The economy has offered a boon to the accounting industry in recent years, but a time of reckoning has come and firms are faced with new realities. They must discover new ways to do more with less while increasing profitability. Some might believe that the answer is to work harder and raise rates. Those options are, at best, short-term solutions to a longer-term problem. Doesn't it make more sense to recommit to technology and increase leverage and margins? Most firms utilize technology only to sus- tain the way they have always done things. We also encounter too many firms using obsolete technology (and, frankly, we expect to see more like them in the near future).
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