5 reasons to automate client data acquisition
Automated tools and techniques now play a big part in audit and tax compliance services and have increased the use of client data by accounting firms. However, while tools such as data analytics and artificial intelligence have advanced significantly, many firms are still reliant upon traditional data processes for the acquisition of data.
As accounting firms mature from desktop applications to the cloud — a process expedited by the critical need for remote working in 2020 — several traditional working practices are straining to remain relevant.
Automated data acquisition has emerged as a critical need for firms seeking to maximize the opportunity presented by emerging technologies. But what are the key reasons firms should be investing in this area?