Transform your business with technology and future proof your firm. Join us on October 12 for a CPE webinar presented by Jeff Constable, Senior Account Executive and Dirk Shimpach, CPA & Founder of goVirtual Office, "Future-Proof Your Firm: The Top 5 Things to Consider for your CPA Firm to Keep a Competitive Advantage." You can register here!
For a brief look into what we'll be talking about in our webinar on October 12, check out the top 5 things to consider for your CPA Firm to keep a competitive advantage below:
Re-evaluate your current processes and tools
Keeping up with government regulations and the need to manage the complexity of financial compliance and audits within them have left firms re-evaluating their workflow processes and accelerated their move towards the cloud. CPA firms are now prioritizing digital transformation to manage their operations better and increase cost control and provide data insights for clients as well as their own.
Consider automation
We all know that repetitive tasks can add up over time to be a lot of wasted time that your staff could be focused on higher-level tasks. By embracing automation you not only save time but eliminate human error. The increasing use of automation, artificial intelligence and other new technology has helped so many businesses dominate. The early adopters are usually the ones who prevail, before it becomes a staple in every firm. If you hesitate to adopt new technology you might be watching from the sidelines as other firms leap ahead.
Power up your offerings
Did you know that advising clients can help you increase customer satisfaction and retention? Your customers don’t just want you to do their taxes, they appreciate you looking out for opportunities and advice they might not have considered with your services. Technology can provide tremendous opportunity for growth as firms put it to work for them. Expand your advisory rolls with tech that handles the time consuming tasks. Grow your revenue in new ways. Don’t think you have the time to advise? Circle back to # two and get in on that automation. Technology is not going anywhere.
Worried about the strain workloads with increased offerings? Well remember that when you pass off some of the workload to automation you will have some hours free. Take that saved time and put on your advising cap! When you see the accuracy of the data coming through you will be empowered to be better advisors. With human errors left in the dust and improved efficiency you are playing a whole new ball game. Welcome to the big leagues, even with smallest of firms.
Unify your data for better reporting and to gain visibility
Do you see your work stacking up? Are you able to forecast your work-levels? Can you track projects and see what needs to be done this week, next week, and forecast for hiring? Better reporting will lead to better visibility. Make better decisions for your business with insights to trends and where you want to head. Focus on areas that are higher revenue and utilize the data that you have to help your clients make the best decision. Giving your clients peace of mind especially when the targets and outside forces continue to change.
Increase client and employee retention
Incorporating better tech doesn’t just gain you time and accuracy, it gains everyone sanity. No more double checking, cross checking and doing redundant tasks. No one has time for that. Your clients will appreciate the reporting and visibility you can now give them as well as your young recruits. Technology is critical to recruiting and retaining a workforce that is only getting younger. Which is continuing to gain importance as the accounting profession continues to run low on CPAs.
Transform your business with technology and future proof your firm. Join us on October 12 for a CPE webinar presented by Jeff Constable, Senior Account Executive and Dirk Shimpach, CPA & Founder of goVirtual Office, "Future-Proof Your Firm: The Top 5 Things to Consider for your CPA Firm to Keep a Competitive Advantage." You can register here!