Productivity, Simply Enabled™: A Roadmap for Tax, Finance & Accounting Professionals
Tax, finance and accounting professionals are carrying a heavier burden every day as the pace of business continues to accelerate. Demographics, regulations, and technology are sure to change, making your job tougher and creating a business environment that can be both exciting and overwhelming. Too much time is spent dealing with legacy technologies, outdated business processes, and a workforce that is disengaged.
Download this infographic to learn from key takeaways from our recent webinar on strategies being deployed by today's best performers to drive productivity and maintain an engaged workforce. Access to the webinar recording and presentation slides are also included.
The complete audit process represents a vortex of tasks, hand-offs, reviews, and communication points across teams. Download this guide to learn how to take back control of your engagements with workflow, avoid key risk areas and implement workflow automation into process.
A common misconception within the audit community has long been that engagement management software is enough to execute a quality audit within budgeted time. And while this may be somewhat true for fieldwork, when you consider the entire A & A process — from initial scheduling to binder close — engagement management software, on its own, simply doesn’t cut it. The complete audit process represents a vortex of tasks, hand-offs, reviews, and communication points across teams.
Evolving to Cloud-Based Client Accounting Services
5 minute read
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.
Nexus is a concept that many of today’s business owners don’t understand. The confusion around nexus — what it means, the tax implications, and overall compliance — represents an enormous opportunity for firms looking to expand their advisor role with existing clients and add a new and recurring revenue stream. Download this whitepaper for your how to guide on providing nexus sales and use tax study services.
Understanding audit confirmation risks shared by the accounting and legal professions
5 minute read
Download our whitepaper to learn more about the risks associated with legal confirmations during the audit confirmation process. This paper discusses the shared risks between both accounting and legal professionals as well as reviewing ways to minimize them for your firm.
Emerging Trends In Workflow Processes and Productivity
2 minute read
Over the past four years, participating firms of the Accounting Firm Operations & Technology Survey have continuously rated workflow and efficiency as the top business and technology challenge in managing their practice.
A common error that firms make is to rely on a point solution to manage workflow instead of assessing the entire business process to identify redundancies, bottlenecks and inefficiencies that stump growth and productivity.
Download this white paper, Emerging Trends in Workflow Processes and Productivity, to learn the essential steps in mapping your firm's business processes and rise above the point solution “Band-Aid approach” to workflow management.
5 Ways to Help Your Clients With Common Human Resources Issues
2 minute read
In association with our preferred partner Paychex and Accounting Web, this whitepaper was created to give 5 tips on ways to help your clients with HR issues. Download this guide to see how you can help your clients navigate issues such as employee classification, hiring and growing employees, benefits and more.
Payroll Outsourcing - A Powerful, Profitable Machine for Accounting Firms
2 minute read
Our whitepaper helps you understand how outsourced payroll fuels efficiency, security, and cost savings for you and your client. Learn how to enhance your firm’s value and professional reputation, while freeing up firm resources to expand into more profitable, higher-value service offerings.
Your company’s finance and accounting departments are an integral part of business success, and any bottlenecks can impede company growth. By implementing the right workflow automation solution, companies can gain in efficiency, and streamline various critical processes.
This whitepaper provides an overview of four educational webinars which teach corporate leaders how to automate workflow, increase capacity and meet revenue goals. Get the key takeaways from each webinar in this easily-scannable guide.
8 Keys to Success in the Intacct Accountants Program
More and more firms are moving away from traditional offerings to provide year-round client accounting and financial advisory services.
Through detailed conversations with firm leaders in the Intacct Accountants Program, we've identified 8 Keys that have contributed to the success of top performers providing outsourced accounting services.
Download this guide which summarizes the 8 Keys to success and learn how the Intacct Accountants Program can help your firm in building and growing your outsourced accounting practice.
Explore the Benefits of Taxability Impact Reporting Services
The internet has opened up a new world of selling opportunity for your clients' business. At the same time, it has also created a great deal of confusion in terms of nexus and product taxability. This eBook offers you a roadmap for understanding the core obstacles of product taxability and discusses the high value service opportunities a taxability impact report will provide your firm – solidifying your place as your clients’ trusted advisor.
Addressing the Need for a Private Company Clearinghouse
Today's capital markets demand accurate and timely financial information. However, many private businesses continue to rely on outdated and unsecure methods to distribute financial statements and other key documents. This has led to uncertainty about the accuracy, source and validity of financial information, not to mention a greater risk of fraud.
This position paper explores the need for a sophisticated clearinghouse to streamline the flow of private company financial documents. It also examines the major trends and market demands impacting private company financial document exchange, including:
Demand for authenticated information
Digital transformation of financial services
Compliance requirements for the private company markets
Download this position paper to learn about the ideal features of a clearinghouse, which would reduce fraud and simplify the transfer of sensitive information securely to its destination.
