Matt Paff of Value Adders joined me on this episode.Value Adders has been established to assist SMBs, their service providers, technology vendors & investors sail through the current digital disruption to gain genuine operational and competitive advantage.
In this episode we discuss how technology is transforming the professions and how we can harness the power of this change.
ATO (any similar regulatory bodies around the world) want to make the process of compliance easier. Either automate or make redundant.
Cloud accounting changes how the relationship works with the service provider and the client.
We are seeing a convergent evolution. Bookkeepers, IT and accountants are converging.
It is hard to plan for the future when making money so as a result accountants are reluctant to grasp the opportunity of technology.
Cloud accounting has put and will continue to put downward pressure on price.
There is an opportunity if not obligation for advisors to assist business. The prevalent GDP to debt ratio and the stagnate growth means there is an opportunity to assist businesses to grow.
The value is in the Insight. The humanisation of numbers.
7 C’s of Value Added Services
- Customer centric
- Centralised services
- Common ledger
- Consulting on analytics
- Make our own business properly add value. Eat your own dog food.
- Find you own niche.
Website – Value Adders
Linkedin – Matt Paff