Advisors share figures. Extraordinary ones turn them into insights. Wolters Kluwer Tax & Accounting UK has officially launched finsit, its cloud-based financial insights platform, to CCH OneClick customers. With finsit you can ensure your insights not only stay relevant but become invaluable.
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ncreased technology automation is rapidly changing the industry. Development at Wolters Kluwer is always driven by our focus on customer success in a changing industry, so we can help you when it matters most during times of uncertainty. With that in mind, we have worked to create a tool that builds insight, both for your practice and for your clients, in an efficient and profitable way. The finsit solution turns complex numbers into visual experiences that make it easier for advisors and their clients to make informed, efficient financial
decisions. There has never been a more important time to show your value to your clients. The platform was developed specifically for accountants who want to strengthen their offerings by exceeding expectations and creating broader value for their clients. Adapting to a changing industry efficiently and effortlessly While the shift to advisory has been in place for some time, the uncertainty brought on by external factors has heightened the demand for sound financial advice from accountants. Brexit, and the aftermath of the agreements, will drive businesses to increasingly look to accountants as trusted advisors to help guide them through new legislation, tax, and VAT regulations. Your clients will be looking for two things as they face this period of change and uncertainty in the new normal. Firstly, data-rich conversations in real time that will allow them to prepare for the unknown landscape before them.
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Phil Thornton, Lead Technology Product Manager for Digital, Wolters Kluwer Phil is responsible for bringing our digitalisation strategy to market. Phil spends his time working with our customers to understand what becoming a digital practice means to them, what is happening in the market and how to build solutions that will support our customers on this journey. Phil believes that digitalisation will bring about many opportunities for the industry.
Secondly, advice and insight as they navigate the compliance and lockdown incentives put in place by the government. In short, there is an appetite for your expertise. With this heightened demand for your knowledge and demonstrating value, you can make your offering more profitable across your client base. The need for effortless financial reporting has never been more important. You will need to prioritise data analysis over data entry and real-time, datarich conversations with clients over retrospective reports and compliance-led work. This will then allow time for higher-value advisory work. Just as uncertainty has been a catalyst for the rise in advisory services, COVID-19 has become a catalyst for investment in cloud and hosting technologies, enabling secure remote working and business analytics. The next step is to make technology work for your advisory services, making them indispensable. That’s where finsit comes into its own.
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