Technology
is driving collaboration between accountants and clients in the accounting
services market. It is being driven by portals, tools and technology that
promote simple flow of information between accountants and businesses. New
communication technologies are replacing traditional communication platforms
such as email. For instance, chat platforms such as Slack, HipChat and Basecamp
are speeding up communications and enabling real time interactions.
THE
BUSINESS RESEARCH COMPANY VALUED THE GLOBAL OTHER ACCOUNTING SERVICES MARKET AT
$37 BILLION IN 2017
North
America was the largest geographic region in the market, accounting for two-fifth
of the global market. The USA was the largest country accounting for one-third
of the global other accounting services market.
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According to The Business Research
Company’s Consultant, Nitin Gianchandani, digitalization of tax offices in most
developed and developing countries is evolving the role of accountants. They
are increasingly providing advisory and taxation guidance as well as
traditional filing and lodging services which have become less important with
the growth of e-filings. For instance, the Australian Tax Office will now allow
e-tax. This will reduce the manual processing of data and make the tax return
process easier allowing accountants to focus on high end tasks.
Delloite was the largest player in the other accounting services market,
with revenues of $235 million (190.8 million euros) in 2016. Deloitte’s growth strategy
is focused towards discovery and advancements in cognitive audit technologies
that will help automate the process of auditing and enhance its quality.
Artificial intelligence, language processing, data analytics and
machine-learning technologies are some processes the company is currently
working on. Deloitte also plans to strengthen its M&A approaches by
acquiring strategic partners that will help growth of business as well as
expansion of operation. In 2015, the company acquired companies in Australia
(GMK Partners, Hervé Schauer Consultants, Analytics Group, The Londsdale Group)
Canada (Visser Consulting), and Europe (Licetus, Kavanagh Fennell, AXOA).
The
other accounting services market comprises establishments (except offices of
CPAs) engaged in providing accounting services (except tax return preparation
services only or payroll services only). These establishments may also provide
tax return preparation or payroll services. Accountant (except CPA) offices,
bookkeeper offices, and billing offices are included in this market.
Other Accounting Services
Global Market Report 2018 is a detailed report giving a
unique insight into this market. The report is priced at $4000 for an
individual user. To use across your office, the price is $6000 and $8000 if you
wish to use across a multinational company.
About
The Business Research Company
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
Contact Information.
The Business Research Company
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1930 708
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8897263534
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Email: info@tbrc.info
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