BaCo Group, a Dallas-based CPA firm, is utilizing a newly developed in-house technology to provide clients with real-time, accounting services that help them navigate the ever-changing environment of COVID-19.
Using BaCo Tech clients were able to apply for PPP loans quickly and efficiently, at no additional charge. CPAs could then share the same workflow resulting from instant access to the client's financial information.
“Clients are not concerned with our deadlines and reports; they are only concerned with running their business well and keeping the doors open,” said BaCo Group Founder and CEO Ford Baker.
“BaCo Tech gathers all client data automatically and syncs every evening so that CPAs can gather entries in real-time, making it exponentially easier to assist our clients with their SBA loan applications in the middle of tax season, no matter the current market uncertainties,” Ford continued. “With this technology, I was able to complete SBA loan applications involving 11 different entities in under four hours.”
“BaCo Tech has built a great financial engine that helps me plan ahead for all of my companies,” said Lamar Carter, BaCo Tech user and CEO of All Access Telecom. “BaCo Group’s technology helps me look at the big picture for my companies. This technology puts me and my CPA on the same page, and that was never more evident than when Ford called me with our calculated loan amounts because their tech already had my current data that was needed for the loans. We were able to focus on keeping my companies thriving, not trying to decipher the SBA PPP loan guidelines.”
While it is currently only available to BaCo Group clients, BaCo Tech is currently working with CPAs and accounting firms interested in onboarding clients by the fourth quarter of 2020.
To contact the BaCo Group for information on how this firm can help your business, visit https://www.bacogroup.com.