Brought to you by
Caseware_logo_ix

Caseware financial reporting and audit solutions.

Save content
Have you found this content useful? Use the button above to save it to your profile.

Boosting efficiency with accounting automation

12th Dec 2018
Brought to you by
Caseware_logo_ix

Caseware financial reporting and audit solutions.

Save content
Have you found this content useful? Use the button above to save it to your profile.

Accountancy is no longer about sitting at a desk filling out paperwork for tax and expenses reports, or inputting numbers into a spreadsheet.

Nowadays it is necessary for accountants and finance teams to be able to be efficient not just at their desk, but also to be able to work from anywhere while still collaborating with the rest of their team.

Accounting technology and digital platforms are making it possible for firms and practitioners to be more efficient and flexible, which have become two indispensable requirements for businesses in the last few years.

Collaboration

There are now multiple tools in the cloud that can be used to automatically sync work so that multiple individuals can access the same files at the same time, promoting the efficiency firms need to deliver good service to their clients.

This technology makes it possible for individuals to work out of the office and still collaborate with their teams and stay connected. And as everything is managed electronically, these tools can also help remove the administrative burden of dealing with paperwork.

Connect across platforms

Word and Excel are still some of the primary sources for inputting information in the accounting sphere. This is not best practice when it comes to efficiency and avoiding duplication errors, as it is easy to overlook files and duplicate them in different locations or to update different versions of the same files.

Accounting platforms such as CaseWare Connector can be linked to Excel workbooks and Word document, showing the latest version of the files so that the information is always updated. Removing the need to re-key data from one location to another also decreases the likelihood of human errors, making the information more accurate.

Better use of time and reduced costs

Accounting firms and practitioners can achieve higher levels of efficiency by using systems and tools that eliminate the need of spending hours completing repetitive tasks and paperwork.

Accounting software can also make the integration across platforms easier and enable employees to work collaboratively on documents whether they are working in the office or out in the field, which will allow them more time to work with clients.

Building valuable relationships with their clients is what will set firms apart in the digital age, so ensuring your employees are free from the restraints of administration is essential.

If you want to know more about how technology can improve your firm and client relationships, download our How to Digitally Future-Proof your Accounting Practice eBook.