AccountingWEB's business editor Francois Badenhorst sits down with Capium's Travis Ugbelase to find out how the cloud-based software suite is planning to help accountants tackle Making Tax Digital.
Capium Product Showcase | Capture, Connect , Collaborate
Capium and Making Tax Digital
One challenge all accounting firms are facing over the coming months is Making Tax Digital (MTD).
Capium sees this change as an opportunity for accountants to be more efficient, give better service and to increase the profitability of their firms. To this end the software suite operates under three core principles - capture, connect and collaborate.
Digital shoeboxes and MTD 2.0
The capture element of Capium's principles focuses on data capture and what Travis calls digital shoeboxes. The onset of MTD means that the well worn image of a client handing over a box of reciepts to their accountant must be replaced with receipt scanning through and app with real-time acceptance of that data into bookkeeping software.
Connection covers the connectivity of Capium's software which intuitively maps data into the correct places for ease of processing for example data that filters through between bookkeeping, accounts production, corporation tax through to their practice management software.
The final principle is collaboration. Capium hopes to empower accountants to engage with clients on a regular basis, keeping them abreast of deadlines and tasks as well as giving them the opportunity to keep you informed on a real-time basis. Giving them access to collaborative workspaces and e-sign tools.
This whole product approach is designed to make MTD for VAT and easier hurdle to come as well as prepare accounting practices for future versions of MTD.
In this quick fire section of the showcase Francois and Travis cover some frequently asked questions about the Capium product itself including:
- How does Capium improve accountants' bottom line?
- Does Capium have a bridging software solution?
- What is the pricing structure?