ERGO Comps, LLC
O: 281.756.7178
www.ERGOcomps.com
Accountex Conference Recap Trends & News discussed during the State of the
Industry Discussion, presentations and panels:
Mandates on the Future of Cloud Accounting Technology
1. Embrace the Cloud model
“In the fog” versus utilizing the cloud and a
portfolio of apps to drive profitability
Outsourced Bookkeeping leaders first to widely embrace remote,
virtual work service delivery models
2. Tech‐enabled is changing business
Mindshift change from hiring to tech‐enabling employees (total
amount spent on tech averages 6% of rev, or $10k per FTE, or $10 per
billable hour, with avg $184k rev/FTE among top 1000 domestic firms)
Tech‐enabled is automating backoffice, processing, manual tasks, and
commodity services. Replacing commodity backoffice technicians with
technology and shifting technicians to higher value‐added services
Technology‐enablement is changing client demands
Tech‐enabled firms are more attractive to recent grads
Shift from viewing technology overhead cost to COGS enabler
3. Changing the mindset to put the client in the middle of the value
equation versus billable hours model changes how services are billed
and performed.
4. Changing the mindset from hiring star contributors to star performers
Shift to a Team sport culture versus backoffice technician individuals
Shift to more Automation and more Advisory creates opportunities for
CPAs as managerial and technology leaders
5. Advisory‐as‐an‐annuity focused on delivering 10X value (recurring
subscription for access to on‐demand resources, professionals)
Pricing pressure is prevalent.
6. Leveraging the volume of data for analytics beyond financial
statements
Understanding numbers put professionals into position to advise &
automation beats pencil and paper every time