In the face of a significant decline in professional accountants and escalating staffing shortages, SuiteFiles has entered a strategic partnership with the California Society of Certified Public Accountants (CalCPA). This collaboration is poised to deliver advanced digital solutions designed to reduce burnout and streamline accounting workflows.
The urgency of addressing the accountant shortage is underscored by alarming statistics. A recent CPA Trendlines survey revealed that over 42% of accounting firms nationwide are turning down work due to staffing shortages, and another 24% are nearing burnout levels. The AICPA’s 2021 “Trends Report” further highlights this crisis, noting a 33% decline in first-time CPA exam candidates over the past five years, while institutions like James Madison University have experienced a 34% drop in accounting majors.
Denise Bethel, Senior Director of Business Development and Partnerships at CalCPA, highlights the impact of technological overload on productivity. “Today’s accounting landscape is bogged down with numerous systems that complicate tasks. SuiteFiles offers a streamlined approach that not only tackles these challenges but also enhances productivity,” Bethel explains.
SuiteFiles, renowned for its cloud-based file management and productivity tools, simplifies data handling and collaboration, enabling accountants to operate efficiently without the constraints of geography or time. By integrating SuiteFiles, firms like Copper Ledger have transformed their document management and team collaboration practices. “SuiteFiles is definitely a time and a cost-saving tool, but most importantly, it’s peace of mind that we have everything in place,” says Jenna Coffinger, Director of Copper Ledger. “It makes communication of what to do, how to do it, and what to expect easier.”
Andrew Sims, CEO of SuiteFiles, is enthusiastic about the partnership, emphasizing its potential to transform the accounting field. “Joining forces with CalCPA reinforces our dedication to supporting the accounting community with innovative solutions. We’re excited to enhance the digital tools available to accountants, helping them excel in a demanding professional environment,” Sims states.
In addition to the partnership, SuiteFiles is expanding its infrastructure to better serve its customers in the northern hemisphere. New data centers are being established in key global locations to ensure faster performance and improved service delivery, particularly for users in the U.S. and Canada.
SuiteFiles will also be offering a special incentive for CalCPA members, details of which will be announced soon, underscoring the commitment to making high-quality digital tools accessible to more professionals.
This strategic alliance between SuiteFiles and CalCPA signifies a pivotal step toward addressing the systemic challenges facing the accounting industry today. By providing cutting-edge solutions, SuiteFiles and CalCPA are dedicated to enhancing the professional lives of accountants, equipping them with the necessary tools to thrive in the modern financial landscape.
