Smart technology has transformed the world of accounting; giving you more time (and money) to spend on new clients. In fact, a recent study found that cloud-based accounting firms had five times the amount of clients compared to traditional practices - now there's a number worth crunching!
By utilizing smart tools, you’ll be able to integrate your staff, client and billing records into a single shared space to increase visibility over all client work. That way, everyone on your team has real-time access to client history and crucial deadlines - so you’ll never miss another payment.
Here are a few more reasons why you and your firm need a smart automation platform with centralized communication;
Are you ready to see your annual revenue soar? New research shows that firms with a higher percentage of clients using cloud-based accounting software have a higher year-over-year revenue growth. What's even better than that? Accounting firms with nearly 100% of their clients on cloud-based software had a yearly growth of 15.5%, compared to traditional firms who grew by a mere 3.9%.
You love numbers. But if you crunched your numbers, how much of your time would add up to be spent on things like manual data entry, emails, and meetings? Smart automation technology decreases the amount of time spent on busy work by seamlessly syncing client information and invoices, from Xero, into one shared portal. Operating out of a centralized hub like this allows you to log and track billable hours, monitor client issues with support tickets and instantly approve invoices for a faster billing process. Having complete financial visibility over a project will stop you from missing an important deadline - and since you or your client could get fined for something like this, you need to keep track of work.
When emails, client work, and financial information are scattered between different tools that don’t talk to each other, an abundance of inefficiencies begin to surface that end up hurting your bottom line. That’s why the most efficient accountants use a team inbox. With a shared email or “stream”, you don’t have to worry about a proper handover when your colleagues are out of the office as all client-related communications are automatically being archived. The best part? Everyone will be able to see what’s going on in pertinent client accounts, without having their personal inboxes flooded with forwarded emails or CCs - so you’ll never have to waste another second digging around for the information you need.
By utilizing a smart automation platform, you and your firm will be on the fastest track to success - so click here to get started today.
