6 min read

Workflow 101: How to Choose the Right Workflow Solution for Your Organization

By Hillarie Diaz, CPA on 11/30/20 9:00 AM

Topics: Technology Workflow & Productivity Enablement Productivity Enablement Workflow 101
4 min read

4 Ways to Combat Slow Growth in your CAS Practice

By Michelle Voyer, CPA, MBA on 11/23/20 9:00 AM

We know all of the stats about how Client Accounting Services (CAS) practices are the fastest-growing service lines in accounting. A CAS practice's average growth rate is 12-15% per year, but what if your firms' CAS practice isn't performing to expectations? If your existing CAS practice isn't measuring up to industry benchmarks, it's time to dig into the factors affecting its growth. Start simple - go back to basics and assess the business plan. Don't take anything for granted; question each of the underlying assumptions the firm made during the planning process.

Topics: Growth Client Accounting Advisory Services Outsourcing Cloud Technology Client Services
3 min read

Emerging Trends in Workflow Technology

By Jairam Padmanabhan on 11/16/20 9:00 AM

You’ve no doubt heard it – COVID-19 has accelerated the adoption of cloud technologies and work from home by at least five years. But what does that actually mean?

Topics: Technology API Cloud Technology
1 min read

Use a Holistic Approach to Actually Solve Your Workflow Problems

By Hillarie Diaz, CPA on 11/9/20 9:00 AM

A common misconception about workflow is that organizations will experience significant productivity gains using a point-solution to target specific pain points. And yes, highly specialized tools such as data collection or tax return tracking can provide some limited benefits. However, the simple truth is that these narrowly focused tools will never provide the same scale of productivity and efficiency gains that a customized, automated, end-to-end workflow and productivity solution can provide.

Topics: Workflow & Productivity Enablement Public Accounting
4 min read

Combatting Communication Fatigue: Remote Work Productivity Tips

By Hillarie Diaz, CPA on 11/2/20 9:00 AM

The accounting industry is exhausted. We all know it, and we’re all experiencing it – the CARES act, the extended (never-ending) busy season, and COVID-19 restricting much of how we blow off steam are all contributing to this feeling of exhaustion. It’s especially clear in the tenor of casual conversations online lately – from email auto-replies that someone’s team is taking a “much-needed break” to statements online that they “can’t handle another government announcement.”

Topics: Your People Remote Staff Employee Engagement COVID-19
3 min read

The Hidden Costs of Projects

By Hillarie Diaz, CPA on 10/29/20 9:00 AM

Every project has a known or starting cost. Creating a budget is a natural part of any project. However, all too often, additional unexpected costs will creep up, not only within the known project costs but also as opportunity costs and resource costs. These hidden costs can make the difference between success and failure – and between project completion and abandonment.

Topics: The Process Workflow & Productivity Enablement
6 min read

2019 Tax Season in Data: 10/15/2020

By Mark McAndrew on 10/22/20 9:00 AM

Welcome to the ninth installment of the tax season in data, for the period ending 10/15/2020. Congratulations, tax filers, the last deadline of the year has passed!

Topics: Technology Industry Tax Public Accounting COVID-19 Analytics Tax Season in Data Tax Season 2019
3 min read

Workflow 101: You Should Document Your Workflow – Here’s How To Do It

By Hillarie Diaz, CPA on 10/19/20 9:00 AM

Whether you realize it or not, your organization already has some form of a process in place for moving work around your office. It may not be well-documented or standardized, but it exists. However, there’s a significant difference between a workflow documented ad hoc and one deliberately documented to capture the end-to-end process.

Topics: The Process Productivity Enablement Workflow 101
6 min read

8 Questions You Need to Ask When Interviewing Tax Outsourcing Providers

By Ray Barlow on 10/15/20 9:00 AM

Three months ago, firms – and exhausted tax staff – celebrated the end of an extended busy season. However, celebrations may have been a little muted as many immediately turned their eyes towards extension season. And now, even as extension season ends, forward-thinking firms are looking towards the 2020 busy season. As Managers and Partners begin to plan tax strategy meetings, one of the topics typically discussed is the value of utilizing tax outsourcing services, and with good reason. Firms who utilize tax outsourcing services see an average increase of 8-15% in returns completed during tax season (based on an analysis of firms utilizing XCMWorkflow®).

2 min read

Skills Needed for Building an Effective CAAS Team

By Roman Kepczyk, CPA, CITP, PAFM on 10/13/20 9:00 AM

With information technology eliminating most geographic boundaries, generalist firms will find it increasingly harder to compete with niche specialists who have differentiated themselves with more expertise and process efficiency, particularly those targeting CAAS (Client Accounting and Advisory Services). Firms will find that there are different skills required to optimize the delivery of advisory services including not only technical and consulting skills but also project management and marketing skills, which requires a team approach.  Does your firm have all the necessary skills covered?

Topics: Growth Industry Client Accounting Advisory Services Cloud Technology Public Accounting