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Digital transformation: What it means for accountancy

You may have heard of digital transformation, but what does it mean? And why is it so important for accountancy firms to start the transition of adapting to digital life?

20th Dec 2019
Lead Copywriter Vodafone
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Digital transformation is a valuable opportunity to move away from traditional manual processes to automated systems – improving security and saving both time and money. You can deliver a faster, more streamlined service that customers now expect in the digital age, all while working remotely if you needed to. Plus, you can upskill and empower your workforce, boosting morale and improving the way you work together.

Across the UK, businesses are deploying digital technologies like the cloud, Internet of Things (IoT), 5G and artificial intelligence to encourage collaboration, break down silos, optimise operations and develop new revenue streams.

Over three quarters of UK business leaders surveyed in a Vodafone report at the end of 2018 responded that digital transformation is a strategic priority.

The first step towards a successful digital transformation sits at the top with your firm’s leadership team. They’ll need to work with your team to decide how you’ll be adopting new skills, overhauling existing digital processes, and achieving maximum impact.

Unlock the potential to significantly improve your business performance

Upgrade existing manual processes to be more flexible and efficient

Make the move from physical to digital and cut down time spent on low-value work. Consolidating systems and software and using automation can result in improved efficiency and lower costs.

Transform customer experience and satisfaction

Customers these days expect a fast and seamless experience when engaging with their accountancy firm. With cutting-edge technology, you can put customer experience at the heart of digital transformation, enhancing the consumer experience as well as building trust and credibility for your brand.

Continuous improvement and innovation

Digital transformation is an ever-evolving process. Staying agile and ready for new trends and regularly analysing performance are key to keeping ahead of the competition.

Reduce risk

As cyberattacks have become more sophisticated and damaging, it’s crucial that digital transformation and security are planned together. Integration and automation help keep your clients’ data secure and enable your workforce to operate in a safe and reliable way.

Increase transparency

Getting real-time information and greater visibility and insight into operations can be a big boost to your business – especially when it comes to monitoring and improving the performance of your people and assets.

Easier collaboration and employee empowerment

Changing the way your employees work together and providing the knowledge and training they need to do their job effectively will boost morale and keep employees engaged. 

How do you get started with digital solutions to boost efficiency and cut costs?

Cloud computing

Cloud computing can be a great way to access confidential client data in one easy-to-manage location, even when you’re out of the office. And if you choose the right solution with integrated security you can have peace of mind that it’s safe and secure.

Interactive apps

Cut costs and improve efficiency by using apps for payment systems, online timesheets, automated data entry and payroll. They’ll improve your workforce mobility, and you can even use interactive apps to manage multiple shops integrated with accountancy software.

Automated reporting

Get the edge on competitors by providing clients with real-time data, and digitising bills, invoices and receipts. Plus, you can boost productivity by replacing manual data entry with automated data extraction.

Vodafone Business Marketplace

You may already be familiar with popular business applications like Microsoft Office 365 and Google G Suite, and how they play a key role within digital transformation - providing flexibility, better efficiency and more.

Now, you can buy and manage your business applications online from one convenient place, and get the support you need for all your software vendors from the Vodafone Business Marketplace.

Vodafone Business Lounge at Ricoh Arena

Want to experience the latest technology first-hand and see how you can implement it within your business? Have a face-to-face chat with a digital business expert at the newly opened innovation space at the Ricoh Arena in the Midlands.

Find out how to book a session