Change is a constant, which means agility is essential. Firms have to adjust to a new generation of accountants, deal with unprecedented tax laws changes, and cope with coronavirus-related working conditions. Moreover, keeping current with technology keeps them on their toes. In Wolters Kluwer’s “ Leveraging Innovation to Increase Your Firm’s Agility” webinar, Pam Kelley, product line manager, Professional Market, Wolters Kluwer Tax and Accounting US, talks with Pat Gineris, CPA, EA, managing principal at Gineris & Associates, about how being an agile firm means more than just learning the latest software. In fact, technology can increase firm’s agility in four important ways.
Taking Advantage of New Opportunities
Agile firms aren’t scared of change. They’re ready for the unexpected and they look for ways challenges can provide new opportunities. Whether that’s using predictive analytics to detect a new service that clients might need, analyzing client data to spot a troubling trend, or identify problem clients or problems with internal staff so they can take action.
Managing Projects & Meeting Expectations
When you know where every project in your firm is, you can work smarter and quickly pivot. Workflow software, like CCH Axcess™ Workstream for example, makes it easy to standardize processes and monitor who’s working on what. That allows staff to work more independently, increases accountability, and as a result improves client service.
Reducing Cycle Time
A digital end-to-end tax workflow allows your firm to use its two most valuable resources—its time and its talent—in the most efficient way. Client portals and other self-service tools take manual data collection steps off staff’s hands, while software solutions that automate tasks, like CCH® ProSystem fx® Scan with AutoFlow Technology, save time and allow staff to pivot to more of a client engagement role. Plus, keep the productivity rolling with CCH Axcess™ Client Collaboration to facilitate invoicing and electronic payments.
Leveraging data to understand clients better
Dynamic, real-time reporting tools—rather than backward-looking static reports—empower firms to use data, not just collect it. For example, firms can use the data visualizations in Data Axcess Dashboards to identify trends and make changes in the moment. And with CCH Axcess™ iQ, the legwork—and guesswork—is taken out of monitoring legislative changes. It uses predictive intelligence to find which of your firm’s clients are likely be affected by each change so you can alert them before an issue arises.
Are you ready for your firm to be more agile? Watch the webinar “Leveraging Innovation to Increase Your Firm’s Agility” for ideas you can put in place today.