?Highlights from the Digital Accountancy Show?

On 16th April a team from LB Group attended the Digital Accountancy Show in London, with Emma Cohen also taking to the stage that afternoon as part of the Building up Construction: Tech & tools to help Construction clients.

This panel discussion, which was held on The Tech Academy stage, focused on clients within the construction industry, offering valuable insights and top tips on effectively implementing suitable technology. Emma discussed not only the importance of adopting technology but also provided practical advice on how to do so successfully.

Running over two days, The Digital Accountancy Show was an incredible event, filled with thousands of likeminded people, with a programme of talks covering a range of topics, including:

Utilising AI and Tech:

One of the major takeaways from the event was the importance of utilising AI and technology in our accounting processes. Incorporating AI powered tools can significantly enhance our efficiency and accuracy, ultimately leading to better client service. There were some really interesting talks, one in particular delivered by Jason Staats who spoke about how AI will revolutionise accounting. (We will be exploring this area more in the coming months so watch this space, for information on new tools and processes).

Key Pieces of Software:

During the show, several game changing software solutions were showcased that are revolutionising the accounting industry and the way we work. Some of the standout tools include:

• Iplicit
• Apron
• XBert
• Payhawk
• Silverfin
• Know-it
• Fergus
• Bots for That

Trends in the Accounting Sector:

From a tech perspective, there were several noteworthy trends discussed at the event. These included:

• Increased adoption of AI and machine learning for automation of repetitive tasks and data analysis.
• Emphasis on practice acquisition and consolidation, with technology playing a key role in facilitating mergers and acquisitions.
• Growing importance of digital marketing strategies for accounting firms, including social media marketing, content marketing, and search engine optimization (SEO).
• Expansion of cloud-based accounting platforms and the rise of sector based software.

Overall, the Digital Accountancy Show was incredibly informative, and we’re excited to explore how we can implement these insights into our own processes!