In a recent article, John Savignano, a partner at accounting firm KW John Savignano, outlined the top accounting trends for 2022. Some trends include the increasing use of artificial intelligence and automation, the growing popularity of blockchain technology, and the rising demand for forensic and data analytics accounting services.
According to Savignano, accounting firms must embrace new technologies to remain competitive. He noted that firms must be able to provide clients with real-time data analytics to help them make informed business decisions. Additionally, Savignano said that accounting firms must be able to give the customers AI-powered chatbots to help them resolve issues and questions.
Savignano also discussed the increasing demand for data analytics. He noted that businesses are increasingly relying on data to make informed decisions. As a result, he said that accounting firms must provide their clients with the necessary tools to access and use data effectively. Savignano expects the demand for accounting services to continue to grow in 2022.
He notes that these technologies will help accounting professionals become more efficient and improve the accuracy of their work. Savignano also advises accountants to focus on developing their soft skills, such as communication and problem-solving, to remain competitive in the job market.
He also highlighted the importance of staying ahead of the curve and keeping up with the latest trends to remain competitive in the accounting industry. He noted that the accounting profession is constantly evolving, and businesses must prepare to adapt if they want to stay ahead of the curve.
READ: Long Islands CPA John Savignano brings Human element to the Accounting Business