Time is usually considered to be one of the most valuable assets for accountants.
A good BI solution will reduce manual work tasks so that you can free up time to become your customer’s best financial adviser.
With a good BI solution, you should be able to present reports and key figures to your customers at any time, so customers always have access to fresh data. A complete online solution makes this possible.
The digital transformation results in that business services are to a greater extent expected to be offered on digital platforms. This also applies to accounting services, it has become more and more common to order accounting services directly online.
There are many digital marketplaces that customers can visit to retrieve information about accounting services, and quickly compare reviews and competencies for accounting firms.
In addition, today’s customers often need more than “just numbers” – they want business advice based on their financial data. Therefore, it is important to ask the following question: “can we offer a complete digital BI solution for our customers?”
We want to highlight how accounting firms can grow their businesses by investing in a powerful Business Intelligence (BI) solution.
A flexible BI solution that provides great opportunities for creating custom reports is also essential to meeting your customer demands. Custom reports provide your customers presentable data as they want to see it, which contributes to better financial control and decision-making.
Customized reports also help to emphasise factors that are particularly important to your customer’s success. Often, a lot of time is spent on daily operational tasks that make it easy to forget the overall goals.
With a personalised dashboard that displays updated key figures, the customer can easily locate, for example, outstanding claims, balance year-to-date, actual to budget, which customers are most profitable, etc. This enables the customer to stay up to date on critical success factors and quickly show trends and challenges.
Expectations of an accountant seem to have changed progressively. Providing advanced advisory that gives the customer a solid ground for decision-making is becoming more and more crucial. The increased digitalisation also means that the accounting firms services are expected to be offered online. A flexible online solution makes it easy for the customer to get access to their reports and keep up to date on their financial situation. A powerful BI solution enables the accounting firm to meet today’s customer preferences and create added value for both the customer and the accounting firm.
OneStop Reporting will be on Stand 526 at Accountex on 1-2 May.