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 features of accounting 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 towards 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 whole lot of pending work and also have 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 that was 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.
Bookkeeping services with the help of AI smoothened recording the 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 maintaining 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 have a fairly decent understanding of the files of the end clients and thereby ensuring the takeover was smooth.
Managed and Finalised Accounts
Prepared Self Assessment and Corporate returns.
Reduced their operations cost by 50 percent.
Reduced the review time of the Managers by providing them a dedicated team and two levels of quality checks with zero additional cost.
Supported dual monitors to the Accounting firms staff here at Audentia with zero additional cost to ensure more flexibility by multi-tasking and thereby ensuring increasing the productivity.
We provided them with the highest amount of productivity with zero admin or training hours.
We provided our client with a full 150 billable hours per Full-Time Employee without including any Admin or Training hours in the billable hours.
