5 Virtual Firm Technologies to help your firm make the leap

Whether your team is working at home in quarantine or just from home on a Wednesday night, you need reliable technological tools to ensure they can be as productive, secure, and collaborative as possible Ready to make the full leap to a virtual firm? These five virtual firm technologies will help:

1. A True Cloud Platform

Anyone can work from a coffee shop or home office, but to be fully virtual, they need to have access to a common database and an integrated cloud-based software platform that “talks to” all the other programs and devices your team is using. Look for a solution that was built to run in the cloud and that’s maintained and supported by the software provider.

2. A Project Tracking & Workflow Solution

Working off-site should never lead to getting off track. Keep projects moving with cloud-based tools that provide transparency, facilitate automation, and ensure time tracking and billing is on target. For example, CCH Axcess™ Workstream can help you manage deadlines, identify roadblocks, and keep tabs on who’s working on what. CCH Axcess™ Practice makes managing time and billing, and financial reports much easier. And CCH Axcess™ Document and CCH Axcess™ Portal let you collect source documents and share workpapers effortlessly.

3. Essential Business Intelligence

Productivity should no longer be measured by how many hours employees spend in the office. You want staff to be efficient and profitable, so make sure your firm is helping them work smarter not harder by using pre-built dashboards within CCH Axcess™ Data Axcess Utility to track performance KPIs, identify trends, and create custom reports.

4. Client Collaboration Tools

Working virtually, you won’t be getting as much face time with clients, but that doesn’t mean they should ever feel out of the loop. Solutions like CCH Axcess™ Client Collaboration consolidate all the information, tools, and documents clients need to submit, track, and retrieve their returns in one centralized hub. That makes communication and collaboration with your firm’s clients simple and seamless.

5. Digital Marketing Tools

With a virtual firm, your employees aren’t tied to one physical place, so why should your client list be? Tools that let you leverage this new geographic flexibility, help your firm understand where clients are located, what industries they’re in, and how much they’re spending with you—all via an easy-to-read marketing dashboard in CCH Axcess™ Data Insights. Use that information to deliver personalized messaging to a list of hand-picked clients. You also can better market to clients by using predictive intelligence to proactively target your outreach to those affected by changing tax rules and regulations using CCH Axcess™ iQ.

If the new reality has you thinking about transitioning to virtual firm technologies, download the “Virtual and Semi-Virtual Firms: Benefits for Your Firm” ebook today!


Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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