In the ever-evolving landscape of business, technology plays a pivotal role in driving growth and innovation. As an accountant, the decision to embrace new technology can be daunting, but it’s also essential for staying competitive and relevant in today's market. In this blog, we’ll explore how to approach new technology in the accounting profession, offering practical advice to help you navigate new technology so you come out stronger and better for it.
Be adaptable (be a chameleon)
Embracing new technology often requires a shift in your operations, and sometimes, even your mindset. Be open to change and ready to pivot when necessary. Understand that adopting new technology may require adjustments in processes and workflows. Your ability to adapt will determine how smoothly you can integrate technology into your way of working.
Have a curious mindset (be a tinkerer)
Stay curious about emerging trends and technologies that you or your company could benefit from. Attend industry conferences, webinars, and workshops to stay updated. Be part of a culture that encourages asking questions and exploring new possibilities. A great approach to considering new technology in your work is to play around with the new tech for 30 minutes to see if it’s something you think should be explored further, after tinkering for a short while. A curious mindset fosters an environment where innovation can thrive.
Be willing to fail
Understand that not every tech implementation will go perfectly. It’s okay to stumble along the way, as long as you learn from your mistakes. Don’t let the fear of failure hold you back from trying new things. Some of the most significant advancements in business and technology have emerged from setbacks and failures.
Be a problem solver
New technology should be seen as a tool to solve business challenges. Identify the specific problems or inefficiencies that can be addressed by technology. Focus on how technology can help you achieve your objectives and deliver better value.
Be a lifelong learner
The world of technology is constantly evolving. To stay ahead, commit to being a lifelong learner. Invest in your own education and that of your team. Encourage team members to take courses and certifications related to the technology you’re adopting. Regularly review and update your technology roadmap to ensure it aligns with your business goals and incorporates the latest advancements.
Seek guidance
Navigating the world of technology can be overwhelming, especially if you have limited resources. Don’t hesitate to seek expert guidance. Consider consulting with people or businesses you know that have deeper knowledge of the tech you’re considering, to help recommend suitable solutions. Collaborating with experts can save you time, money, and potential headaches in the long run.
Embracing new technology with the right mindset will allow you to introduce the best and most appropriate tech into your business to help improve business efficiency and lead to business growth.
Still feeling pretty overwhelmed and don’t know where to start? Chat with a software implementation specialist who can provide you with guidance around the right solutions for your business.
Author
Peter Magner CA(SA), Sales and Marketing Director at Iridium
