By Aaron Patrick, Head of Accounts, Boffix As the pace of digital transformation grows, small and medium-sized businesses are grappling with both unprecedented challenges and opportunities. From navigating economic uncertainty to meeting evolving customer expectations, the ability to adapt quickly has never been more critical. Technology is at the heart of this transformation, with financial management systems (FMS) emerging as essential tools for enhancing efficiency and resilience. Yet, despite the clear benefits, many SMEs remain hesitant to adopt these solutions. The 2024 Intuit QuickBooks Accountant Technology Survey underscores this urgency by revealing a striking contrast: despite a significant share (63%) of respondents weighing clients’ use of technology in assessing whether they’d be a good fit for their business, half of SMEs are still not utilising FMS. This reluctance persists even though 82% of businesses recognise that those leveraging FMS are better equipped to weather economic storms. By championing the adoption of digital tools like accounting software, accountants can play a pivotal role in helping SMEs harness technology to secure their future. There are some practical strategies for SMEs that I’ve used to help them get tech savvy, such as offering demonstrations and providing tailored solutions for certain sectors. I […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
