Afleveringen
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Tech β A Force for Good or the Death of Accountants? In this episode of the Accounting Influencers Podcast, host Rob Brown delves into the critical topic of technologyβs impact on the accounting profession. With automation, AI, and machine learning reshaping how accountants work, the big question is: Is tech a savior or a job killer?
Rob breaks down what this technological revolution means for accountants today and in the future, exploring both the opportunities and the risks. For firms and professionals who embrace these tools, the future looks bright. But for those who resist? The outlook may not be so promising.
Key Takeaways:
AI & Automationβs Impact on the Profession: While some accounting tasks are being automated, the shift opens doors for higher-value, advisory roles that AI canβt replicate yet.
The Value of Soft Skills: As automation takes over manual tasks, accountants who focus on client relationships and strategic thinking will thrive.
The Need for Tech Adoption: Firms that invest in and adopt the right technology will remain competitive, while those that donβt risk being left behind.
Leadershipβs Role in Guiding Tech Transformation: Leaders must set an example by embracing tech and fostering a learning culture within their firms.
If youβre serious about future-proofing your career and firm, now is the time to take action. Embrace the changes, invest in technology, and focus on developing the skills that will set you apart. Drop your thoughts in the comments or email us with your stories about how your firm is handling the tech revolution in accounting. Don't forget to subscribe and share this episode with your colleagues who need to hear this important conversation!
The Accounting Influencers Podcast (AIP) is aimed at accounting firm leaders, managers and partners looking to build their executive presence, influence and credibility both internally and externally. The show focuses on helping professionals strengthen their personal brand, stay informed about industry changes, and navigate disruptive forces affecting accounting business models and trends. The content includes solo insights from host Rob Brown as well as interviews or panel discussions with industry leaders. Check out the show on your preferred podcast app or platform, or go to the Accounting Influencers YouTube channel for all of the episodes in video format. https://youtu.be/lsJS9hxhv5E
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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Conferences are back, but are you truly getting value from them? In this episode of the Accounting Influencers Podcast, host Rob Brown dives into 10 powerful strategies to ensure your time, money, and energy at accounting and tech conferences translate into real returns. Whether you're a leader, manager, or influencer in an accounting firm, these tips will help you build your personal brand, strengthen your network, and find actionable insights to bring back to your team.
If you've ever left a conference wondering if it was worth it, this episode is for you. Rob shares practical advice on setting clear goals, networking with purpose, evaluating tech solutions, and ensuring your learnings translate into real business outcomes.
What Youβll Learn in This Episode:
Why accounting professionals often fail to get ROI from conferencesβand how you can avoid common mistakes.The importance of setting clear objectives before attending any event.How to research speakers and attendees to target meaningful connections.Why being strategic about networking and participation is key to standing out.How to leverage conference tech tools for scheduling, learning, and staying engaged.Actionable tips for sharing knowledge with your team to maximize firm-wide impact.The importance of evaluating conference success against your initial objectives.Who Should Listen?
This episode is a must-listen for:
Accounting leaders, managers, and influencers looking to maximize the value of conferences.HR and talent professionals seeking to enhance recruitment and retention strategies.Anyone in accounting interested in building their personal brand and strengthening their network.Quotes from the Episode:
βAre you wasting time and money at conferences? Itβs time to change that.ββNetworking isnβt about how many people you meetβitβs about who remembers you and why.ββEvery conference is an opportunity to amplify your personal brand and influence.βCall to Action:
Follow Accounting Influencers on LinkedIn for more of this content. And watch this episode on Youtube here:
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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Zijn er afleveringen die ontbreken?
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In this episode of the Accounting Influencers podcast, Rob Brown discusses the recent layoffs in the accounting profession, particularly among the big four firms and software providers. He explores the reasons behind these layoffs, the evolving skill requirements for accountants, and the new opportunities that arise from these changes. The conversation emphasizes the importance of continuous learning, adaptability, and thought leadership in navigating the current landscape. Additionally, Rob addresses the implications for the talent pipeline and offers insights for leaders on how to manage their teams during this period of disruption.
