The-key-takeaways-from-Silverfins-Technology-Trends-in-Accounting-2021-research

The key takeaways from Silverfin’s Technology Trends in Accounting 2021 research

The-key-takeaways-from-Silverfins-Technology-Trends-in-Accounting-2021-research
1 minute

What progress have firms made in transforming their business and client services, and how has the pandemic impacted their efforts?

Last year’s research gave us a fascinating insight into the digital transformation of accounting. 76% of firms said then that they expected their main source of revenue to come from advisory services within just five years – and technology was identified as key to success.

So what progress have they made in the last year? It’s time to chart the profession’s progress, measure firms’ digital maturity levels, and assess the impact of the global pandemic.

SF-AT-Research-Report

SF-AT-Research-Report

Download this infographic as a PDF

By increasing their use of technology, firms have made some progress in terms of digital maturity. Digital storage and collaboration on working files, for example, have improved. However, these are relatively basic digital capabilities, and on their own will not help firms to transform their core service delivery.

Firms need to accelerate their progress to ensure their shift from bookkeeping and compliance to advisory services gets back on track. After an extraordinary year of unforeseen delays and re-prioritisation to business continuity, it’s time to put transformation plans into top gear.

More Posts

The Future of Accountants: How AI is Reshaping Your Role

In the future of AI-driven accounting, repetitive tasks like data entry become automated, propelling accountants into strategic advisor roles, showcasing technology’s role in the future ...
Read More

EP 4 – AI: the good, the bad and the ugly | Dan Boyles, First AI

Ahead of 2025’s Digital Accountancy Show, we recorded a special episode with Dan Boyles, Head of AI Technologies at First AI, who will be joining ...
Read More
Cameron Ford on the Tech Academy stage at DAS 2024

Why the value of AI in accounting is much more than ChatGPT

I was delighted to present at the annual Digital Accounting Show on the Tech Academy stage with my colleague Ken Bastiaensen, Director of Special Projects ...
Read More

The transformation: Super speed and flexibility

In the first part of this whitepaper The call to adventure – Understanding the capacity challenges ahead, we established what’s at stake and why it’s ...
Read More
EP 8 – How AI is shaping the future of Silverfin: insights from Martin Nielson and Nick Meerlaean, Silverfin

EP 8 – How AI is shaping the future of Silverfin: insights from Martin Nielson and Nick Meerlaean, Silverfin

AI is playing a pivotal role in the evolution of Silverfin’s products, as outlined by both Nick Meerlaen, Product Manager, and Martin Lysholt, VP of ...
Read More

AI for accounting firms – insights from Silverfin & Gravita

Silverfin recently hosted a webinar to discuss the AI topics covered in our whitepaper, Beyond The Hype: The Real Benefits of AI for Your Accounting ...
Read More
UK Accounting Trends 2025

5 big challenges facing UK accountants in the next 12 months

In this Elite Business exclusive, Silverfin's Phil Hobden explores the biggest challenges set to face the accounting sector in 2025.
Read More
Businesswoman with turtle near stack of coins. Investment victory and success from patience, Slow but stable

The hidden cost of inefficiency in UK accounting firms

Accounting companies depend on precision, expertise, and trust to be successful, but even the most reputable firms undercut their performance due to one persistent issue: ...
Read More
corporation tax calculations

Save time on corporation tax with automated tax compliance tools

Corporation tax preparation has long been a stressful, time-consuming, and error-prone process, and this is especially true when data is managed across systems with mostly ...
Read More

iXBRL Tagging Tool: Ensuring Compliance and Precision in Reporting 

iXBRL, or Interactive eXtensible Business Reporting Language, ensures that financial reports are precise and compliant.  However, the process can be intricate and time-consuming.  Unless you ...
Read More

Navigating AI adoption: insights from Dan Boyles

Discover expert insights from Dan Boyles on successful AI adoption, common mistakes businesses make, and how AI can enhance productivity.
Read More
Businessman using tablet to transfer data on cloud computing, seamless data transfer and strong internet security, server based communication on social networks, servers and storage.

Choosing the best cloud‑based accounting software

UK accounting firms increasingly rely on cloud solutions to stay compliant, efficient and agile. Selecting the right software means balancing regulatory needs, such as Making ...
Read More

Let’s Chat

Scroll to Top