There are two big opportunities for the accounting profession:
1. Cloud accounting – this is an opportunity to interact with clients in a different way – a more collaborative approach – focussing more on helping them with their business using real-time information, rather than producing out of date historical accounts.
2. Value pricing – since it is now easier than ever to do the compliance work, any accounting advisor who bills by the hour will see declining revenue and declining profits. There are big benefits of switching to value pricing.
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