The majority of accountants are failing to invest sufficient money and time in tech skills so as to enable them to keep up with the new era of automation in the sector, according to a new report from Xero. According to the report, which was released on Wednesday, more than half (53 percent) of accountants surveyed said they were not investing enough time or resources into technology training for their staff. Turner adds, ‘However, the survey also suggests that the profession needs to work harder on investing sufficient time in keeping abreast of emerging technologies, and in more effectively persuading SMEs that a close working relationship with a financial professional will be important in years to come.’ Xero's Gary Turner says the survey shows the accountancy sector "needs to work harder on investing sufficient time in keeping abreast of emerging technologies".
The majority of accountants are failing to invest sufficient money and time in tech skills so as to enable them to keep up with the new era of automation in the sector, according to a new report from Xero. According to the report, which was released on Wednesday, more than half (53 percent) of accountants surveyed said they were not investing enough time or resources into technology training for their staff. Xero's Gary Turner says the survey shows the accountancy sector "needs to work harder on investing sufficient time in keeping abreast of emerging technologies".