Ahead of the curve with premium outsourced finance and accounting services
2 minute read
The outsourced finance and accounting practice group of Armanino provides the support many clients within the non-profit and school niche need to understand the essential metrics of their finances and get their books in order. The firm sees many of these clients who are often forced to spend a lot of time on their finances instead of focusing on education. That was the case with their client, St. Mary of the Immaculate Conception school, they were firmly in the red. The firm helped the school get out of the red by providing timely, accurate financial data and dedicated advisory support. Through the firm's staff expertise and their advanced technology platform, comprised of Intacct and Bill.com, they have developed a service to meet unique accounting requirements.
Leading Clients in the Right Direction with High Value Advisory Services
2 minute read
Warren Averett knows what it takes to lead clients toward long-term success with dedicated business advisory support. The firm has focused on developing professional staff and implementing powerful cloud-based solutions, including Bill.com and Intacct to support their clients' expanding need for deeper financial insight. The increased collaboration with clients has allowed them to get to know their clients on a deeper level and bring a better solution to the table.
Founded in 1965, this New York-based firm employs approximately 1500 staff, both in the US and internationally. After merging with a firm that was using XCM, EisnerAmper saw for themselves that XCM supported everything their existing system did – and so much more. The firm’s Tax Partner, Jeffrey Chazen was particularly impressed with how XCM helped them go paperless, maximize staff capacity, and ensure that e-filing deadlines are met.
Download this success story to learn about how this large firm used XCM to achieve clarity across multiple locations.
Using Expensify has allowed HPC’s clients to save up to 50% of their time submitting expenses. By implementing automation, HPC’s clients have completely removed paper and data entry from expenses. Take a look on how HPC adopted Expensify, and learn how your firm can utilize it as well.
Real Estate Company Jamestown Navigates the "Perfect Storm" with XCM
2 minute read
Jamestown manages $9.4 billion of assets as a commercial real estate company. Sandi Holtzman, CPA, senior tax manager at Jamestown, explains how her company’s partnership with XCM prepares her team for any situation — from managing tremendous volume to unforeseen staffing changes.
Advancing workflow for more efficient and secure audit engagements
Learn how Katz, Sapper & Miller were able to increase their audit workflow efficiencies to help manage their 600+ audit engagements a year. Read how utilizing Confirmation.com's online audit confirmation platform helped the firm streamline their process and save time.
Santora CPA Group: Transforming the Tax Process from Cumbersome to Streamlined
With a growth rate of 27% over two consecutive years, Santora CPA Group knew they needed to streamline and automate tasks to keep up with their increasing workload. Their new XCM system took just two months to set up and went live right before tax season. Learn about how this 35-person firm used XCM to improve visibility and task tracking while transitioning to a fully paperless, streamlined practice.
Keeping the Promise to Offer Staff a Sound Retirement Plan
Read how TBK opened their own firm and utilized the benefits of the AICPA-Firm Based Retirement Program to set up a 401(k) plan at their firm. Learn how they made the decision to use the AICPA retirement program and the benefits it provided to their growing staff.
Differentiating Client Services with a World of New Options to Address Client Needs
Looking to set his firm apart, Javier Goldin recognized the potential to marry technology with CPA services to offer a better platform for clients. Technology has allowed him to build an automated, streamlined internal infrastructure that enables staff to serve clients in a highly efficient manner. This has opened a whole new world of options to address client needs, and has allowed the firm to serve clients as true advisors.
IQ BackOffice combines operational expertise with best-in-class technology to deliver customized client solutions. As the firm moved into full-service outsourced accounting, they researched various cloud-based technologies, requiring a robust solution that could meet their clients’ complex accounting needs. With Intacct, IQ BackOffice has been able to provide the real-time reporting clients need. Clients and partners benefit significantly from fewer errors, lower costs, as well as faster access to data and stronger controls.
An Accounting Evolution: Experienced professionals share their journey to cloud-based client accounting services
The evolution of outsourced accounting, what is commonly referred to in some firms as finance and accounting outsourcing (FAO), has largely been fueled by technology. Advanced cloud applications that easily integrate and offer scalable, cost-effective platforms have put FAO services in reach of many. Convenient to manage, these advanced platforms give way to standardizing processes firm wide to improve operational efficiencies significantly.
