Receipt Bank and BDO LLP Announce Technology Partnership To Deliver Next Generation of Small Business Accounting Services
London – 16 March 2017 - Receipt Bank, the global leader in bookkeeping productivity software, has just announced a partnership with BDO LLP, a worldwide accounting and business advisory firm. The partnership will combine Receipt Bank’s market leading tools and process consulting with BDO’s team of expert advisors and regional networks to provide a technology-driven, value-focused service for businesses all over the UK.
BDO LLP have implemented Receipt Bank’s data submission and extraction technology to increase business efficiency and automate manual processes, as well as centralising information processing for their UK regional offices. Not only does automating data entry in this way create a more reliable stream of real-time data to advise clients, but it also provides more time for regional BDO teams to focus on client relationships and become the trusted business advisors they need.
As businesses demand more from their accountants, it is no longer enough simply to use the right technology. It must also be adapted to the needs of the client. To this end, Receipt Bank is also acting in a consultancy role, providing workshops, process mapping and onboarding advice in order to optimise existing systems and workflows and make the best use of BDO’s wealth of business expertise and experience.
Alexis Prenn, Co-Founder and CEO at Receipt Bank, said: “We are committed at Receipt Bank to helping accountants and bookkeepers use technology to improve their efficiency and offer more value to their clients. We work with our partners to zero in on how we can help them accomplish their goals, so they can do the same for their clients. We are proud to be playing an integral role in helping BDO get the most out cloud technology for the businesses they work with.”
Rebecca McClure, Director of Operations, Business Services and Accounting at BDO LLP, added: “Customers choose BDO for our high level of service. Technology like Receipt Bank is key to delivering that, including using their Practice Platform dashboard to increase visibility across all of our clients and to track our bookkeeping efficiency. The hours that Receipt Bank’s tools and processes save us mean that we have more time to engage with our clients’ business issues and fully support them in achieving their ambitions.”