Your guide to understanding workflow, why it’s critical to firm success, and next steps for implementation
The concept of workflow continues to mystify many in the accounting profession, and a definition that resonates with accounting, tax and finance professionals has yet to be developed. In the 2016 Accounting Firm Operations and Technology (AFOT) survey, workflow has yet again maintained a top spot as an ongoing business and technology challenge in 2016.
However, with workflow at the heart of efficient firm operations, it’s time for firms to move past the “challenges” and begin implementation of a powerful, productivity-enabling workflow solution. This guide provides a clear roadmap for getting started with workflow at your firm. Let’s demystify workflow – once and for all!
Mergers and acquisitions are a mainstay within today’s successful firm business model. The key to a successful M&A is to have a clear idea of the most important factors and a clearly defined strategy in place for how to best address these factors.
Technology is at the top of this list, and after talent, is the single largest investment that firms can make.
Download this ebook to learn about the key factors for a successful M&A:
Assess Exposure Up-Front with Sales and Use Tax Services: Your Diagnostic Guide and Checklist
Clients look to you, their trusted business advisor, to coach them toward financial success. This includes assessing potential exposure issues with sales and use tax. This guide offers you a roadmap for walking your clients through the sales and use tax assessment process. Gain insight on which questions to ask and the next steps on assessing your clients’ level of exposure.
Today’s competitive landscape requires accounting professionals to be innovative. Not only do successful firm leaders maintain a focus on technology to support on-demand client services, but they are also consistently evaluating services to expand their advisor role and provide unprecedented value. Augmenting professional services with a sales and use tax offering is fast becoming a key differentiator within a highly competitive profession. Download this whitepaper to learn what steps your firm can take to move towards sales and use tax automation.
Limiting Your Sales and Use Tax Exposure through Automation
Though they represent multiple industries and interests, tax professionals have little trouble agreeing that compliance and audit concerns associated with missing or invalid exemption certificates is significantly challenging. With that in mind, this white paper will discuss the findings of two studies and show that when organizations automate their certificate and tax processes, they save money, expend fewer resources addressing their tax issues and reduce their audit assessments.
Are you Over-Paying (or Under-Paying) Consumer Use Tax?
A white paper written by John Minassian, Chief Sales and Use Tax Officer, Vertex Inc., reviews the intricacies of consumer use tax and why automating tax determination and calculation can dramatically affect your company’s bottom line.
4 Reasons for Retailers to Automate the Tax Process
Every retailer has a unique list of reasons why tax automation is the right choice for their business. This white paper written by Nancy Rieti, Senior Product Manager, Retail Solutions, Vertex Inc., explains four reasons why retailers should automate the tax process.
Evaluating Outsourcing Providers as an Extension of Your Staff
A whitepaper written by Stephanie Malin, Director of Vertex Managed Services, explores seven aspects tax professionals should consider when selecting a returns outsourcing partner. Each criteria will also provide suggested questions to pose to prospective providers.
Don’t be so quick to dismiss the idea of outsourcing the returns process. The right provider can yield significant benefits to your tax function. This white paper written by Stephanie Malin, Director of Vertex Managed Services, Vertex Inc. debunks the top five myths about outsourcing returns.
High performing firms are those that embrace change and have a strong focus on continuous operational improvement, specifically in terms of advanced technology adoption. The recent 2015 “Top Tech Trends” survey conducted by Bay Street Group, LLC, and in conjunction with CPA.com, sheds light on the 7 key habits of high performing firms—while offering insight into the challenges of low performers.
To help practitioners understand the habits that differentiate high performers from their low performing peers, download this new eBook.
Workflow: The Foundation of Today's Emerging Firms
This white paper explores results from the 2nd Annual Accounting Firm Operations and Technology Survey, the most complete picture on technologies adopted by U.S. firms of all sizes. Randy Johnston, CEO/Founder, Network Management Group, Inc. and Brian F. Tankersley, CPA/CITP, CGMA share key findings including, why workflow is gaining importance for firms of all sizes; how the options of workflow, document management and practice management compare; where larger firms are seeing significant cost savings (and where smaller firms can follow). Learn more about the shift in workflow adoption patterns and how you can maximize the strategic impact of workflow software implementation.
A guide to understanding the value of TRUE workflow automation for your firm.
Do you ever wonder how some firms run so efficiently? How they produce higher volumes of work in less time and with fewer resources? Standardized, automated workflow is at the heart of a well-run, highly efficient practice—and this happens when you have the most advanced workflow solution in place.
It’s not difficult to adopt workflow technology into your current practice, if you have a plan in place. This eBook offers a structured path for re-defining your own workflow and transitioning to unprecedented efficiency gains.
Understanding the Importance of Validation in the Audit Confirmation process
Discover the importance of validation and how it is essential to the audit confirmation process and why more than ever auditors need to maintain control over their audit process and the significance of directly communicating with and validating responders.