Key Takeaways
Layoffs in accounting are reshaping the profession.AI and automation are driving job changes in accounting.Accountants must develop technology and data analysis skills.The demand for advisory services is increasing.Continuous learning is essential for career longevity.Thought leadership is crucial for career advancement.Layoffs create mentorship gaps in firms.New career paths are emerging for laid-off accountants.The talent pipeline may be affected by perceptions of instability.Leaders must navigate change with empathy and transparency.Watch this on Youtube: https://youtu.be/2BaxT8xZQqY
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencers Podcast, Rob Brown emphasizes the critical role of personal branding for accounting professionals. He discusses how a strong personal brand can differentiate individuals in a competitive field, enhance visibility, and open doors to new opportunities. The conversation covers the importance of creating content, engaging with audiences, and maintaining authenticity and consistency in branding efforts. Ultimately, Rob encourages accountants to leverage their influence to drive positive change within the industry.
Key Takeaways
If you're relying solely on technical skills, you're falling behind.Building a standout personal brand can catapult you ahead.Influence is becoming as important as expertise in accounting.Your personal brand communicates your unique value and perspective.Trust is at an all-time low; influence is a precursor for trust.A strong personal brand accelerates career advancement.Consistency in content creation is key to maintaining influence.Engaging in conversations enriches your perspective and influence.Authenticity strengthens your influence and attracts people.Personal branding is about driving positive change and storytelling.β£βββββββββββββββββββββ’
The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencers podcast, Rob Brown discusses the significant shifts occurring in the accounting profession, particularly the decline of the traditional partnership model. He emphasizes the need for firms to adapt to a corporate business model led by a CEO, driven by the growing influence of private equity. The conversation highlights the importance of technology, strategic leadership, and innovative hiring practices in shaping the future of accounting firms. Rob provides actionable strategies for aspiring leaders to enhance their influence and authority within their firms, advocating for modernization and collaboration.
Key Takeaways
The partnership model is increasingly seen as outdated and ineffective.Firms must adapt to a corporate model to remain competitive.Private equity is playing a significant role in transforming accounting firms.Technology and automation are essential for future growth and efficiency.Leaders should focus on long-term firm success over individual gain.Understanding the impact of private equity is crucial for strategic positioning.Specializing in niche industries can enhance a leader's value.Collaboration across departments is vital for firm growth.Innovative hiring practices can shape the future of accounting firms.Leaders must anticipate industry shifts to drive change.Watch on Youtube here: https://youtu.be/aQ6YzA87wMc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this episode of the Accounting Influencer podcast, Rob Brown discusses the transformative power of public writing for accounting professionals. He emphasizes that writing in public can set individuals apart in their careers, enhance their reputation, and establish them as thought leaders in the industry. Rob addresses common fears associated with writing and encourages accountants to share their insights and experiences. He highlights the long-term benefits of consistent writing, not only for personal branding but also for the reputation of their firms. The episode concludes with practical tips for getting started with public writing.
Key Takeaways
Public writing can transform your career and reputation.Most accounting professionals fear writing in public.Writing publicly helps establish thought leadership.Everyday insights from your work are valuable to share.Consistency in writing leads to increased visibility.You can start writing even when no one is watching.Fear of judgment should not hold you back from writing.Building a personal brand benefits both you and your firm.Public writing can attract new clients and opportunities.Engaging in public writing sets a tone for leadership in your firm.Check out the show here on youtube: https://youtu.be/84xauQnfUjc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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How well-equipped is the accounting profession to handle rapid technological advancements and a changing workforce? Are firms ready to embrace the future or stuck in outdated models?
Rob Brown hosts an expert panel featuring Todd Robinson, Angie Grissom, Itamar Jobani, and James Hickey to discuss the future of the accounting profession. The conversation explores critical challenges facing accountants today, such as adapting to technological changes, AI integration, talent retention, and shifting towards a more advisory-based role. The panel shares their unique insights on how firms must navigate cultural shifts, embrace leadership, and rethink their traditional business models to stay competitive.
The discussion also highlights the necessity of upskilling accountants and the role of technology in shaping the future. The panel dives deep into the transformative impact of AI, the benefits of a corporate rather than partnership model, and how firms can move from good to great by telling better stories and offering more personalized advisory services. They also emphasize the importance of attracting and retaining talent in a profession undergoing rapid change.
Key Takeaways:
β The accounting profession faces a critical people problem with talent shortages, driven by long work hours and declining interest from younger generations.
β Contrary to fears, AI will not replace accountants but will enhance their roles by automating mundane tasks and enabling them to focus on strategic advisory services.
β Strong leadership and innovative culture are key to moving accounting firms from good to great. Firms must empower young talent and create a strategic approach to problem-solving.
β Accountants need to stop fearing technology and start viewing it as an enabler that helps streamline operations and enhance client service.
