However, technology can be complex, and understanding how best to incorporate the technology infrastructure of a firm that has been acquired can be challenging element of the accounting practice sales process.
Synergy is a key concept all business schools discuss when talking about the accounting M&A market. However, synergy from an information technology perspective is very seldom easily achieved post acquisition or merger.
The 'buzz' within the technology world at the moment is all about the 'Cloud'. I met recently with an IT consultant who spends his days on the road visiting potential clients. I asked him how best I could explain the 'cloud' to those that operate within the accounting and CPA industry. Within 2 minutes I was lost, and I consider myself to have a fairly decent understanding of technology.
In my quest to find a more non-techy explanation of the cloud, and how it can be of benefit to accounting and tax professionals, I found the following video on You Tube.
What is clear is that Cloud computing offers greater flexibility to businesses, and CPA's and accounting firms involved in acquisitions and mergers may well find a cloud solution a way to resolve the technological issues that arise post completion.
More information on the latest accounting practices for sale in Alabama are now available on the Accounting Practice Exchange website.
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