Gary DeHart and John Roman, CIO - The Bonadio Group - Discuss the "Digital Transformation Journey" that accounting firms of all sizes are, and have been, undergoing with the rapid escalation of adoption of cloud technology for firms. In this podcast, the two discuss the challenges and considerations that firms face when identifying and implementing new technology. He emphasized the benefits of cloud computing, such as flexibility, accessibility, and cost-effectiveness, and advised starting with the business requirements to select the best application for serving clients. The also discussed * The process of identifying and implementing new technology in accounting firms. They emphasized the importance of gathering requirements, seeking input from employees, leveraging external resources, and providing training to overcome resistance to change. * The benefits of using voice-to-text technology and how it has become indispensable once people start using it regularly. They also talked about the involvement of tech vendors in providing training for their technologies and the importance of taking breaks from technology to avoid burnout. * The technology stack at Bonadio, with John mentioning that they use around 50 different types of applications. They also talked about the importance of prioritization, support from firm leadership, and how client needs often dictate the technology implemented. * The recommended IT budget for small, medium, and large firms, which is typically four and a half to seven percent of overall revenue. They also mentioned that there are various resources available online to help build a good onboarding playbook and start a digital transformation journey.
Learn more about The Bonadio Group at www.Bonadio.com
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