Transitioning into the automated world

With automation quickly becoming more of a reality with each passing day, it is important for Accountants to be ready to transition and evolve into their newest form – consultants and expert advisory.

Our dependence on automated technology is ever increasing, and with the speed at which information can be processed and the ease it can be accessed, accountants now need to position themselves as the point of contact to guide their clients through this.

Automation shouldn’t be something to fear, rather embraced and used to its fullest potential. Those who will perform best in the (not so distant) automated future will be those who outsource the repetitive, tedious tasks, to instead allow more time to focus on important work of value whilst also increase creative output and freedom.

5G mobile internet is just around the corner and is expected to bring speeds of approximately 1Gpbs (1 gigabit per second) which will only help to strengthen the Internet of Things and the fourth industrial revolution.

This transition provides an enormous opportunity for accountants to build their knowledge around more than just financial issues and become consultants on wider business functions. It is an opportunity to future proof not only your client’s businesses but also your own.

If you need more information about how you can utilize automation, take the next step with your business and gain a competitive advantage, feel free to contact us at automate@alxgroup.com.au and sign up to our newsletter to receive the latest in automation advice.