Welcome to the Fast Future... The CPA of the Future 2015 Study
Data from CPA.com's CPA of the Future study are in. This comprehensive report serves as a scorecard on future readiness of the CPA profession overall. Recorded statistics and projections are based on a strategic set of survey questions asked of CPAs from across the country, such as: How ready for the future are we as a profession? How ready are we to understand, guide, and prepare our clients for the fast future that is emerging? Dig in to this study for valuable insights into the state of the profession today in terms of future readiness... and the changes required to effectively prepare for what the future has in store.
The Case for Electronic Audit Confirmations - How to Detect Audit Confirmation Fraud
If you currently process audit confirmations manually, you know it can be a highly inefficient, time-consuming task. But there's a bigger problem: Manual paper-based confirmations can make it difficult for even experienced auditors to detect fraud. In this white paper, you'll learn how an automated electronic confirmation system can help you to detect, deter, and prevent fraud, and help your audit staff to save valuable time and effort, freeing them to focus more of their time on revenue-generating billable work.
Beyond Commoditization: Exceptional Service Delivery as a Powerful Market Differentiator
Does your firm deal in commodities? Traditional core CPA services, which generally include accounting, financial statement preparation and attestation, and tax compliance, typically drive and define most firms' relationships with clients. Unfortunately, though, they have become commodities in the eyes of many clients. In this white paper, Jim Metzler will discuss the six integrated components that will break this paradigm, allowing firms to move beyond market commoditization of core services.
Transforming Your Client Accounting Services - Accounting Firm Best Practices on how to Strategically Price, Package and Position Client Accounting Services within Your Firm
This comprehensive white paper will cover the challenges most firms offering client accounting services face today; a profile of six CPA Firms who are Leading the way in transforming this area of their practice; CAS strategies for the future: positioning; product/service mix; pricing strategies; place - identifying your ideal target clients; and leveraging cloud computing to improve profitability.
Charting a Better Course for your Clients' Business - Learn The 8 Critical Rules For Investing In A New Accounting System
Ensure you make the right decision for your practice by getting expert advice from one of the top Thought Leaders in Public Accounting, Geni Whitehouse, as she outlines the eight rules for investing in a new accounting system. In this white paper, you'll learn how a good financial and accounting system will propel your practice forward. How to turn client financial information into insights and be a true strategic partner and advisor to your clients; how to maximize resources with streamlined processes and give your staff the access they need to better collaborate with clients and make informed decisions.
Automation is Key to Improving Efficiency and Effectiveness of Audits
More and more firms are looking to increase the efficiency and effectiveness of their audits. Economic uncertainty and increasing fee resistance from clients puts additional pressure on firms to manage the efficiency of their audits. To help firms that want to increase the efficiency and effectiveness of their audits, the author of this white paper, Donny Shimamoto, CPA.CITP, CGMA, along with Alan Anderson, CPA interviewed a variety of firms that were both successful and unsuccessful in utilizing technology to automate their audit processes. The white paper examines strategies and factors that helped or hindered successful deployment of technology to support key audit processes. They identified eight keys that should help guide firms as they strive to improve the efficiency and effectiveness of their audits. Download this whitepaper to learn what steps your firm can take to move towards a more efficient audit process.
Buyer's Checklist for Workflow Automation: Does your firm need workflow automation?
As accounting firms move to a more efficient digital environment, workflow automation has emerged to manage work processes. A good workflow automation platform can help increase employee efficiency, productivity, and work flexibility; improves employee and client satisfaction; and ensures greater control and compliance. This paper will help you evaluate vendors, identify goals, and determine the resources and budget you'll need to oversee the effort.
Building Your Bullet-Proof Plan for Paperless Practices
This paper aims to help you better understand the merits of each approach to build a plan that's right for your business. Going paperless is not a one-size fits all endeavor. Organizations vary in culture, size, structure, processes, technology investments, and resources, among other things. Learn from the successes and the missteps from practitioners who have maximized their paperless investments to achieve immediate gains for your business, by building the right plan for your future, understanding essential technologies in a paperless environment, redefining your processes for a digital workflow, and creating a paperless culture.
Accounting Services - Harness the Power of the Cloud
A white paper based on research conducted by Dr. Geoffrey Moore – best-selling author, noted speaker and business strategist. The purpose of this white paper is to help accounting firms take advantage of new opportunities in Accounting Services brought about by the advent of digital technologies.
Discover New Opportunities for Outsourced Accounting Services During Tax Season - Summary Guide
Tax season is the time when many of your firm’s tax professionals are face to face with clients who may be strong candidates for outsourced accounting services. Is your tax team aware of your services? Are your clients aware of these services? In this tip sheet, we share ways to work with your tax team, including questions to ask clients to get them talking about their business and identify opportunities for accounting support.