Digital CPA by CPA.com
Building Digital Readiness: Insights from Chad Osgood
Aug 29, 2024
Chad Osgood, co-founder of Digilence and a digital evolution expert, shares his insights on transforming CPA firms in the digital age. He discusses the difference between true digital transformation and merely adopting new tech, emphasizing that it requires organizational change. Chad identifies common gaps in tech ecosystems, highlights the importance of system integration for compliance, and outlines actionable steps for firms. He also delves into the significant impact of AI and technology on the accounting profession, offering a hopeful vision for the future.
25:33
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Quick takeaways
- Digital readiness is essential for CPA firms to navigate technology integration, ensuring they are equipped for future challenges and opportunities.
- Successful digital transformation requires not only adopting technology but also fostering a supportive organizational culture and dedicated leadership to drive change.
Deep dives
The Importance of Digital Readiness for CPA Firms
Digital readiness is crucial for CPA firms aiming to transform into fully digital organizations. Firms need to make informed and strategic decisions today to ensure they have the necessary tools and capabilities for the future. This involves understanding the complexities of integrating technology into their practices, especially considering both the technical and business perspectives. By proactively addressing these challenges, firms can better position themselves to leverage technology as a competitive advantage.
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