The long heralded replacement of bean counting with automated software in the accountancy world appears to be happening on a scale that will force many currently in that market into different careers.
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Driving change is not just the increasing hassle of compliance requirements but also the option to make the technology take the strain.
Vendors including Sage and Pegasus have been encouraging customers to use the technology to handle straight forward accounting procedures to free up accountants time to strategise and add value to the business.
In research carried out by E-conomic 84% of those accountants quizzed saw their roles in the next five years evolving to put them into positions of advising firms on tech issues to improve profits and efficiency.
A large proportion, 40%, also saw themselves in a roving digital advisor role inputting on information gathered in the cloud rather than sitting in a specific office location in a designated department office.
Anders Bjornsbo, E-conomic’s operational director and UK country manager, said that the indications that accountants were keen to use technology were encouraging for their future job prospects.
“The need for accountants to embrace technology, and the speed of change brought about by online technology has been the elephant in the room for too long,” he said.