{"id":7839,"date":"2022-03-23T09:44:35","date_gmt":"2022-03-23T13:44:35","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=7839"},"modified":"2026-02-18T05:10:34","modified_gmt":"2026-02-18T10:10:34","slug":"7-accounting-and-finance-trends-to-look-out-for-in-2022","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/7-accounting-and-finance-trends-to-look-out-for-in-2022\/","title":{"rendered":"7 accounting and finance trends to look out for in 2022"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tAccountants<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\t7 accounting and finance trends to look out for in 2022\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t

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\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tKelly Dent<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

The last couple of years have been a challenge for people and businesses across the globe. But with brighter days ahead, we\u2019re all looking to the future with renewed optimism.<\/span> <\/span><\/h2>\n\n\n\n

We\u2019ve talked to our amazing customers, partners, and industry leaders over the past few months to get their thoughts on how we\u2019ll be approaching the year, and the technology that\u2019ll help the accounting and finance community not only bounce back, but thrive.<\/span> <\/span><\/p>\n\n\n\n

Here are our 7 predictions for the industry in 2022:<\/span><\/p>\n\n\n\n

Coronavirus and cloud are here to stay<\/h2>\n\n\n\n

While waves of infections continue, the only thing it seems we can reliably predict about coronavirus is its unpredictability. Nevertheless in 2022 we will adapt to a world where it becomes endemic. The way we work is likely forever changed, at least to some degree, for most roles.<\/span> <\/span><\/p>\n\n\n\n

Small and medium businesses will continue to refine their cloud infrastructure and leverage additional apps to fill functionality gaps. Replacement cycles will begin for those applications that fail to meet needs as industries evolve and pandemic life is normalized. New and replacement technology buyers will seek\u202f<\/span>cloud-based accounting systems<\/span><\/a>\u202fthat incorporate automation and <\/span>analytics<\/span><\/a> seamlessly.<\/span> <\/span><\/p>\n\n\n\n

These solutions will allow businesses to continue to do things remotely while allowing for hybrid and in person connectivity in situations where it provides the opportunity to be more successful or productive. The uncertainty of the past two years and ongoing cybersecurity threat levels will continue to keep agility and resiliency at the top of the list when accounting and finance leaders consider technology.<\/span>
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CFO 3.0- Digital Transformation beyond financial management<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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Learn how today\u2019s Canadian CFOs can drive change and shape the future of their organizations<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tDownload the CFO 3.0 guide<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t

\n\t\t\t\t\t\n\t\t\t\t\t2,030 readers have downloaded this guide\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"Businessman\t\t\t<\/div>\n<\/div>\n\n\n\n

Automation will continue to ease the labor crunch in accounting<\/span><\/h2>\n\n\n\n

If it can be automated, it will be in 2022. While the labor shortage drags on, it\u2019s vital to make the most of the staff you have. Focus on investing in upskilling staff to meet new demands and implementing technology that makes your business particularly attractive to new hires.<\/span> <\/span><\/p>\n\n\n\n

Automation<\/span><\/a> will be seen not as something to replace human workers, but an extension of the employees you have. It\u2019ll become a more common way to maintain accuracy on projects and efforts that may be less fully staffed than they had been in pre-pandemic companies.<\/span> <\/span><\/p>\n\n\n\n

 \u201cTalent and staffing is the single biggest issue right now,\u201d says Kevin Cumley, director of the Sage Intacct Accountants Program (SIAP) and one of Accounting Today\u2019s top 100 influential people of 2021. \u201cA shortage of good quality people is driving investment in technologies that automate things that were done manually in the past to decrease the people time required to do the work which improves both efficiencies and capacity.\u201d<\/span> <\/span><\/p>\n\n\n\n

Must-have tech for automation in 2022 include:<\/span> <\/span><\/p>\n\n\n\n