BDO and Receipt Bank, the bookkeeping productivity provider, have entered into a technology partnership, it has been announced.
Receipt Bank said that the partnership will combine its “market leading tools and process consulting with BDO’s team of expert advisors and regional networks to provide a technology-driven, value-focused service for businesses all over the UK”.
Under the partnership, BDO has implemented Receipt Bank’s “data submission and extraction technology” to improve efficiency, and automate manual processes. The technology has also enabled the firm to centralise information processing for its UK offices.
Receipt Bank has also adopted a consultancy role, conducting workshops and providing onboarding advice for the firm.
Alexis Prenn, co-founder and CEO at Receipt Bank said: “We are committed at Receipt Bank to helping accountants and bookkeepers use technology to improve their efficiency and offer more value to their clients. We work with our partners to zero in on how we can help them accomplish their goals, so they can do the same for their clients. We are proud to be playing an integral role in helping BDO get the most out cloud technology for the businesses they work with.”
Rebecca McClure, director of operations, business services and accounting at BDO said: “Customers choose BDO for our high level of service. Technology like Receipt Bank is key to delivering that, including using their Practice Platform dashboard to increase visibility across all of our clients and to track our bookkeeping efficiency. The hours that Receipt Bank’s tools and processes save us mean that we have more time to engage with our clients’ business issues and fully support them in achieving their ambitions.”
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
With 65% of UK accountancy practices already using or planning to use cloud accounting software, Paul Haydock of DueCourse examines four reasons why SME owners should consider a cloud-based service