β The outdated partnership model should evolve toward a corporate structure, enabling firms to be more agile and strategic.
Quotes:
"Your top clients are your competitors' top prospects. Are you showing up as their trusted advisor?" β Angie Grissom
"AI won't kill the accounting profession; it will free accountants to do the work that really matters." β Itamar Jobani
"Firms need to stop doing what they've always done and rethink what it means to add value in today's market." β James Hickey
"The biggest threat? Talent. The next generation doesn't see accounting as sexy, and we need to change that." β Todd Robinson
View this episode in video on YouTube here: https://youtu.be/JLCm3FGilXk
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
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Are accountants ready to tackle the future, or will technology leave them behind? What major shifts are disrupting the profession, and how can accountants stay relevant?
Rob Brown leads a lively discussion with an international panel of accounting professionals: Dr. Anton Lewis, Kelly Mann, Sabby Gill, and Eriona Bajrakurtaj. Together, they discuss the pressing challenges and emerging opportunities facing the accounting profession today. The conversation goes through how technology, particularly AI, is reshaping the landscape and what firms must do to stay competitive. The panelists also discuss the generational divide in tech adoption, the shortage of accounting talent, and the evolving role of accountants from traditional number-crunchers to strategic business advisors.
The debate highlights the need for accountants to embrace innovation, improve client communication, and network with peers for knowledge sharing. As the profession moves forward, the panelists emphasize the importance of staying agile, adapting to technological advancements, and rethinking the skill sets accountants need to thrive in a rapidly changing environment.
Key Takeaways:
β Firms that donβt adopt technology will fall behind and face extinction in the rapidly evolving accounting landscape.
β Younger generations are more adept with tech but lack real-world experience; older generations need to catch up to new tools.
β Accountants must see AI as a partner to enhance efficiency and service, rather than something that will replace them.
β Moving beyond compliance, accountants need to focus on strategic advice and deeper client relationships.
β Breaking down the silos within the profession can foster collaboration and innovation, helping accountants provide better services.
Quotes:
βIn adversity, there is advantageβaccountingβs crisis is your opportunity.β β Anton Lewis
βAccountants need to stop being generalists and start specializing.β β Kelly Mann
βTechnology is here to complement, not replace usβletβs use it to provide better services.β β Eriona Bajrakurtaj
βIf you donβt adopt technology now, youβll become the laggard of the industry.β β Sabby Gill
βThe professionβs future lies in moving from compliance to deep, proactive client engagement.β β Rob Brown
View this episode in video on YouTube here: https://youtu.be/I9hLkQMp2G4
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
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Is private equity killing or saving public accounting? What does the future hold for the accounting profession in the age of PE and AI?
Rob Brown sits down with Tim Brackney, CEO of a private equity-backed accounting and advisory platform, to discuss the impact of private equity on the accounting profession. With a background in professional services and a current role at the intersection of PE and accounting, Brackney offers a unique perspective on the challenges and opportunities facing the industry.
The conversation delves into the current state of the accounting profession, highlighting the critical talent shortage and the evolving expectations of the younger workforce. Brackney shares his thoughts on how private equity is reshaping the traditional partnership model, driving efficiencies, and potentially offering solutions to long-standing issues in the industry. The discussion also touches on the interplay between private equity and artificial intelligence, and how these forces might shape the future of accounting.
Key Takeaways:
β Private equity is not killing public accounting, but rather offering potential solutions to existing problems
β The accounting profession is facing a critical talent shortage, with fewer people entering and staying in the field
β Private equity is creating both turbulence and opportunities in the accounting industry
β The traditional partnership model in accounting firms is being challenged by new structures and expectations
β The combination of private equity and AI could drive efficiencies and change the focus of accounting professionals
Quotes:
"Private equity is not killing public accounting. Public accounting, I think, was killing public accounting."
"Talent's looking for a different way to operate. They want more flexibility. They want more ownership."
View this episode in video on YouTube here: https://youtu.be/_FML6KBXYt8
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is the accounting profession ready for its biggest transformation yet? With AI, private equity, and a talent shortage, how can firms stay competitive?
Rob Brown is joined by top accounting leadersβAnthony Pugliese, Mark Edmondson, Philip Whitman, and Randy Crabtreeβto discuss the shifts happening within the accounting profession. From technological advancements like AI to the increasing focus on ESG reporting, the panel explores the challenges and opportunities that lie ahead for accounting firms.
