{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F2bc91c7e-59fe-436d-aa68-bfdad7706a02","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"Emerging Technologies in Accounting with Randy Johnston","description":"Episode 10. In today's interview, \"Emerging Technologies in Accounting with Randy Johnston.\"\n\nYou can also watch this on youtube here: https://youtu.be/yNiHJZy1SVg\n\nRandolph P. (Randy) Johnston, MCS has been a top-rated speaker in the technology industry for over 40 years. Inducted into the Accounting Hall of Fame in 2011, Randy is listed as a Top 25 Thought Leader in Accounting from 2011-2021. His influence throughout the accounting profession is highlighted once again this year by being a recipient of the 2021 Accounting Today Top 100 Most Influential People in Accounting award for the eighteenth consecutive year. \n\nAmong his many other awards, he holds the honor of being one of nine technology stars in the U.S. by Accounting Technology Magazine. Randy writes a monthly column for The CPA Practice Advisor, features for the Journal of Accountancy, and creates articles for both accounting and technology publications, as well as being the author of numerous books. He has started and owns multiple businesses, including K2 Enterprises in Hammond, Louisiana, and Network Management Group, Inc. in Hutchinson, Kansas. NMGI has supported CPA firms for 30+ years and is the largest managed service provider serving the CPA profession in North America. \n\nKey takeaways from this episode include:\n\n\u27af what's happening with emerging technologies like robotic process automation, artificial intelligence and machine learning in accountancy\n\n\u27af the kind of jobs, tasks or roles accountants have traditionally done that technology and automation will make redundant\n\n\u27af whether the accountant and CPA as we know them will ever become extinct because of technology or actually make them more effective\n\n\u27af how accounting firms are using data technologies such as predictive analytics to assess how people will act and buy, and to forecast the future\n\n\u27af the place of assistive technologies like voice, bio and visual recognition in accounting services\n\n\u27af how language barriers can assist accountants with international business using accurate simultaneous translation\n\n\u27af how pre-accounting and post-accounting tools are affecting the profession in coming years\n\n\u27af the role of high performance communication and cell phone technologies like 5G, Wi-Fi 6E and satellite for accountancy practices and fintech providers\n\n\u27af whether the changes in technology are making life easier for accountants or requiring them to be more techy and geeky\n\n\u27af the role of digital plumbers in connecting the various technologies and systems for accountants and their business clients\n\n\u27af the accounting software and technology products and areas that have not evolved as quickly as they should have\n\n\u27af what has held some technologies back in accounting firms, particularly in the areas of workflow and compliance\n\n\u27af What should be the hiring policy for accounting firms that want to grow, and how to lower the churn rate in professional practices\n\n\u27af the difference between flyers and eagles in accounting firm recruitment and retention\n\n\u27af the importance for accountancy practices of diversifying their hiring policies beyond certifications and qualifications\n\n\u27af what needs to be done in the area of CPE or Continuing Professional Education for better learning and upskilling of accountants and CPAs \n\n\u27af the importance of continuous learning, skills development and acquiring commercial acumen for accounting professionals \n\n\u27af addressing the vendor agenda - why most sellers of software and technology are not independent or objective in selling their products to accounting practices\n\n\u27af what goes wrong when accountancy firms waste huge money on software that is not fit for purpose\n\n\u27af crystal ball - what is key for accounting firms or the profession generally in the next few years\n\nContact Randy here:\n\nrandy@k2e.com or randyj@nmgi.com\n\nWebsites www.randyjohnston.com\n\nwww.technologybestpractices.com\n\nwww.nmgi.com\n\nwww.k2e.com\n\nOr on social media\n\nhttps://twitter.com/RPJohnston...","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/76af3c2a-6cd2-4ffe-88fd-256c147240db/L-V3rZ87SxAHXaM5mc1PGbAL.jpg"}