Firms facing fee pressure and challenges acquiring new clients often struggle with how to make clients happy while remaining profitable and sustainable. According to a recent whitepaper, 5 Ways to Increase Your Engagement Workflow Efficiency, technology is a key component to addressing these challenges.
Firms need to find ways to leverage the resources they have most effectively, and that means using digital tools that span the entire compliance process. A centralized, streamlined system that integrates and automates trial balance, reporting and workpapers can make the compliance process quick and easy, leaving more time for advisory work.
For firms that do audits, this centralized system should also ensure that irrelevant information is not stored, and it should include Computer Assisted Auditing Tools and Techniques (CAATT) to help firms analyze large volumes of data. Software should help you improve audit quality as well as productivity and work/life balance.
To read about how you can increase your engagement workflow efficiency, including criteria to help you choose and implement the best software, download the whitepaper today.