What does it mean to be a Digital CPA and how do you become one?
I think last week’s Digital CPA Conference shed some light on the subject and provided a roadmap of sorts. The highlight for me was the keynote (and whitepaper) from Dr. Geoffrey Moore (pictured with me on right) titled, Accounting Services: Harness the Power of the Cloud.
So what is a Digital CPA?
My definition is, “A Digital CPA is a CPA who can harness the latest technologies to enhance interaction and collaboration with clients and employers that creates new ways to apply their professional knowledge and analysis to help their clients and/or employers navigate the dynamics of the rapidly changing and complex business environment. In the words of the CPA Horizons purpose statement, “CPAs…make sense of changing and complex world.”
Let’s break this definition down,
First, “a CPA who can harness the latest technologies” which means identifying the most significant trends and technologies that might enable enhanced and new services.
The three mega-trends identified by Geoffrey Moore are a great starting point:
- Mega-Trend #1: Digitalization – making a digital overlay of the world and your business
- Mega-Trend #2: Virtualization – moving from physically present to digitally present – This includes “the enhance interaction with clients and employers” part of the definition
- Mega-Trend #3: Transformation – finding new ways to enhance value and add services as you connect and collaborate with your clients/employer
Then, harness the new “Big Four” tech trends for CPAs, according to the latest research from CCH’s 2012 Technology Trends Survey:
- Cloud
- Mobile
- Big Data (including XBRL)
- Social
- Create a vision of the desired future state and compare it to the current state;
- Determine the right technology investments you need to support your business strategy and/or new client services;
- Develop and organize your change management efforts around the new services and technologies.
With almost 1,500 tweets over three days, there was a whole lot of Social Learning at #DigitalCPA via Twitter:
- Day 1 – December 5th Tweetbook featuring NFIB Economist & Geaorge Will
- Day 2 – December 6th Tweetbook featuring Tech Guru, Geoffrey Moore
- Day 3 – December 7th Tweetbook featuring breakout sessions
With almost 1,500 tweets over three days, there was a whole lot of Social Learning at #DigitalCPA via Twitter:
- Day 1 – December 5th Tweetbook featuring NFIB Economist & Geaorge Will
- Day 2 – December 6th Tweetbook featuring Tech Guru, Geoffrey Moore
- Day 3 – December 7th Tweetbook featuring breakout sessions
More thought provoking resources for the Digital CPA:
- Are We Entering The Age of the Small Firm?
- You Must Be (Digitally) Present to Win
- Technology and CPAs: Visions of the Future – Jeff Drew in JofA
- Social Business – What Are Companies Really Doing – Deloitte / MIT Study
- Systems of Engagement – whitepaper by Dr. Geoffrey Moore for the AIIM
Need help getting your partners all on the same page? Or helping them stretch their minds to see the big picture? Call on us to help with your strategic planning needs or to hold a future forum to help them see the bigger trends and issues.