Why Accounting Firms Must Evolve to Stay Competitive

How Accounting Firms Are Taking Advantage of Digital Disruption to Drive Growth explains how the accounting sector, despite being a $250 billion industry, is highly vulnerable to disruption. As the eBook notes, firms face pressure from shifting client expectations, fixed-fee pricing models, new digital competitors, regulatory complexity, and an aging workforce. Information is scattered across ERP systems, email, shared drives, and local devices, leading to inefficiency, compliance exposure, and difficulty delivering advisory-level service. Firms must modernize operations and information flows to remain profitable and relevant.

How Technology, Automation, and AI Unlock Efficiency and Growth

The eBook highlights how automation, AI, and unified information management are helping firms streamline work, improve accuracy, and expand service offerings. Metadata driven structure eliminates duplicate files and version confusion. Automated workflows accelerate proposals, audits, contracts, AP processing, and client onboarding. AI assists with document classification, data extraction, and faster review of tax, audit, and financial content. Mobile access ensures teams and clients can securely work from anywhere. Together, these capabilities turn digital disruption into an opportunity to deliver higher value services with less overhead.

What’s Inside

• Four major industry shifts reshaping accounting firms, from digitalization to globalization
• How automation reduces manual processes and increases firmwide efficiency
• Ways AI improves tax, audit, and financial document processing
• How unified information management strengthens compliance and security
• How mobile, cloud-first work models support modern accounting clients

Why It Matters

The accounting industry is moving rapidly toward advisory-heavy, technology-enabled service models. As the eBook illustrates, firms that continue relying on manual information handling, email-based collaboration, and outdated systems will face margin pressure, talent challenges, and reputational risk. Firms that invest in intelligent information management can work faster, reduce errors, strengthen compliance, and deliver the modern, responsive experience clients now expect. Digital disruption becomes a springboard for efficiency, growth, and long-term competitiveness.

Unlock Efficiency and Drive Growth in Your Firm

See how M-Files helps accounting firms streamline processes, protect sensitive data, and modernize client service. Start transforming your workflows today with a free trial.