Accounting for Innovation

Are you ready for the accounting revolution? In this episode of Accounting for Innovation, Jody Padar and Matt Tait reveal how the synergy between outsourcing and AI is reshaping the future of accounting firms. They highlight strategic integrations that maximize efficiency, agility, and value, setting the stage for a transformative era in the industry. In this episode you'll learn:

How is AI transforming the day-to-day operations of accounting professionals? In this episode of Accounting for Innovation, Jody Padar and Matt Tait discuss the practical integration of AI into everyday accounting tasks. They focus on how AI tools streamline operations, enhance data processing, and improve client relationships, making it an exciting time to be in the accounting fie

How does outsourcing affect your culture? In this episode of Accounting for Innovation, Jody Padar and Matt Tait discuss the cultural implications of outsourcing for accounting firms. They explore how integrating outsourced teams with your in-house staff can influence company culture, drive efficiency, and enhance service delivery. The duo shed light on the importance of team buy-i

Why is outsourcing becoming a vital strategy for accounting firms today? In this episode of Accounting for Innovation, Jody Padar and Matt Tait uncover the rising trend of outsourcing within the accounting industry. They explain the evolution of outsourcing from a feared concept to a necessary strategy for both small and large firms. The discussion highlights the operational and fi

How can outsourcing and AI revolutionize your accounting practice? In this episode of Accounting for Innovation, Jody Padar and Matt Tait explore the transformative potential of outsourcing and artificial intelligence in the field of accounting. They discuss how these innovations are reshaping the profession, addressing common fears, and paving the way for a future-focused approach

How should accounting firms go to market today? In this episode of Accounting for Innovation, Jody Padar and Matt Tait explore go-to-market strategies for accounting firms. They discuss the transformation from traditional "rainmaking" to contemporary market entry techniques, emphasizing the importance of defining service offerings and identifying ideal customer profiles. The conver

Careers in the accounting industry aren’t the same as they used to be. In episode five of Accounting for Innovation, Jody Padar and Matt Tait discuss the critical transition facing the accounting industry as it shifts from seasoned professionals to the next generation. They explore the challenges and decisions young accountants face, whether to innovate within existing firms or v

How do you balance new -vs- old when growing your firm? In this episode of Accounting for Innovation, Jody Padar and Matt Tait discuss the dynamic between traditional and innovative practices in the accounting industry. You’ll hear the strengths and weaknesses of both approaches, highlighting the reliability and proven methods of traditional accounting alongside the efficiency an

What’s it like to buy a business from a Big 4 firm? In this episode, Jody Padar and Matt Tait explore the details behind Decimal’s acquisition of KPMG Spark, formerly known as Bookly. Matt shares the story of how the acquisition unfolded, including the motivations, challenges, and key takeaways from the process. The discussion highlights the importance of cultural fit, thorough

Is acquiring another firm the right move? In this episode of the Accounting for Innovation podcast, Jody Padar and Matt Tait dive into the intricacies of acquiring accounting firms. Matt shares his experience and insights on why acquisitions can be a strategic choice over organic growth, emphasizing the importance of cultural fit and people over economics. He details the stages of