Withum, a leading advisory and CPA firm, has made measurable strides in harnessing innovation to enhance its services and work culture. By establishing a dedicated innovation department in 2020, Withum has fostered a culture of creativity and collaboration that empowers its staff to develop forward-thinking implementable solutions that benefit clients, team members and the firm.
Withum's Molly Goins-Cox
“At Withum, we define innovation as generating and implementing new ideas that add value for clients, our team members and the firm – it is that straightforward,” said Molly Goins-Cox, the firm’s Chief Innovation Officer. “An extension for understanding the motivation behind Withum innovation is a desire and ability to bring new ideas forward and put them into practice.”
Among the firm’s most notable achievements on the innovation front are Robotic Process Automation (RPA), intelligent automation of a centralized tracking system, tax integration portal and single-source workpaper automation. While each initiative has achieved enhanced productivity, accuracy and greater efficiency through the allocation of resources, RPA realized time-savings equivalent to five full-time employees annually and ROI by the end of month one.
These innovations have improved operational efficiency while contributing to the expansion of Withum's service offerings and a strengthened work culture. The firm's forward-thinking approach to innovation and technology serves as a model for other companies looking to leverage the power of untapped employee ideation.
For more details head over to Withum's Innovation News.