Over 2,000 accountants have now visited the Wolters Kluwer Future-Fit Practice Gym to benchmark their practice software against the leaders in the field.
From an analysis of the responses so far submitted we’ve prepared a short infographic summarising a number of key findings. This gives a valuable insight into how some professional practices are using software to gain competitive advantage… and how others are in danger of falling behind:
- The majority of firms (53%) still manage engagement letters, money laundering checks and other take-on processes entirely manually
- Almost half (48%) have to depend on post and physical signatures to get their clients to approve tax returns and final accounts
- Over two thirds of firms (68%) cannot get real-time information on deadlines, budgets, WIP and job progress which would allow them to manage by exception
- Less than a fifth (18%) use an integrated CRM system to store information about prospective clients
To find out more, you can download your own copy of the infographic from the AccountingWEB website.
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