predictions, Kepczyk also sought input from AI tools to identify a potential tenth prediction. Options included blockchain revolutionizing record-keeping, increased demand for RegTech for sustainability reporting, and the use of AR/VR for visualizing financial data and conducting virtual audits.
Reflecting on his predictions for 2024, Kepczyk graded himself with 6 wins, 3 draws, and a loss, indicating that most of his predictions were on track. Some successful outcomes included increased adoption of Microsoft Copilot, growth in firms adopting managed security solutions, and the continued transition to cloud-based applications.
Overall, Kepczyk’s insights aim to guide accounting firms in leveraging technology to enhance their operations, improve client services, and adapt to the evolving landscape of the industry. It is essential for firms to prioritize skill transformation, digital datafication, and technological advancements to stay competitive in 2025 and beyond.
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