The discussion covers critical issues such as the talent shortage, the evolution of accounting into advisory roles, and the pressure on firms to embrace digital transformation. Despite the challenges, the panelists are optimistic about the future, highlighting how firms can adapt by upskilling, embracing technology, and changing traditional mindsets around compliance and billing models.
Key Takeaways:
β The profession is moving rapidly toward automation and AI, but accountants need to adopt these technologies to stay relevant.
β Private equity is increasingly involved in the accounting industry, driving efficiency and digital transformation across firms.
β With 75% of accountants nearing retirement, firms face a significant talent shortage. The profession needs to become more attractive to younger generations.
β The traditional hourly billing model is outdated. Firms must focus on value-based pricing to stay competitive and align with modern business practices.
β To attract top talent, firms must prioritize culture, mental health, and work-life balance, especially in an era where burnout is prevalent.
Quotes:
"We have to stop selling time and start selling value. Itβs about outcomes, not hours." β Randy Crabtree
"Private equity sees accounting firms as the next big thing. The potential for efficiency and profit is immense." β Philip Whitman
"The future of accounting isnβt just about complianceβitβs about being partners in innovation and technology." β Anthony Pugliese
"Accountants need to shift their mindset from risk-averse to proactive if they want to survive and thrive." β Mark Edmondson
View this episode in video on YouTube here: https://youtu.be/p-yr1Htaqmc
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Are you ready for the AI revolution in accounting? Can the profession attract young talent in the face of tech-driven disruption?
In this thought-provoking episode, host Rob Brown brings together industry veterans Bobby Lane, Randy Wootton, Rick Richardson, and Tony Szczepaniak to dissect the evolving landscape of the accounting profession. The panel dives deep into the integration of AI, the looming talent crisis, and the shifting demands of modern clients.
Despite acknowledging significant challenges, including waning interest from younger generations and the disruptive force of emerging technologies, the experts offer a beacon of hope. They provide valuable insights on how accounting firms can adapt to this new reality, leveraging AI to deliver high-value advisory services and capitalizing on the increasing complexity of client needs. This episode serves as an essential guide for accounting professionals looking to navigate the turbulent waters of change and seize the opportunities that lie ahead.
Key Takeaways:
β AI will automate routine tasks, but firms embracing it can provide higher-value advisory services
β The industry faces a critical shortage of young professionals due to competition from tech sectors
β Firms focusing on specialized services or niche markets will be more competitive
β Clients now expect strategic advice and insights beyond traditional compliance work
β The rise of entrepreneurship creates opportunities for comprehensive back-office solutions
Quotes:
"AI isnβt going to replace accountantsβbut accountants who embrace AI will replace those who donβt." β Bobby Lane
"The firms that survive will be those that move from back-office number crunching to front-office business strategy." β Randy Wootton
"Young people arenβt avoiding accounting because itβs boringβthey're choosing careers where they can see the impact of their work faster." β Rick Richardson
"Weβre not asking if change will happen anymore. The conversation now is about when and how." β Tony Szczepaniak
View this episode in video on YouTube here: https://youtu.be/I7NMqA9vZjg
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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How are the most successful accountants navigating the rapid changes in technology, regulation, and talent shortages? What secrets are the top industry leaders using to stay ahead in this ever-evolving landscape?
Rob Brown leads a dynamic panel discussion with industry leaders Randy Johnston, Harry Blum, Jennifer O'Carroll, and Trevor Greenway. They discuss the profound shifts happening in the accounting profession today, from the impact of private equity to the essential role of technology and the future of talent management. The conversation explores through the challenges and opportunities presented by AI, regulatory changes, and the evolving role of accountants as trusted advisors.
The panelists provide actionable advice on how firms can embrace change, enhance their value propositions, and future-proof their businesses. They also discuss the critical importance of upskilling, the integration of technology, and the need for accountants to adapt to a rapidly changing environment. Whether you're a firm owner, a practicing accountant, or someone interested in the future of the profession, this episode is packed with valuable takeaways.
Key Takeaways:
β AI is transforming how accountants operate by automating routine tasks and providing deeper insights through data analysis.
β As technology continues to advance, accountants must develop new skills to keep pace. This includes learning to use advanced software tools, understanding data security, and becoming proficient in data analysis.
β The growing involvement of private equity in the accounting sector is changing traditional business models. Private equity firms bring significant capital and a focus on efficiency, which can lead to innovations but also challenges to established practices.
