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How accounting firms in the UK and beyond can keep pace with rapid industry changes

Author: Suralink

Published: 29 May 2024

List management solution provider Suralink, shares tips on how accountancy practitioners can cope with rapid technological change.

We all know that change is a constant, both in the grand scheme of things and in the work that professional service providers do. But, the constant of change isn’t so constant anymore; it’s accelerating, and that leaves many practises in the United Kingdom and beyond wondering how to keep up with it all. Changing workplace conventions, the continuing digitisation of engagements, and clients’ changing paradigm of what a professional interaction is all constitute a change challenge not just of pace, but of scale.

However, though a rapidly changing world presents many challenges for accounting firms to contend with, there are a few principles that hold just as true now as they did when the scale and rapidity of change weren’t quite as intense. Here are three examples of what we mean:

See what leaders are doing

This tip may seem as obvious as tips come, but you might also be surprised at how many firms and practitioners stubbornly stick to what they know, not what successful peers are executing on. No matter which boat you think your practise belongs in, though, it never hurts to tune into the information and conference spaces most trusted by peers to see what is not just being discussed, but implemented.

Even in this digital day and age, it can be difficult for such ideas and practises to be shared widely. Thus, it’s always beneficial to take the time to delve deeper and see what the talk of the proverbial town is. Which methods are winning clients over with their audits, internal or external? What about in tax, consulting, or security spaces? Keeping up with the curve will ultimately empower you to stay ahead of the curve, and your clients will be grateful for it.

Evaluate changing workplace expectations

Another vital key to keeping pace with industry changes is being able to read the room when it comes to employees. Workplace culture continues to change, with many professionals opting to work in hybrid or remote conditions. Knowing which setup best suits your needs translates into both a better work and client experience by reducing manual tasks and allowing employees more flexibility.

Choose technology that’s ahead of the curve

The third and final piece to consider here is investing in the technology that allows you to continuously keep pace with that aforementioned factor of scale.

What form might that technology take? Even with all this change in technology and scale happening around all of us, it’s not uncommon for firms across a wide variety of sectors to rely on a surprisingly outdated engagement process: lots of different portals and even more spreadsheets. Such a setup leaves both professionals and their clients open to the mistakes that come with disparate email threads and manual document uploads.

Suralink, the world leader in request list management software, can help accounting firms not only avoid such mistakes, but also provide a holistically improved interaction with a streamlined, all-in-one platform. Our platform empowers all engagement stakeholders to store, validate, and comment on any size or type of file in real time. This synchronisation is key to matching not ‘just’ the pace of change occurring in today’s professional service landscape, but the scale at which that change is happening.

Get in touch with one of Suralink’s experts to learn more about how our platform meaningfully improves experiences for your professionals and your clients no matter the pace of change your practise is facing!