CHARTS & GRAPHS

SURVEY: Firms on the Brink of Big Spending

Economy, pandemic among the causes.

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The Tech Spend: Some 32% of firms are planning increases in technology budgets, according to this year’s survey. And 63% are continuing to spend as much as during the height of the pandemic. Source: Accounting Firm Operations and Technology Survey.

By CPA Trendlines
The Accounting Firm Operations and Technology Survey

After two years of caution and hesitant changes, accounting firms are getting ready to make up for lost time, according to findings from the new Accounting Firm Operations and Technology Survey.

MORE SURVEY RESULTS: Pandemic? What Pandemic?  |  M&A Looms Large for 30% of Firms | Today’s Top 3 Tech Problems: Security, Client Onboarding and Workflow | Today’s Top 3 Management Problems: Staffing, Workflow and Tech

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The comprehensive national study of firms of every size says accountants are looking to change practice management, tax, audit, portals, workflow and document management systems. Many had been reluctant to change their technologies during the COVID-19 lockdown periods.