Findings from accountancy survey build a picture of the practice of the future
LONDON, February 1, 2012 –Accountants are hungry for applications that allow on-the-go access to the data they need to make decisions and run their practices, according to new research by Thomson Reuters Digita, a leading provider of accountancy practice software.
Digita, part of the Tax & Accounting business of Thomson Reuters, conducted the ‘12 Digita Days in December’ poll to gauge attitudes and opinions on a wide range of technology related issues. The survey comprised twelve questions on various topics including integration, iXBRL, time saving and how software adds value to the contemporary practice.
The survey attracted 432 responses from a cross section of firms:
- 55% sole practitioners
- 30% from mid tier firms with between two and five partners
- 15% from large firms with 6+ partners.
Many of the responses focused on the integration of practice software with mobile tools - confirming the view that tax and accounting professionals are increasingly adopting web-based and mobile applications in a drive towards greater efficiency and productivity.
Representative answers included:
- Ability use practice application software on an iPad
- Links with Outlook and BlackBerry
- Integration with Windows Messenger
- Integrated document capture
- Voice recognition capability
- Easier recording of client’ phone calls
Interestingly, only two respondents suggested a requirement for Cloud and online practice software, suggesting that accountants have still to be persuaded of the benefits. “Our results suggest that accountants are increasingly looking for added integration with their day-to-day mobile applications to maximise efficiency,” said Andrew Flanagan, managing director, Digita for the Tax & Accounting business of Thomson Reuters. “It is crucial to understand the changing needs of the profession and this survey is just part of an ongoing dialogue to ensure that Digita applications deliver the innovative functionality the profession demands.”
About Digita Software
The Digita Professional Suite is an award winning tax and accounting software platform provided by the Tax & Accounting business of Thomson Reuters, the leading provider of technology and information solutions. The Tax & Accounting business of Thomson Reuters has more than 4,000 employees across the United States, Europe, and India. We are the industry leader in software and Web-based products and services that provide total business automation solutions for accounting firms in the areas of tax compliance, firm management, and client services. For more information, go to www.digita.com/aweb
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, go to www.thomsonreuters.com.
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