How technology can generate advisory services and creative thinking – Accounting Today

Over the last decade, technological advancements have grown exponentially. As a result, we have been relieved of the mundane tasks that used to eat up all of our time, and we are now able to focus our attention on different areas of work. We have more time to solve bigger problems, or simply lay bigger and stronger plans for the future.

The time we receive back from using technology to automate tasks has elevated our society in many ways, but at its core, it can be simply unlock the potential for more creativity. We are able to solve things that are important for you, or your client, whereas you might not have had time to do so without technology. For example, we now have tools that help with automating tasks, leading to improved workflows, and allowing you to serve clients more efficiently. Technology gives us that time back, and allows us to refocus our attention somewhere else.

The extra time technology has given you back means more opportunities to focus on advisory services at your firm. This helps build client relationships and offers insights beyond just completing tax returns. You now have space to think creatively to solve client problems, develop long-term, specific goals with each client, and offer a more tailored approach to ensure their goals are achieved.

The time you get back when utilizing technology also serves a purpose in a creative way. It frees up your brain to focus on industries or topics you are passionate about that can be beneficial in the long run for you or your client. It cements you as a knowledgeable partner, and one your clients can seek out advice from on new laws, investing advice, and more when working together to map out their long term goals and their definition of success. You could even use this as a chance to further educate yourself on different industries and become an expert in offering advice in new areas. Creative thinking helps inspire outside-the-box ideas that can come in handy during client problems or long-term planning.

In addition, all these new tools and technology give professionals more power behind their client relationships. Giving us access to data insights and AI helps us seek out and offer the best advice to our clients. It allows us to analyze client information, find patterns, project where targets need to be, and more.

Technology creates more space in our schedules to allow for new and exciting opportunities. It cultivates an environment that allows creativity to flow more freely and fosters exploration into other outlets of interest for both the benefit of you, and your clients. In the end, it leads to powering prosperity for both firms and clients.

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How technology can generate advisory services and creative thinking - Accounting Today