Efficiencies of over 25% in Accountancy

We are working with a number of Accounting practices to deliver efficiencies of around 20% measured across all staff. Your investment will be relatively small (we expect a ratio of "predicted annual benefit" to "total project cost" of around 5 or more, to 1, within the year).

If your organisation spends a great deal of time gathering data from client systems, and then checking, cleansing and validating it - we have the knowledge to help you implement practices, policies and competence to achieve substantial savings of time of your staff. 

    The Accounting Revolution is here, now.

        Take advantage of the opportunity.

            Artificial Intelligence is not needed to create benefit. 


You may already have the tools to achieve this efficiency, though it is unlikely that your general staff have the relevant skills and competence necessary. We have been training qualified and experienced accountants for years, and expect that your staff will be similar to their peer group in the industry. 

As an employer - for every 10 staff you employ - you can look forward to either a cost saving of over 20% or you could increase chargeable revenue by genuinely adding value for your clients - using the time saved in a constructive way.  Or, perhaps, you want to reduce your price and make gains in volume? 


 
 
 

What you will need:

There are three components that need to be marshalled well: 

1. The number of staff you have who are involved in accounts preparation, reporting and analysis will affect the size of the project you will need to initiate. One key aspect to this initiative is the involvement and understanding of your staff and colleagues as it is their way of working that must change. Our experience tells us that they are expecting this change already, but do not know what form it will take. 

2. Your IT infrastructure, the means of its operation, the standards you have adopted (especially in security), and the way that technology is treated genuinely matter. If your approach to IT expenditure has been to minimise cost, you should not start this implementation with us. If your approach is to provide skilled people with the tools they need - you are very likely to be successful.

3. Your clients and their interaction, data quality and data openness will dramatically affect your experience of success. If they seek to reduce their net costs - this bodes well for a successful and fruitful engagement. One significant improvement to the relationship will be that of measurable benefits being gained by both parties. 


 
 
 
Project Timescale

You will need a reliable and knowledgeable person to project manage and lead the implementation in your business. Better still, have a small project team that will include your key divisions and departments.  

For each department to implement the changes, the stages are:
  • Project comprehension.
  • Gather personal knowledge.
  • Agree data structures and protocols.
  • Implement.
  • Monitor, review and modify as necessary. 

It is possible to implement these changes within 3 months in one department, where everyone understands quickly what is needed, and IT become facilitators rather than barriers. For some, it may be that  a phased implementation is sensible - this may depend on your clients and external constraints.


 
 
 

What is the cost?


Fundamentally the total costs will reflect the time taken to deliver what you need. This will vary according to the number of staff you employ, and the level of their expertise in Excel.  
In this project there will be the following costs: 
  1. Initial key person knowledge creation
  2. Technical Planning
  3. IT implementation 
  4. Roll out to department
  5. Training of staff
  6. Roll out to client interface
  7. Monitor and improve
We operate on the basis that you will have a much more successful implementation if your staff lead the change, and not our consultants. Use us as your specialist and knowledgeable experts and advisers - this will minimise external costs and maximise the gain from success.