With over 2000 accountants and bookkeepers from around the world and over 130 exhibitors, there was a huge amount packed into 1 day at the Digital Accountancy Show 2023. From catching up with old faces, to meeting lots of new people, there was a great buzz at Battersea Park on Thursday.
Here are our 3 key takeaways from DAS 2023.
1. The importance of coming together
A common theme emerging from this year’s event was how important it is to bring us all together in person. With Dan Cockerton’s spectacular opening speech, he focused on the reason why DAS exists, to create a sense of connection and belonging in the accounting community. He challenged us all to meet at least one person that we haven't met before and to ensure that we really experience the moment.
Events provide us with the perfect opportunity to share stories, connections and experiences with each other, helping us better our community with new creative ideas.
Providing a great opportunity for networking, if you’re running a practice, DAS can also help you to meet some of the rising stars in the accounting community, so you can help find and attract new talent to your firm.
2. Embracing the amazing opportunity technology can bring you
Artificial intelligence (AI) seemed to take centre stage at the Digital Accountancy Show this year and it seems AI will be bringing a new phase to the accounting industry.
From the future of AI in audit, to how to manage your client communications, there were plenty of sessions on the day discussing how to use AI in your accounting practice.
One learning from the day was that AI can be used for automated cashflow forecasting, helping businesses and their accountants to save time and costs, whilst still effectively planning for the future. Although AI is not here to replace jobs, DAS showed us how accountants can adopt new AI to build closer relationships, as they start to automate more. In simpler terms, helping the accounting community do more with less.
3. How to protect client’s balance sheets
From Paul Surtees, CEO and Co-Founder at Capitalise, we learnt all about balance sheet discipline and how to ensure your clients are well protected against economic risk.
In his gripping speaking session, Paul explained how balance sheet discipline all starts with working capital for a business.
By increasing the amount of free capital you can inject into your client’s businesses, you can help set them up for success. If your clients work with suppliers, then their credit limit is the essential deciding factor on whether they can access enough working capital at 0%. By improving the credit score and credit limits of your clients, you can ensure they can access as much working capital as they need, so if they do need to access capital, the option is there.
Our Credit Review Service enables you to improve your clients credit scores and credit limits, so they can access more working capital and create healthy balance sheets.
Help transform the way your clients operate, when you sign up to Capitalise by the 31st July 2023, you can receive a free Credit Review worth £495. (T's & C's apply)