Effective use of new tech in accountancy offices

This was the main topic for discussion at yesterday’s meeting of The Inner Circle for Accountants. I have summarised below some of the key issues members addressed.

We met at The Eight Club in Moorgate, London and Members again benefited from the sharing of knowledge and insights around the table. Inevitably we strayed onto related topics as will be seen from the summary below:

– Likes and dislikes about key practice software
– Software that members had tried but given up on
– Different approaches to CRM using software solutions
– Synchronisation issues and solutions
– Managing multiple client and prospect databases
– Workflow management tools
– Managing online marketing campaigns
– Pricing formulas and fee quoting software

One of our members is among, what he believes to be, less than 300 UK accountancy firms to have invested in a branded ‘app’. His views will evidently impact other members’ response to the heavy marketing push around this topic.

Half of the members present had been at Accountex last week and provided their feedback as to whether a visit is worthwhile and how to gain maximum value when you do go.

At the end of the meeting I invited members to share what were for them the key learning points and takeaways. I have since shared these with all members of The Inner Circle along with related links to save them time trying to locate them. I will also share a fuller note of the issues discussed and shared at the meeting in due course together with additional relevant ideas. In accordance with our Membership Principles all such notes will comply with the Chatham House rule.

The Inner Circle is a facilitated group of like-minded accountants in practice who share similar challenges – and are willing to help each other by sharing practical solutions.

Check it out and follow the link to watch the intro video and then get in touch so that we can discuss whether joining would be good for you and for your practice


By |2014-05-21T11:08:25+00:00May 21st, 2014|Inner Circle, No longer current|

About the Author:

Mark Lee FCA is an accountancy focused futurist, influencer, speaker, mentor, author and debunker.

One Comment

  1. Graham Smith 21st May 2014 at 12:16 pm - Reply

    Sounds like a great meeting, especially after the ‘sweet shop’ that was on offer at Accountex!

    Cloud/saas does seem to be the way forward, but to me there is a question unanswered that few in the industry do not understand.

    When I use a desktop application, and I want to transfer a client’s data, my old data is retained by me, and provided I have access to the software, and the hardware to run that software, then I can look at those records.

    With the cloud based offering, if I end a subscription, then it appears I lose access to that data. Some do promise a read only access to the data, but generally when the question is asked there is not a full acceptance of the issue.

    The assumption seems to be that you make your choice once, and then that is it for life. It makes the decision making at the outset very important.

    By the way, we have been using cloud based accounting software for 6+ years, and are great advocates.

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