Publish Date: Posted about 4 years ago
Author:by Simon Lythgoe

Fintech, keeping up or being left behind?

We live in an evolving world where the rate of technological advancements continues to accelerate. These changes transcend multiple industries and automation, machine learning and all manner of advancements are being increasingly utilised for business improvements delivering efficiency savings daily.his is very noticeable in the financial world as Fintech continues to fuel change across the entire financial arena and is very evident in the world of Public Practice. Accountants now have the tools to become true business advisers and consultants, delivering meaningful insight to their clients who now see more tangible gains through this approach.This insight is invaluable to small business owners, who now can receive the service of a fully staffed finance team, but through their accountant and cloud software at a fraction of the cost. Recently, I sat on a panel at Accountex and learned that statistically, accountants see their clients on average less than once per year; this seems to sit at odds with the fact that Accountants are the second most trusted profession.Fintech is rapidly changing business and the fintech revolution is here, a revolution of tech-literate, business-savvy accountants with a massively increased ability to drive value. The question remains, are you fully embracing this technology and the value it can bring?If you’re not a cloud-based firm delivering the best advisory services, are your clients therefore receiving the best service? Might your employees be tempted away to a competitor firm who are offering a slick, value-oriented technology solution to their clients. These are salient questions for employers, employees and recruiters operating within the Public Practice market.So the big question is, are you keeping up or at risk of being left behind?

Share this Article

Back to Blogs

his is very noticeable in the financial world as Fintech continues to fuel change across the entire financial arena and is very evident in the world of Public Practice. Accountants now have the tools to become true business advisers and consultants, delivering meaningful insight to their clients who now see more tangible gains through this approach.

This insight is invaluable to small business owners, who now can receive the service of a fully staffed finance team, but through their accountant and cloud software at a fraction of the cost. Recently, I sat on a panel at Accountex and learned that statistically, accountants see their clients on average less than once per year; this seems to sit at odds with the fact that Accountants are the second most trusted profession.

Fintech is rapidly changing business and the fintech revolution is here, a revolution of tech-literate, business-savvy accountants with a massively increased ability to drive value. The question remains, are you fully embracing this technology and the value it can bring?

If you’re not a cloud-based firm delivering the best advisory services, are your clients therefore receiving the best service? Might your employees be tempted away to a competitor firm who are offering a slick, value-oriented technology solution to their clients. These are salient questions for employers, employees and recruiters operating within the Public Practice market.

So the big question is, are you keeping up or at risk of being left behind?

Latest Blogs

View All Blogs

International Women's Day at Cedar

On International Women’s Day, it’s time to #Embraceequity Wednesday, 8th March, is International Women’s Day. This year, its emphasis is on equity, and specifically the need to understand the fund...

From goal-nets to goal-line technology… tackling the UK’s productivity puzzle

As we tiptoe into 2023, there is not a scintilla of doubt that the UK economy (and indeed that of much of the rest of the world) is not in a great place. The global pandemic, with its disastrous i...

Black History Month and the Art of Black Hair

“I joined Cedar in 2012, having previously worked for a much smaller company. At the time I joined, I was the only Afro-Caribbean person in the business, although in the decade I’ve been here ther...

1 A Pa0pj9p Kg Lop Vf Iu M Nlo Q E1579474393478

“Show me the Money!!!”

As the UK teeters on the brink of the recession precipice, the most commonly used phrase Cedar’s recruitment consultants hear these days is, “What with everything that’s going on…”.A year ago, we w...

Britain's surprisingly diverse leadership battle

At Cedar, we're a diverse bunch, with diverse views, including our politics. But looking at the current Government, it seems we're at an inflection point for all parties.With the resignation of Bo...

London Pride

In June 1970, up to 20,000 people gathered for what was then called a Gay Liberation march in New York. Although the battle for gay rights in the USA can be traced back to the 1920s, this march was...

DE&I at Cedar – a work in progress

If you read our previous blog, ‘The Long March to Equality’, examining the rise of DE&I within recruitment, you may have been surprised, as we were, at how far the industry has come since the first...

The long march to equality

The oldest person who works at Cedar can remember when airlines advertised for male pilots and female air-hostesses. In Northern Ireland at that time, recruitment consultants used to draw up list...

Employers are getting very choosy… A review of the recently-qualified accountancy & finance jobs market

The recruitment market and the economy more generally have had a lot of exogenous shocks over the last few years is, I can say without fear of contradiction, an understatement. Yet, despite all th...

Square pegs, round holes…and the need for genuine tax expertise in your business

As you know, the government has an Office for Tax Simplification, set up by George Osborne after he became Chancellor of the Exchequer in 2010. Unfortunately, as a former tax director from Grant...

Recruitment as we move into Q4 – it’s a battlefield and a buyer’s market

Last year, as the full extent of the pandemic, became apparent, many economists said it would take a long time for the economy to recover. In April 2020, The Guardian reported that the EY Item Club...

What it takes to be a successful PE portfolio company CEO

Whilst there is not a one size fits all solution for what we see in successful PE portfolio company CEO’s we are able to see some clear trends when it comes this. Below we have attempted to answer...

How to Make Your CV Stand Out

Looking for your next finance role? The first step is getting your CV right. With such a small window in which to impress recruiters, it’s vital that you’re able to make your CV stand out from the ...