How we enhanced the productivity of a medium-sized UK accountancy practice
Overview
Our client is a medium-sized Accounting firm. They specialize in Healthcare and deal with all accounting features for these clients, including business and personal tax planning, bookkeeping, annual accounts, payroll, VAT and self-assessment returns, Assurance, Audit, and Advisory.
Business challenge
Their Bookkeepers and one of the senior manager was going on maternity leave and they have been following the traditional methods until now in recording the transactions. Now the firm was looking toward advanced technology like incorporating features like AI and Cloud Accounting. The firm was facing the challenge of completing the work before the deadline with a lot of pending work and having a smooth transition to the cloud infrastructure. And hence they were looking for more reliable team support to achieve their firm’s goal leading to added flexibility and quick turnaround time.
How we helped
Our Business unit penned down the entire course of action required to help the firm.
The following steps were undertaken to achieve the firm’s desired goals.
Integrated well-planned and efficient workflow management to enhance the entire process with great efficacy.
With the help of AI, bookkeeping services smoothened recording transactions and also in the reconciling process.
We ensured to schedule regular weekly calls were held and attended by the support team at Audentia.
We provided them with a highly experienced team with a minimum of 4 years in Accounting and Taxation with expertise in Cloud Accounting.
We then maintained a regular reporting and tracking mechanism with regular follow-ups, thereby enhancing the turnaround time.
We also ensured high-quality levels were maintained, ensuring two levels of quality check with a minimal review time for the Client’s Managers.
Services delivered
We ensured to arrange regular calls with the Bookkeepers who were about to retire along with our team to ensure we had a relatively decent understanding of the files of the end clients and thereby guaranteeing the takeover was smooth.
Managed and Finalised Accounts
Prepared Self Assessment and Corporate returns.
Reduced their operations cost by 50 percent.
It reduces the managers’ review time by providing them with a dedicated team and two levels of quality checks with zero additional cost.
Supported dual monitors to the Accounting firm’s staff at Audentia with zero additional cost to ensure more flexibility by multi-tasking, thereby increasing productivity.
We provided them with the highest amount of productivity with zero admin or training hours.
We provided our client with 150 billable hours per Full-Time Employee without including any Admin or Training hours in the billable hours.
