How the Pandemic Changed Firm Mindsets

Take mindful advantage.

By Hitendra Patil
Client Accounting Services: The Definitive Success Guide

Coronavirus caught the entire world totally unprepared for its aftermath. The impact on economies is unfathomable. Accounting firms are not immune to this unprecedented situation. The deadly pandemic led to “working for home” a requirement for accounting firms. The alternative was a risk to life itself.

MORE: Twelve Clues It’s Time to Outsource or Offshore | Matching Your Tech to Your CAS Clients | Six Steps to Spreading CAS Awareness | Hook Your Firm on CAS | Can You Identify Real CAS Prospects? | 8 Ways to Create Your CAS Practice | Do You Value Your CAS Value?
Exclusively for PRO Members. Log in here or upgrade to PRO today.

Firms scrambled to make technological arrangements to make remote working possible. It was a systemic shock to the decades of operating models of accounting firms. But over about four to six months into the pandemic, several firms recognized that it is possible to achieve good results by remote working.

Posted on November 13, 2022

Hitendra Patil

About the Author

Hitendra Patil is the president of the Global F&A and CPA outsourcing services unit of Datamatics Business Solutions, Inc., a global provider of outsourced accounting, bookkeeping, finance, tax preparation, audit & assurance, payroll and demand generation & data services.

He is one of the profession's leading authorities on accounting technology, accounting firm innovation, and client accounting and advisory services (CAS / CAAS) and among the Top 100 Most Influential People in Accounting, the Top 10 Accounting Influencers to Follow on Social Media, and the Top 100 Accounting Social Media Leaderboard.

He is the best-selling author of
“The Definitive Success Guide to Client Accounting Services.”

Buy Now | Learn More

and
"Accountaneur: The Entrepreneurial Accountant."

Buy now | Learn more

For over 20 years, he has worked exclusively for the accounting industry, leading several functions, including accounting, payroll, tax, and advisory services and technology solutions used by professional accountants.

He is a regularly published author in many leading publications in the United States accounting profession. Accountants have bought his best-selling books in 12 countries across five continents. He frequently provides fresh thought leadership and actionable insights to the accounting profession about CAS/CAAS, practice growth, entrepreneurship in accounting, and emerging technologies, such as artificial intelligence, machine learning, blockchain, and cybersecurity.

Buy now | Learn more

Patil's newest book is, "Rise of The AiCCOUNTANTS: The What, Why, and How of Artificial Intelligence – Exclusively for Accountants.”
Available here

Click here for more by Hitendra Patil

TO READ THE FULL ARTICLE

Continue reading your article with a CPA Trendlines Pro membership.