β The accounting industry is experiencing a shift from compliance-based services to advisory roles. This change is driven by the decreasing profitability of compliance work due to automation and regulatory changes. Firms that want to thrive must pivot towards offering more value-added advisory services, where they can provide strategic insights and guidance to their clients, rather than just focusing on routine tasks.
β A firmβs culture and sense of purpose are key to attracting and retaining top talent. In an environment where competition for skilled accountants is fierce, organizations that clearly define their mission and foster a positive, inclusive culture will stand out.
Quotes:
"Different is not always better, but better is always different." - Harry Blum
"Accountants aren't just number crunchers; they're the key to unlocking business success." - Rob Brown
"The future of accounting isn't about compliance, it's about being a proactive, trusted advisor." - Trevor Greenway
"If you're not leveraging AI, you're already behind the curve." - Randy Johnston
View this episode in video on YouTube here: https://youtu.be/g0ewmI109bE
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world.
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Are AI and ChatGPT revolutionizing business advisory services? How can accountants leverage these tools to deliver more value to their clients?
Rob Brown and Mark Wickersham, an expert in value pricing and AI applications for accountants, tackles the world of ChatGPT and artificial intelligence, exploring how these technologies are transforming the accounting profession, particularly in the realm of business advisory services.
Mark shares his insights on how AI can help accountants overcome time constraints and boost confidence in providing strategic advice. He discusses the potential of ChatGPT for ideation, research, and strategy development, emphasizing that while AI is a powerful tool, it won't replace human expertise. The conversation covers practical applications, best practices, and ethical considerations for integrating AI into accounting workflows.
Key Takeaways:
β ChatGPT excels at ideation, research, and strategy development for business advisory
β AI can help accountants overcome time constraints and confidence issues in providing advisory services
β Accountants need to adapt to AI to stay relevant and maintain a competitive edge
β ChatGPT can analyze financial data and provide insights for client meetings
β The value is in the conversation with clients, not just in AI-generated reports
Quotes:
"AI is not going to replace us. It's how our competitors are going to use AI that's going to replace us."
View this episode in video on YouTube here: https://youtu.be/jFQfxfl1W7A
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is accounting really a dying profession? Or is it on the cusp of an exciting revolution?
Rob Brown brings together a panel of industry experts to debate the future of accounting. Despite current challenges, the panelists paint a picture of a profession ripe with opportunity for those willing to embrace change and innovation.
The discussion covers critical issues facing the accounting world, including talent shortages, technological disruption, and the need to rebrand the profession to attract new generations. The panelists offer insightful perspectives on how firms can adapt their business models, leverage technology, and create more fulfilling career paths. While acknowledging the hurdles, there's a strong sense of optimism about accounting's vital role in helping businesses succeed and the diverse opportunities available to those entering the field.
Key Takeaways:
β The accounting profession needs to rebrand itself to attract new talent
β Firms should move away from the "minnow management" business model to improve profitability and work-life balance
β Technology vendors need to work more closely with accountants to develop truly useful solutions
β Involving next-gen talent in technology decisions can help drive innovation in firms
β There's a need to make the profession more inclusive and representative of the community
Quotable Moments:
"Accountants are the superheroes of the economy." - Renee Moelders
"The only thing that's consistent in our firm is change." - Andrew Berg
"We need to celebrate the successes and focus on the good things about the profession." - Sona Akmakjian
View this episode in video on YouTube here: https://youtu.be/QjI8E_kI8Z4
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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In this insightful episode, Rob Brown delves into the world of accounting firm valuations and sales with Brannon Poe. They discuss the current trend of consolidation within the industry, driven by the influx of private equity money and the large number of accounting professionals nearing retirement age.
Brannon shares his expertise on the key factors that make an accounting practice valuable and sellable, including profitability, owner hours, location, and specialization.
The conversation explores the various types of buyers for accounting firms, such as individual buyers, private equity firms, and strategic acquisitions by other firms.
Brannon emphasizes the importance of understanding a buyer's motivations and ensuring a good fit, as selling a firm involves more than just financial considerations β it's about preserving client relationships and taking care of staff.
In addition, he also offers practical advice for firm owners looking to maximize their firm's value before a sale, including purging unprofitable clients, raising prices, and focusing on specific service lines. He encourages accountants with an entrepreneurial spirit to consider starting their own niche boutique firm, as it can provide greater control over building a sellable asset.
