Automation reduces Accounting Practice Costs and grows Value to Clients
Eliminate repetitive manual operations and errors
Eliminate manual operations; double keying of data, spreadsheets for import/export of data and developing reports or more.
Be more responsive within the Practice and to Clients.
Streamline workflow, make your team's work interesting again and more valuable to Clients.
Save many non-productive days a month.
Use Automation to improve the speed of Cash Collection significantly, and increase the frequency and effectiveness of Practice Performance Analysis/working ON the business and 'Virtual CFO'/Business Advisory services.
However, Automation for Accounting Practices needs to go deeper than just the surface.
Automating the production of a Chart showing a trend and not providing Drill-down into the details to determine the cause(s) of positive or negative trends leaves Practices and Clients stranded.
Providing a Business Advisory service and telling a Client to improve their Gross Profit % is of no real value without at the same time providing the Client with the ways and service or tools to Drill Down into where the GP% issue lies.
Unproven assumptions or lack of data are not an excuse these days. Clients, if not already, will in future certainly be looking for fact-based advice to back up the decisions they have to make.
Automation works, there is no doubt about it. Accounting Practices that have implemented Automation say;
'Automation is helping us collect Cash faster, communicate with Clients, and save considerable time to be put to better use on Client assignments.'
'Automated systems for better communication with Clients save time, reduce Debtor Days and improve Cash Collection.'
'Automated support systems like bank feeds, and tools for invoice follow up and recording communications with Clients in one place saves many hours.'
'Automated KPI systems with Drill Down eliminate time spent number-crunching and enable Advisory Services that Clients place real Value on'.
'Our automated reporting system enables moving from Annual meetings with Clients to Quarterly or Monthly higher value Advisory Services'.
The right systems and tools can provide the data to improve Practice and Client Cash and Profit significantly.