86% of Accountants Ready to Embrace Emerging Technology

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Accounting software firm Sage has revealed the results of a new global survey that shows the attitudes towards automation are heralding a new era in the accounting sector.

The research revealed that 96% of those surveyed are confident about the future of accountancy and their role in it, despite 68% seeing their role changing through automation in the future.

Meanwhile, 38% percent revealed one of their biggest business frustrations was their time spent on number-crunching; 32% of participants reported they are still using manual methods as part of their record keeping for clients – 25% employing Excel and 7% still use handwritten notes.

Overwhelmingly, 86% reported they would be happy for technology to make such admin elements of their job invisible so they can focus on their clients and building their practice.

“Change can often divide the crowd,” said Jennifer Warawa, EVP Product Marketing, Sage.

“This research shows most accountants see the empowering opportunity automation can bring, freeing them up to focus on their practice and their clients. As artificial intelligence and bots become progressively more intuitive, the door opens further towards the future of invisible admin and gives them the space to spend their time on more valuable services for their clients.

“The industry must come together to support this change and help eliminate any barriers or fears that can hold accountants back. The call to action is now with accountants and small business owners to embrace the change and decide how they will spend the time that automation will afford them.”

With the research showing an appetite for change, Sage cemented its vision to drive greater automation with the launch of several time-saving services, including Sage Accountant Cloud.