More accountants see AI as a game-changer—57% believe it will have a major impact on the industry. While AI tools are still new, adoption is growing rapidly, with nearly half of firms expected to start using them within a year.
Biggest challenges? Data security, accuracy concerns, and high costs. Interestingly, firms with a clear AI policy are twice as confident in AI’s benefits compared to those without a plan.
Firms Using Digital Tools Grow Faster
Technology is reshaping accounting, and the numbers prove it:
- 62% of firms now rely on cloud-based accounting.
- Firms with strong tech adoption (75%+) are growing faster—78% reported revenue increases.
- Firms slow to adopt digital tools risk falling behind, experiencing slower growth.
Embracing technology is no longer optional—it’s essential for staying competitive.