How to optimise your compliance lifecycle
Compliance has become a tick-in-the-box commodity, rather than a service. Many accountants are therefore reviewing how they handle their compliance work and trying to identify opportunities to improve efficiency. Leveraging digital technology will be the way to stay ahead of the competition.
Successful firms and practices are currently putting their compliance processes under the microscope to shave minutes off every job. This time saving adds up to days, or even weeks, when replicated across their portfolio of clients, and enables them to transform threats into opportunities.
In this article, Senior Product Manager for Compliance at Wolters Kluwer Tax & Accounting UK, Dean Shepherd, explores the various ways he has seen successful accountants boost their productivity just by optimising the compliance lifecycle.
Through their experiences, you can find out:
· how to eliminate manual data entry and re-entry
· how to avoid manual intervention and paper-based processes
· how to adopt a paperless office space
Whether you are unlocking time to secure new services or clients, or looking to improve your customer experience, this article is a must-read.