6APRIL 2021Managing EditorSarah DawsonAaron Pierce Ann Bennis Antony MosesVisualizerSalesSarah DawsonManaging Editoreditor@cfotechoutlook.comRichard Watsonrichard@cfotechoutlook.comEditor's NoteEditorial StaffAva GarciaJoshua Parker Paul BarberVictor Cruz Copyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@cfotechoutlook.comeditor@cfotechoutlook.commarketing@cfotechoutlook.com APRIL - 2021, Vol - 07, Issue - 03 (ISSN 2644 - 2841)Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com The Coronavirus outbreak has acted as a restraint on the accounting services market throughout 2020 and 2021 since governments around the world imposed lockdowns and restricted trade and thus limiting the need for professional services. However, the market is expected to improve as many companies are rearranging their operations and recover from the impact of the pandemic, which had been negatively affected by the closure of commercial activities. Reports state that the accounting services market is expected to reach $735 billion in 2025 at a CAGR of 6 percent.Regulatory reforms in the financial sector are another cause for the increasing demand of accounting services such as tax advisory. Basic accounting tasks such as payroll accounting, accounts payable, and accounts receivable are being outsourced to enable accountants to focus on becoming vertical experts in their customer's markets. This in turn is transforming the role of a traditional accountant into a business advisor that takes customer service to the next level. In this edition of CFO Tech Outlook, we bring you the story of some of the most successful accounting services companies that deliver the best outcomes for their clients. This edition also offers a combination of thought leadership from subject matter experts with real-life stories on fostering robust partnerships and exclusive insights from CIOs and CXOs. We hope this edition will provide you the assistance in choosing the right accounting services company according to your requirements.Let us know your thoughts!Recovering From the Decline in Economic Activity
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