As businesses face growing pressure from global economic shifts, including rising U.S. tariffs and operating costs, accountants are stepping up as strategic partners. Leading accounting body CPA Australia urges firms to rely on their accounting advisors to maintain agility and resilience in these challenging times.
“During periods of instability and uncertainty, planning, flexibility, and professional guidance have become essential,” said Business and Investment Lead Gavan Ord.
Meanwhile, new tools such as iplicit’s Client Manager empower accountants to scale business process outsourcing (BPO) services, particularly for the growing midmarket segment.
Practical strategies to navigate trade uncertainty
CPA Australia recommends a strategic response to the evolving trade environment, including:
- Performing financial health checks and building cash buffers
- Seeking expert guidance on cost control and compliance
- Enhancing efficiency and protecting margins
- Diversifying supply chains, customer bases, and product lines
- Highlighting value propositions and improving cash flow management
These actions position companies for long-term growth. As trusted advisors, accountants are vital in guiding these strategic decisions.
“Accountants are well-positioned to help organizations uncover new growth opportunities while minimizing exposure to external shocks,” Ord said.
But to fully deliver on this potential, especially in the increasingly complex midmarket space, financial firms must recognize that traditional tools might no longer suffice. They must modernize how they deliver BPO services.
New tech empowers accountants to scale support for growing clients
Enter iplicit’s Client Manager, a newly launched tool to help accountancy firms streamline and expand their BPO services for midmarket businesses navigating change. Unveiled at the Digital Accountancy Show in London, Client Manager gives firms a centralized platform to manage multiple clients, enhancing responsiveness and scalability.
“Accountancy practices do great outsourcing work for SMEs when they’re small or just starting out, only to risk losing their best clients as they grow,” said Matt Lewns, iplicit’s partner manager.
Client Manager simplifies client management with features such as single sign-on access, bulk user permissions, real-time data insights, and sandbox testing. Accountants can provide continuous, tech-enabled support to assist clients facing shifting tariffs, new regulations, or market expansion.
iplicit Chief Product Officer Paul Sparkes claims that “Client Manager was purpose-built for accountants offering BPO services” to midmarket clients, which demand automation, flexibility, and fast decision-making.
By combining forward-looking strategies from trusted advisors with scalable tech such as Client Manager, accountants are uniquely positioned to help clients survive—and thrive—in today’s unpredictable economic climate.
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Wilson, I. (2025, April 11). CPA outlines key strategies for businesses dealing with US tariff changes. Accounting Times. Retrieved April 15, 2025, from https://www.accountingtimes.com.au/profession/cpa-outlines-key-strategies-for-businesses-dealing-with-us-tariff-changes
