Insights from the President of Thomson Reuters on Accounting Technology

April 26, 2025 - 03:51

In a recent episode of a popular podcast, Randy Johnston and Brian Tankersley, CPA, engaged in a thought-provoking discussion with Elizabeth Beastrom, the President of Thomson Reuters' Tax and Accounting division. The conversation delved into the evolving landscape of accounting technology and the crucial role it plays in the industry.

Beastrom highlighted the significant advancements in technology that are reshaping how accountants operate, emphasizing the importance of staying ahead of the curve. She discussed the integration of artificial intelligence and automation in streamlining processes, which allows professionals to focus more on strategic decision-making rather than routine tasks.

The podcast also touched on the challenges faced by accounting firms in adapting to these technological changes. Beastrom offered insights into how firms can leverage innovative tools to enhance efficiency and improve client services. She underscored the necessity of continuous learning and adaptation in a rapidly changing environment.

Overall, the discussion provided valuable perspectives on the future of accounting and the pivotal role that technology will play in shaping the profession.