Key Takeaways:
Location, profitability, and owner hours are crucial factors in determining an accounting firm's value and saleability.Specialization and avoiding being a generalist firm increase efficiency and profitability, making a firm more attractive to buyers.Understanding the motivations and fit of potential buyers (individual, private equity, or strategic acquisition) is essential for a successful sale.Purging unprofitable clients, raising prices, and focusing on specific service lines can significantly increase a firm's value before a sale.Starting a niche boutique firm can be a viable option for entrepreneurial accountants, allowing them to build a sellable asset tailored to their vision.Quotes:
"If you've got low owner hours and high profitability, you're going to command a more premium price for your firm, and it's probably going to sell faster." - Brannon Poe
"If you're wired a certain way, you're going to do (DO WHAT?)it anyway. So just go ahead and do it sooner rather than later." - Brannon Poe
View this episode in video on YouTube here:
https://youtu.be/MZwyyxsbkUs
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers. To participate in our international virtual speed networking events for the accounting community, book your place at the next gathering. Great for building your personal brand and making valuable industry connections in return for a small donation to charity: https://accountinginfluencers.com/events
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Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to...
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Is the accounting profession facing extinction or evolution? What does the future hold for accountants in a world of AI and rapid technological change?
Rob Brown engages in a lively discussion with industry experts David Osborne, Katie Thomas, and Tom Hood about the current state and future of the accounting profession. The panel share their thoughts about the challenges that accountants are facing today, including talent shortages, technological disruption, and changing client expectations.
The conversation covers a wide range of topics, from the impact of AI and cloud technology on accounting practices to the need for a cultural shift in how firms treat their employees. The experts share insights on attracting and retaining talent, the importance of embracing change, and why, despite challenges, this is an exciting time to be in the accounting profession. They also discuss the role of marketing, the evolution of accounting education, and the need to rebrand the profession to appeal to a new generation of professionals.
Key Takeaways:
β AI and technology are not threats but tools to enhance accounting practices
β The talent pipeline issue is complex, involving culture, pay, and industry perception
β Firms need to adapt their business models and culture to attract and retain talent
β Marketing is essential for attracting better clients and staying relevant in a changing market
β The accounting profession is undergoing a transformative period, offering exciting opportunities for those who embrace change
Quotes:
"Human capital is an asset, not an expense." - Tom Hood
"We're not tied to a physical location. We have tools and resources that allow us to work from wherever." - Katie Thomas
View this episode in video on YouTube here: https://youtu.be/dOQqmlHZsLI
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Are you ready to unlock the full potential of AI in accounting and finance? How can Azure OpenAI revolutionize the way financial professionals work?
In this special bonus episode of the Accounting Influencers podcast, Rob Brown explores the world of artificial intelligence with Microsoft experts Jas Brar and Matt Quinn. The conversation explores how AI, particularly Azure OpenAI, is transforming the accounting and finance sector, offering new opportunities for efficiency, insight, and value creation.
Jas and Matt discuss the evolution of AI from traditional rule-based systems to more sophisticated generative AI, emphasizing how these technologies can augment human capabilities rather than replace them. They address common concerns about data security and privacy, explaining how Azure OpenAI provides a secure environment for businesses to leverage AI while maintaining control over their sensitive information. The experts also offer practical advice on how accounting professionals can start incorporating AI into their work, from using productivity tools like Copilot to partnering with IT teams for more complex implementations.
Key Takeaways:
β AI is evolving from rule-based systems to more sophisticated, context-aware models
β Azure OpenAI offers secure, private AI capabilities for businesses
β AI can help accountants shift from data crunching to more strategic, value-added activities
β Starting with productivity tools like Copilot can help professionals become comfortable with AI β Successful AI implementation requires considering technology, processes, and people
Quotes:
"I'd rather flip that on its head and that way, you know, I'm more confident in the decision we would want to make based on spending more time getting to the roots of different scenarios on the table." - Jas Brar
"Always start with why, right? How do you think about what, why would I use this technology? It's not technology for technology's sake." - Matt Quinn
View this episode in video on YouTube here: https://youtu.be/gPru_OoGQSY
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is your accounting firm struggling to keep up with technology? Are you curious about how tech adoption could impact your bottom line?
Rob Brown sits down with Joel Hughes of Rightworks to discuss the findings of their 2024 Accounting Firm Technology Survey. They delve into the current state of technology adoption in accounting firms, exploring the challenges and opportunities that come with embracing cloud-based, connected, and collaborative technologies.
