Insights

Our top takeaways from Accountex 2018

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On 23 and 24 May, thousands of accounting and finance professionals descended on London’s ExCeL conference and expo centre for the UK’s biggest accounting and finance event of the year, Accountex London. The Compleat team was thrilled to exhibit for the second time, after a fantastic show the previous year.

As well as exhibiting, Compleat was also a Keynote sponsor at the event and hosted two Keynote seminars as well as a product demo in the Tech Demo Theatre. Videos of these speaking sessions will be made available on this website in the next weeks. With another successful year at Accountex under our belt, we wanted to list some of our top takeaways from the event.

  1. Making tax digital

For many business and accounting practices, the government-led “Making Tax Digital” programme can feel daunting, as new laws and legislation start to come into effect. This year’s event saw lots of seminars running with the aim to educate to put minds at ease about what the programme will actually mean for them.

  1. Automation is on everyone’s mind

Just like tax going digital, finance and accounting processes are turning to automation to help improve previously manual, laborious tasks. Whether is purchasing, invoicing or approvals, it seems automation is quickly becoming a staple for many accounting practices and finance departments. Compleat demoed our self-service purchase invoice automation solution, iCompleat, in the Tech Demo Theatre during the event. If you missed it, you can learn more about iCompleat on our website.

  1. There’s no escaping GDPR

Unless you’ve been fully “off the grid” for the past year, chances are you’ve probably heard the word GDPR more times than you can remember, and there’s a good reason for that. This year’s Accountex fell on the same week that the new General Data Protection Regulation (GDPR) legislation came into effect, meaning many businesses have had to make big changes about what they do with their contacts’ data; including accountants! Much like “Making Tax Digital”, this year’s event had lots of informative sessions about what GDPR means for accountants and their practices. For more information, you can also read our blog on what GDPR is and why accountants should care.

  1. The future of accounting

With more innovations like cloud and automation becoming the norm in practices and finance departments, the landscape has dramatically changed in recent years. For some, these innovations that boast to streamline and improve efficiency, can either excite or worry finance professionals when they think of the future. After all, wouldn’t you feel worried if someone (or something) was doing a better job than you? This year’s event emphasised just how important it is to embrace the direction these innovations are taking us, even if we do have a fear of the unknown.

And so, Compleat says farewell to another brilliant event by the Accountex team. If you attended Accountex this year but missed us, you can get in touch via our website or by emailing compleat@compleatsoftware.com. We’ll see you at Accountex 2019!