Propel your practice forward with smarter cloud practice management Firms with an integrated cloud practice management solution are proven to be more efficient, increase billable hours and be more likely to attract and retain talent, while also being able to collaborate closely with their clients.
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he services that Accounting Firms offer are mostly process-heavy, people intensive, and dataladen with exacting standards, and often changing tax changes. And for every job, the accounting professional must be 100% accurate. When internal procedures are not streamlined, firms are burdened with additional non-billable work. Add in the challenges of remote working, legacy systems, and unforeseen change – this can result in a significant decrease in each fee-earning employee’s potential billable hours. Client and staff turnover are also put at risk. Every forward-looking Practice Owner or Partner benefits from a single source of truth for resource allocation, jobs, time, billing, and communications. For firms, the right practice management solution helps everyone work smarter, communicate better, and boosts the firm’s bottom line. “Choosing the right practice management solution is critical to increasing productivity and gaining a competitive edge,” says Rakesh Naidu, Head of Product
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Rakesh Naidu, Head of Product for Professional Software, Wolters Kluwer Tax & Accounting AsiaPacific A product professional passionate about designing solutions that solve customer problems and make it easier for customers to achieve their desired outcomes. Experience in new product development and delivery, online and payment platform development, business case development and driving business efficiencies & continuous process improvement.
for Professional Software at information. It acts as a hub Wolters Kluwer Tax & Accounting around which a firm can organise Asia Pacific. “With firms dealing and integrate essential workflows with hundreds, even efficiently while thousands of tasks maintaining across the business, transparency and “Choosing the right a practice accountability. practice management management solution is critical system keeps Automation to increasing productivity and everything gaining a competitive organised and Through practice edge.” everyone on the management same page.” automation you save time, be more accurate Connect and collaborate and reduce stress. Some of the benefits to partners and firms are: In recent years practice • Increasing billable hours by management software has managing capacity, jobs, and adapted rapidly in response to workflows the growing focus on the digital • Capturing the time spent on transformation of businesses every job worldwide. The pandemic • Streamlined client billing and lockdowns, and remote working, managing debtors are accelerating its benefit • Storing up-to-date details of globally. “Firms need to be nimble clients and have the ability to connect • Intelligent and customisable and collaborate seamlessly with reporting of firm metrics clients online,” says Rakesh Naidu. Practice owners can also create With a cloud-based practice reports on cash flow, revenue, management solution, everyone profitability, individual employee with permission to access the productivity, billing, receivables, platform can do so at any time, and more. For Partners and from anywhere, providing a single Practice Managers, an integrated source of truth and a central solution delivers on core repository of mission-critical objectives:
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