Late Adopters Run the Risk of Being Left to Flounder

Ken Garen, CPA

Strategic technologies and networking business practices are rapidly changing the ways in which accountants work. Strategic technologies are those that have the greatest potential to significantly affect the accounting professional industry during the next three years. They are absolutely critical for the long-term survival of a professional practice, making imminent adoption necessary and business-critical. These technologies and practices are sure to impact an organization's long-term plans, programs, and initiatives. They are projected to either mature to broad market use during the next three years or enable a decidedly strategic advantage for early adopters. Accountants positioned to adopt and implement these strategic technologies and networking business practices as they are emerging will be best situated to benefit.