Staff Writer AccountingWEB
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Nomisma undergoes facelift

All-in-one cloud practice program Nomisma recently introduced a new user interface to accompany a host of product and pricing updates. 

5th Mar 2020
Staff Writer AccountingWEB
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Integrated accounting software provider Nomisma began 2020 with a punch, updating several modules in the suite it now calls Practice Tools.

The rebrand includes updates to four modules:

  • CRM and practice management: In contrast to other practice suites, Nomisma includes a built-in CRM system that captures leads, and can send personalised bulk emails and text messages to stay in contact with clients and prospects.

  • Proposals and contracts: The proposal section now includes a pricing matrix to produce quotes quickly and efficiently, including options to apply value-added pricing. When a quote is accepted, accountants can automatically generate contracts and letters of engagements to be digitally signed within Nomisma.

  • Onboarding: Once a contract has been signed, the accountant is now given a complete onboarding process based on the services selected within the quote. The software will take the client through a sequence of anti-money laundering checks, agent authorisation with HMRC, professional clearance, billing arrangements and data collection for all the specified compliance needs.

  • Company secretarial: Users can now file statutory accounts from Nomisma directly with Companies House and HMRC. Built-in tools are available to incorporate limited companies, maintain share registers, and update officer information or registered office addresses

Nomisma has also built-in links to the TrueLayer bank feed toolkit so the platform can download transactions directly to be reconciled with documents uploaded with its receipt capture function.

New user interface

To ensure these features are easier to access and use, Nomisma added a new user interface at the end of February. 

“The whole system has had a facelift with a more intuitive working experience that applies across all the modules,” said Nomisma business development manager Ashleigh Hall.

According to Hall, Nomisma stands apart as the only cloud-based practice suite that combines everything from bookkeeping and payroll to accounts production, tax and CRM.

First introduced in 2014, Nomisma has evolved in the testbed of Accounting Excellence Award finalist DNS Accountants. As the firm has grown and developed, it has been able to adapt its “one software solution” to its specific needs. As a result of all this practical input, Nomisma can cater for practices of all sizes, Hall said. 

However, don’t call Nomisma an “integrated” suite in his earshot. “The word ‘integrated’ implies that other third-party software is connecting to it. [Nomisma] is completely interconnected.” So, for example, the payroll module could be used by a separate manager, but the bookkeeping and self-assessment entries would be automatically downloaded. 

“It takes away the administration elements,” said Hall.

Aside from the interconnections and functional differences, Nomisma is part of a new wave of suites such as Capium and Taxfiler that are beginning to lure practices away from the older generation of integrated desktop suites. According to Hall, “the ease of use and efficiency-driven working, and the reduced cost of the software” are the key factors driving this trend.

Coming soon

Cloud software is always evolving, moving on the facelift and functional updates, the program’s developers are working on a full integration with end-user integration app Zapier that will connect Nomisma with over 2,000 different platforms. This project will be supported by the WalkMe onboarding and training tool to encourage users to make use of the Zapier links.

After that, an employee mobile app is planned to let client employees request annual leave, submit expense claims and view their payslips.

Charging process and fees updated

The small practice cloud software market is becoming extremely competitive, which may explain a pricing change to accompany all the recent Nomisma enhancements. In a bid to simplify its charging process, Nomisma this week changed its subscription fee to £7.50+VAT per client, per month, with no limitations to the number of business users or devices that can log in to Nomisma. This fee will give users access to all eight Nomisma modules, along with its receipt capture app and employer/employee payroll portal

Previously, it charged £65 per user, per month for its basic package, and £120 for its premium package.

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