The answer is maybe.
The fast track to a successful digital transformation is through becoming a developer accountant. Innovation driven by accountants, with their accounting knowledge and firm experience, is most likely to be successful as they understand what is needed by both their teams and their clients.
Building something completely from scratch by coding yourself is an option but not always a good one. The barriers to entry to doing this, not to mention the risks and associated maintenance, make it unrealistic at best for most firms. It’s also important to balance innovation and creativity with the real need for IT governance.
Accountants should not be responsible for security or error checking for example. Nor should every workflow across the firm be custom. Standardization is key to automation and quality control. However, customization at a firm or departmental level can solidify a particular firms’ USP.
Therefore firms should actively seek out platforms that can not only be tailored, but that actively encourage it. Software providers must simultaneously provide out-of-the-box technology while also making it easy enough for development minded accountants to modify it. By partnering with a software provider like this, accountants are circumventing the need to acquire an entirely new skill set, whilst still achieving their innovation objectives and providing a better service to their clients.
Silverfin has compiled a detailed guide that sets out how its platform works, shows how it helps users to develop on it with Liquid, and explains how the company supports them on their digital transformation journey.
Get started today, kick start your digital transformation and begin to maximize the value that Silverfin provides your firm.