The FAO professionals at RSM have long been riding the outsourced accounting wave and offer firsthand knowledge and insight into how best to make the transition to FAO and the cloud.
Wiss & Company Implements true workflow automation that delivers with XCM
Learn how one determined tax administrator led her firm to end-to-end workflow automation—one department at a time. By adopting XCM, the team at Wiss & Company now knows what true workflow automation feels like.
Adopting XCM was one of the best moves the firm made—elevating workflow efficiency to unprecedented levels and finally ridding the firm of long-time paper-heavy processes. Starting with the tax department, which was jokingly referred to as the “Wild West” at the time, the implementation team was able to fully automate the tax workflow. Next on the list was audit, and from there the team plans to automate all departments firm wide.
Bordeaux & Bordeaux, a small-sized firm based out of Charlotte, N.C. faced challenges that most small firms face including staffing, tax seasonality, how to create client value and increase revenue. With the seasonal nature of tax work, which dictates most small firms' revenue cycle, the firm had to evolve its offering in order to build longer term client relationships that would allow for a continuous revenue stream. Learn how the partners' entrepreneurial spirit led them down the digital path, opening new doors for higher value client service, a consistent revenue stream, and greater growth.
PetersonSullivan CPAs adopts progressive business process
Less than 4 minutes
Our newest client success story spotlights the firm of PetersonSullivan CPAs, chronicling the firm’s journey to automation. The firm’s workflow manager, Jason Peyovich, explains how the firm proactively implemented Lean Six Sigma and took XCM to the next level to fully standardize and automate its tax workflow. Proactive efforts helped the firm effectively measure and analyze the tax workflow in order to refine over time. Today, PetersonSullivan is looking to replicate the tax process within other departments to bolster efficiencies firm wide.
Valderas Financial Solutions - Client Success Story
Learn how Paychex enabled Valderas Financial Solutions LLC to focus on higher value advisory services to their clients by helping to manage payroll with superior customer service and comprehensive expertise.
Client Success Story - Robert C. Alario, Certified Public Accountants, PC
This case study examines our own retirement committee member's firm and how they set have utilized the AICPA's Firm-Based Retirement program to help minimize administrative burdens and build a secure financial future for their employees.
WebsterRogers, LLP overcame workflow inefficiencies to significantly elevate client service. With Bill.com, the firm was able to reduce internal processing time for bills from hours to minutes, with clients cutting bill payment time by 50 to 75 percent. The migration to online review, approval and hosting of invoices and documents has allowed them to put vital information at the firm’s and clients' fingertips.
Putting the pieces in place to begin the digital journey
Vanacore, DeBenedictus, DiGovanni & Weddell LLP offers a glimpse at how they combined advanced technology with innovative strategy to move beyond traditional offerings and support clients with valuable CFO services. Attending the CPA.com Client Advisory Services Workshop was instrumental in helping them develop their strategy and ensuring their client accounting services department was set up properly and structured most effectively.
Choosing the best retirement plan for your firm: SIMPLE IRA versus 401(k)
Like many small firms and businesses, Carl Peterson and his wife Joan, partners in the firm of Peterson & Peterson Associates, weren't considering a 401(k) plan for their firm, mistakenly assuming it was too costly and complicated to set up and administer. So, initially, they narrowed their focus down to SEP and SIMPLE IRA plans. In this revealing and highly informative case study, you'll learn how Carl and his wife discovered the superior benefits and advantages of a 401(k) offered through the AICPA Firm-Based Member Retirement Program.
Skyrocketing client services to a whole new virtual level
Anton Collins Mitchell LLP combines an integrated cloud-based IT infrastructure with accounting expertise to deliver advanced virtual business solutions to clients. Bill.com not only enables them automate and streamline their clients' day-to-day business finances and bill management, but it also allows them to be the full-service, cloud-based accounting partner their clients can't live without.
Payroll Outsourcing, Client Success Story - Krueger & Associates
This case study examines the benefits of outsourcing payroll to a third party provider and gives a first-hand account of how it helped Krueger & Associates, P.A. relieve themselves of heavy payroll compliance work while generating higher value services for their clients.
