The cloud has given accounting firms a major opportunity to automate their accounting practices. However, many firms are yet to realise it can also improve the efficiency of administering their office and delivering services to their clients.
Lately there’s been a huge swing in accounting circles towards setting up offshore teams to reduce costs and become more scalable. But while the move paid off for some firms, for others it has been nothing short of a disaster.
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It’s great to see firms moving their clients to the Xero platform. But I’m amazed at the number of firms that aren’t taking advantage of it. For me, one of Xero’s biggest drawcards is being able to offer clients a completely new business platform.