If accountants 10 years ago could have looked through a portal into the future, would they have been surprised at how much technology had changed the way they work? Today, a client portal is just one example of how cloud-enabled technologies have revolutionized the way modern accounting firms function. Meanwhile, with automation, seamless paperless workflows, anytime-anywhere access, and client collaboration tools, firms are able to create growth opportunities and provide better client service. Here are three major ways cloud technology has affected the role of the accountant.
No more busywork.
Without a good cloud-based workflow solution, your talented staff could be wasting valuable time on routine duties like data entry. Automation through solutions like CCH® ProSystem fx® Scan with AutoFlow Technology eliminates many mundane tasks. As a result, employees can focus their time on bringing more value to your clients.
No more chasing papers around the office.
In the old days, figuring out a return’s status meant walking around looking for a physical folder. Now, however, cloud solutions like CCH Axcess™ Workstream and CCH Axcess™ Document help manage tax workflow and related documents. In addition, with all staff members able to instantly see a return’s status, anyone can answer client questions—and that leads to happier clients.
No more hand-holding clients.
Cloud solutions help clients help themselves. For example, secure, two-way portals offer self-service options and give clients transparency into the progress of their tax return. For even more assistance, CCH Axcess™ Client Collaboration walks clients through each step of the process, from filling out a simplified tax organizer to connecting with banks and financial solutions to automatically pull in documents like 1098s.
Learn more about the impact of cloud-enabled technologies on the role of the accountant. Download our ebook “Understanding the Evolution of the Cloud.”