Payroll Outsourcing, Client Success Story - Fulton & Meyer
This case study examines the costs benefits of outsourcing payroll to a third party provider. Read how Fulton & Meyer decreased their in house training costs associated with keeping up payroll regulation and moved their clients payroll processing to Paychex.
Berdon, LLP is a top CPA and advisory firm with nearly 400 professionals and staff at offices in New York City and Jericho, Long Island. Berdon initiated a project with a goal of standardizing the firm’s entire tax practice on a single workflow solution. This effort was no small undertaking in a firm that prepares more than 10,000 tax returns annually. After learning more about the XCM workflow system and how it would empower them to work digitally, the firm implemented XCM in just three weeks.
Confirmation.com's Role Uncovering the Peregrine Financial Group (PFGBest) Fraud
The manual confirmation process makes it possible for fraud to go undetected. With manual confirmations, you simply can't guarantee the reliability of the information you receive from responders. The information provided in the confirmation may not be from an authentic source. The person responding to the confirmation may not be knowledgeable about the information being confirmed. And, finally, the integrity of the information may have been compromised. A perfect example is the PFGBest fraud. Learn more in this short fact sheet.
Frank, Rimerman + Co. LLP leverages cloud-based solutions to build an efficient, scalable firm infrastructure that facilitates the delivery of higher-value services. Learn how the Accounting and CFO Advisory department supports clients requiring a broad range of services and support, using Bill.com and Intacct as their operational backbone. This has enabled them to provide comprehensive accounting services very efficiently and has given them the capability to provide dedicated advisory services that offer deeper guidance to clients.
Obliterating the Boundaries of Time and Distance with Robust Cloud Technology
Consero Global Solutions harnesses the power of robust cloud technology to provide full-scale finance and accounting services anywhere in the world. Discover how they built an automated, cost-effective platform that allows them to access real-real time data and provide more value to clients.
Leveraging the Cloud to Start or Grow a Vertical Niche Practice
Learn how one innovative firm leveraged cloud-based accounting and bill management solutions to create value for its clients' franchise operations.
This case study with C. Keith Willis, CPA.CITP, and Manager, Cohen & Company examines how one of the firm healthcare (chiropractic) clients was expanding its business into franchising and now needed more robust financial and benchmarking data, as well as real-time reporting to monitor its growing franchise operations. The firm research led them to discover the benefits of standardizing their client business and financial operations through a cloud-based accounting and bill management solution. As you will see in this case study, Cohen & Company realized significant benefits by moving its Business Process Outsourcing (BPO) services (the outsourcing of clientsҠback office accounting/finance operations) to the Cloud.
How Electronic Confirmations Enable More Accurate Responses, While Saving Time and Money (Schaffner, Knight, Minnaugh & Company)
Like many firms that use paper audit confirmations, the risk of human error is a potential problem. Ensuring confirmations are prepared correctly, sent and received in a timely fashion require precious billable hours that could be better spent performing the audit. Looking to save time and reduce costs, learn how this firm discovered a simple low-cost solution that can help reduce the risk of human error, while saving time and effort.
Centralizing The Audit Confirmation Process - How to boost productivity for your audit team and increase savings for your firm (Clark Nuber P.S.)
Like most firms performing audits, Clark Nuber's auditors would divide up the paper-based task of processing audit confirmations on 500+ audits per year. The auditors assigned to process the confirmations would interrupt other billable activities to spend time on confirmation requests, tedious work that could be better spent performing the audit. Learn how this firm centralized the entire audit confirmation process with a single administrative person to make audit workflow more efficient and auditors more productive.
Controlling Fraud Risk Within Your Company With a Secure & Free Online Audit Confirmation Solution
Responding to audit confirmation requests without a secure process in place can expose your company to fraud risk. Learn how Delta Air Lines and Microsoft Corporation discovered a secure and free online solution to this pervasive business problem that increased staff efficiency and eliminated the risk of fraud.
Electronic Audit Confirmation Workflow: How a CPA Firm finds efficiency in managing audit confirmation requests. (Zinman & Company)
Sending out paper audit confirmations is a tedious, time-consuming process. Learn how one progressive firm discovered the benefits of using Confirmation.com to confirm cash, loan and line-of-credit accounts, and to obtain cutoff statements. In addition to saving the firm a lot of time, the firm audit team is now able to prepare confirmations during the planning stage of the audit.