While technology innovation has become a key driving force for growth and competitiveness, small and medium practices (SMPs) face unique hurdles in embracing digital transformation. To delve into the intricacies of this complex scenario, the Institute has conducted a series of interviews with SMPs and technology vendors. The findings shed light on the inherent challenges in digital transformation that SMPs face, such as costs and the need for training and development. It also highlights the potential benefits, and offers strategic insights to gain a competitive edge while overcoming risks. In mapping out the current landscape, this piece proposes the way forward for the adoption of technology by SMPs in Hong Kong. Join us in embracing the future of accounting and technology! |