By Hitendra Patil
Accountaneur: The Entrepreneurial Accountant
Your firm’s current processes/procedures adapted to your current technology stack, or vice versa. Trying to fit client accounting services into your existing technology stack may become a challenge for you – not just from a procedural point of view but also from a profitability point of view. If your current technology stack is still more of desktop software, it could be nearly impossible for you to offer CAS as profitably as potentially possible with non-desktop solutions.
MORE: Top Five CAS Killers and How to Overcome Them | Identifying the Right Clients for CAS | CAS Is, First, a Communication Challenge | Which of Your Existing Clients Are CAS-fit? | The Services That CAS Clients Need | Who’s Afraid of Client Accounting Services?
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CAS does not need a technological transformation
Before you start thinking, “oh gosh, this is going to be a hugely expensive technological overhaul of my firm,” STOP. CAS does need you to adapt to an optimal technology mix, but it does not mean you just throw away your current technology and bring in entirely new technology. CAS does NOT need a technological transformation of your firm. Depending upon your existing technology stack, it may only require some reorganization, integration and adjustment.