Slides The future of SMP Brussels 180215 with FEE SMP and IFAC SMP

Fédération des Experts-comptables Européens

Federation of European Accountants

www.fee.be Connect with European Professional Accountants @FEE_Brussels

FEE SMP Forum

The future of SMPs in a global society

1

18 February 2015, Brussels


12:30 – 13:30

2


Item 6: Preparing practices for the future

13:30 – 16:00

External Guest: Jan Wietsma (author of A day in the life of

Klaas Ruiter; a glimpse into the future of an accountant)

3

Strategic Management

Experience from SMPs who

significantly reshaped their business

Objective: Prepare an SMP Info Pack

on strategic management

Technology

Software, cloud computing, big data

Objective: Prepare an SMP Info Pack on

technological developments

https://www.linkedin.com/in/janwietsma


Strategy

4


Experience strategic management

IFAC SMP Committee

Antoni Gomez - Spain

mergers of smaller practices

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Strategic Management trends (1)

The audit market:

More regulation en supervision

More IT – solutions

Big 4 will dominate the Audit market

SMP must collaborate in the Audit business

6


Question

What is your opinion about the future of the

Audit-profession for the SMP’s

7


Strategic Management trends (2)

The society becomes more complex

The entrepreneur needs help making the right decisions.

Both emotional and financial.

The SMP-accountant will become more and more a

business controller for SME’s

This requires new skills for:

Entrepreneurial behavior

Strategy

Marketing

Financing

8


Question

What are the challenges according to you for

SMP to advise and coach entrepreneurs?

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An example from the Netherlands

The Credit Passport


The Credit passport

In one overview of the health of the enterprise

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Weighing

Self-insight - the fellow

Marketing - the firm

Cash flow - the funds

Network - Social Media


The entrepreneur is in control


Continuous-monitoring

E-assessment entrepreneurship

Financial data thru SBR

Insight in social networks


Pro’s

Enhancing self-insight of entrepreneurs

Lower process costs

Faster turnaround time

Continuous monitoring

Reduced fail costs

Entrepreneur

Finance

Customized


The Credit passport

An advisory tool for accountants

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Entrepreneur

Accountants

Suppliers

Customers

Banks

Advisors

Finance chain solutionChamb

er of Commerce

Tax department


The Credit passport initiative is be

supported by

The Ministry of Economic Affairs

Chambers of commerce

Tax authorities

Software suppliers

Banks

Crowd funders and credit unions

University’s

Accounting firms

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Federation of European Accountants 19


Item 6: Preparing practices for the future

13:30 – 16:00

External Guest: Jan Wietsma (author of A day in the life of

Klaas Ruiter; a glimpse into the future of an accountant)

20

Strategic Management

Experience from SMPs who

significantly reshaped their business

Objective: Prepare an SMP Info Pack

on strategic management

Technology

Software, cloud computing, big data

Objective: Prepare an SMP Info Pack on

technological developments

https://www.linkedin.com/in/janwietsma


Technology

21


Experience technology

Ray Baxter – United Kingdom

working with cloud systems

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Trends

Cloud technology

Bring your own device (BYDD)

Mobile

Smartphone's

Working

Transaction and paying

Big data

Data analyse / IT-audit

Data chain integration

Web strategy

23


Issues to discuss (1)

Which trends are opportunities for your

organisation and why?

Knowledge and skills

24


Issues to discuss (2)

What about privacy and protection (hacking,

phising, spoofing, social engineering, pharming,

scam)

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Solution Control environment

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Solution

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Concluding remarks

16:00 – 16:30

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Next steps for the practice of the future

Federation of European Accountants 29

Order your own copy or e-book

• http://www.boekenbestellen.nl/boek/a-day-in-the-

life-of-klaas-ruiter-husband-father-and-

accountant/9870

http://www.boekenbestellen.nl/boek/a-day-in-the-life-of-klaas-ruiter-husband-father-and-accountant/9870

Slides The future of SMP Brussels 180215 with FEE SMP and IFAC SMP

Economy & Finance

Transcript of Slides The future of SMP Brussels 180215 with FEE SMP and IFAC SMP