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Lending & Credit Risk

Infographic: Is your firm future ready?

Sageworks
September 21, 2017
Read Time: 0 min

With 90 percent of accounting firms acknowledging that the digital future is rapidly approaching, it is crucial that firms prepare themselves for the collision of trends that will drive the future of the industry. A fast future of new competitive advantages that will drive productivity and progress in the industry are right around the corner. By getting on board with the upcoming technological changes, firms can use these competitive advantages to grow their firms and deepen client relationships. Among these advantages is using technology to automate less lucrative compliance services, in order to spend more time providing more lucrative advisory services. 

 

Leaders that fail to adapt fast enough will not survive the onslaught of disruptive changes. With only 10 percent of accountants viewing themselves as technologically innovative, it is important to assess your firm’s disposition to the upcoming industry changes. With disruptive innovations driving the accounting industry by 2025, all firms need to be future ready. Here is a glimpse into the future readiness of the accounting profession:

 

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Practice Aid: The Future of Accounting: Key Trends

Whitepaper: The Automation Revolution: How Technology is Changing the Way Firms Operate

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About the Author

Sageworks

Raleigh, N.C.-based Sageworks, a leading provider of lending, credit risk, and portfolio risk software that enables banks and credit unions to efficiently grow and improve the borrower experience, was founded in 1998. Using its platform, Sageworks analyzed over 11.5 million loans, aggregated the corresponding loan data, and created the largest

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About Abrigo

Abrigo enables U.S. financial institutions to support their communities through technology that fights financial crime, grows loans and deposits, and optimizes risk. Abrigo's platform centralizes the institution's data, creates a digital user experience, ensures compliance, and delivers efficiency for scale and profitable growth.

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