The accounting industry is rapidly evolving, and smart companies are adapting their accounting practices to upgrade technology, ramp up efficiency and keep up with their peers. That should be a wake-up call to organizations that may have been dragging their heels about investing in and/or learning the accounting technologies that are driving the industry.

No longer are upgrades a matter of choice; modern accountants need to embrace the new skills and techniques that can help their companies survive and thrive.

What does that mean to forward-thinking accountants? Namely, that they need to empower themselves with the skills of the future if they haven’t already done so. As such, here are some of the most powerful trends affecting the industry, along with suggestions for getting yourself and your company up to speed.