accounting

Accountancy firms have many challenges to meet, and the software they use must be able to help them rise to the occasion. From data collection, management, and analysis, to risk management and maximising growth, there’s a great deal of ground to cover. At the same time, software must be able to help organisations provide clients with a superior customer experience. Clearly, there’s strong potential for ERP software to be a powerful asset for accounting firms, providing that the software addresses and
meets the organisation’s specific needs.

 

  • Within the financial sector organisations are constrained by different sets of regulations according to the country in which they operate. ERP software can help firms ensure they adhere to relevant regulations no matter where they operate, making it easier to compete in the global marketplace.
  • Transparency and ease of information flow are vital for ERPs designed for accountancy firms, because when data is freely and easily available, firms are better able to help their clients make sound business decisions.
  • A centralised database for managing client information makes it easier for the firm and individual employees and partners to track contacts and clients, and perform other essential data-related operations.
  • Integrating client records, billing, resource planning, financial planning, and other tasks into one seamless operating system makes every system more efficient, reducing redundancy and wasted resources.

In short, the right ERP software provides a firm with fast and easy ways to access, track, and manage a huge variety of information. And with all the essential information close at hand, firms can move beyond the “number cruncher” role to provide clients with valuable business insights.