Accountants

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Bookkeeping - An Accountants Dilemma

Everyone’s world is changing - no one is exempt..! Downward pressure on billing rates, increased competition from different sources and the need to innovate are daily challenges faced by members of the accounting profession. In addition, recent years have brought increased regulatory pressure on almost every area of operation for accountants working with clients. 

One service particularly affected is bookkeeping, which is one area that, if at all possible most accountants want to automate, primarily due to the time and effort required to support clients with very little return if any. Poor bookkeeping, bad data and ineffective processes within a clients company may seem like an obvious business opportunity. However, this circumstance can in fact be the very block to engaging on a basis that offers affordable value for both an accountant and their client.

So - How do you react when your established client whose year end books reflect the tough economic times, questions your fee bill and suggests that you need to be ‘sharing his experience’ or he’ll be taking up with one of your competitors who promises to do it cheaper and better?

So - What do you offer back to the client who from the heart says - “There must be a simpler, easier way of doing all this?” The same client who complains - “I can’t get on with building the business at the front end because of the back end paperwork!”

Cloud9 creates the opportunity to change the relationship dynamic to the benefit of both the Accountancy Practice and the Clients’ business. It facilitates you delivering enhanced services to satisfied clients from your existing practice resources and achieves greater value and return for both parties.

Some online accounting packages may help with the exchange of data and processes between an accountant and their clients. Cloud9 offers the power of 4 delivering real time efficiency, control and visibility. (1) A single system with one time data entry across all business channels (2) Real-time automated business processing driving control risk management. (3) Automatic updating of all the financial ledgers for complete financial control. (4) Real-time reporting and analysis to provide true business visibility across the enterprise for a business and its advisors.

Cloud9 will simply yet fundamentally reduce operational costs and improve how your clients service their customers while growing more profitable business. Both organisations also get the expected benefits of online accounting.

The recommendation that most Accountants want to hear when one client is introducing them to another is:

“Talk to this person about your business….. because he/she is more than an accountant!”

If it’s time for your practice to innovate towards meeting today’s changing demands - you can move positively to a better bottom line with Cloud9. We can help you generate growth and profitability for both your practice and your clients businesses. Cloud9 will protect and grow your fee base - building increasing and recurring annual revenues for your practice.

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