Joel shares key insights from the survey, including the surprising statistic that firms on the technology-mature side of the spectrum reported 39% higher revenue per employee than average. The conversation covers topics such as the obstacles to tech adoption, the importance of cybersecurity, and the potential impact of AI on the accounting profession. Joel also emphasizes the need for firms to modernize their practices to gain a competitive advantage and improve client relationships.
Key Takeaways:
β Firms that are technology mature reported 39% higher revenue per employee than average
β The biggest challenges to tech adoption are lack of expertise, resources, and budget
β Cloud adoption can address cybersecurity concerns by providing managed security services
β Only 22% of firms reported a high percentage (75%+) of their clients using cloud technologies
β Firms need to align their technology adoption with their evolving business models to stay relevant
Quotes:
"The shared vision of what you want your firm to be and how you want it to work needs to be enabled by technology." - Joel Hughes
View this episode in video on YouTube here: https://youtu.be/opSSeLuwCZk
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is the accounting profession facing an identity crisis? Can it adapt to meet the demands of a rapidly changing business landscape?
Rob Brown brings together a panel of industry experts to discuss the future of accounting. Jeff Phillips, Maureen Dillmore, Samantha Louis, and Sandra Wiley share their perspectives on the challenges and opportunities facing the profession.
The panelists share their thoughts with various topics, including the talent shortage, the impact of technology, the changing business model, and the need for a rebrand of the accounting profession. They discuss the importance of work-life balance, the role of private equity, and the need for firms to adapt to survive in a competitive landscape. The conversation also touches on the potential of AI, the importance of strategic technology adoption, and the need for better compensation models to attract and retain talent.
Key Takeaways:
β The accounting profession needs to rebrand itself to attract new talent
β Firms need to adapt their business models and embrace change to survive
β Technology integration and strategic adoption are crucial for future success
β Work-life balance and flexible work arrangements are becoming increasingly important
β Private equity is reshaping the accounting firm landscape
Quotes:
"Remote work is a great thing for our profession." - Jeff Phillips
"We need to get over the idea that you can't have a work-life balance if you work for an accounting firm." - Samantha Louis
View this episode in video on YouTube here: https://youtu.be/ZHg0IIw-wyU
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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Is AI reshaping the accounting world? How can accountants harness the power of ChatGPT through prompt engineering?
Rob Brown sits down with Mark Wickersham, an expert in prompt engineering and AI applications for the accounting industry. They discussed the world of ChatGPT, exploring its potential to revolutionize accounting practices and the crucial skill of prompt engineering.
Mark Wickersham shares his journey with ChatGPT, emphasizing the importance of asking better questions to get better answers. He introduces the concept of prompt engineering as a vital communication skill in the AI era.
The discussion covers various aspects of crafting effective prompts, from specifying roles and formats to considering the intended audience. Wickersham also provides practical examples of how accountants can leverage ChatGPT for tasks ranging from financial analysis to content creation, highlighting the tool's potential to dramatically increase productivity and enhance client services.
Key Takeaways:
Prompt engineering is essentially communication with AI systems Good prompts include specifying roles, response formats, and audience considerations ChatGPT can be used for financial analysis, research, and business advisory in accounting firms Mastering prompt engineering can save hours of work and open new opportunities for accountants It's not AI that will replace accountants, but how competitors use AI that may make others irrelevantView this episode in video on YouTube here: https://youtu.be/KTS58DjGvsg
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The Accounting Influencers Podcast, hosted by Rob Brown, is one of the world's leading shows for accounting leaders, professionals, finance specialists, software vendors, tech providers and influencers.
Thanks to our sponsors:
ADVANCETRACK OUTSOURCING. Transform your accounting firm with AdvanceTrack. Our top-tier offshoring solutions free your team from mundane tasks, allowing you to focus on growth and client engagement. Experience seamless scalability and expert support. Visit advancetrack.com and elevate your practice today. https://www.advancetrack.com
ACCOUNTEX. Bringing the accounting world together with UK and international events for the accounting and tech world. https://www.accountex.co.uk
If you'd like to sponsor the show and elevate your brand with our audience, reach out to show host Rob Brown on LinkedIn and his team will reach out to fix up a chat to explore.
https://www.linkedin.com/in/therobbrown
You can also check out all shows on the Accounting Influencers YouTube Channel:
https://bit.ly/AI-youtube
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