Strategy and Development update
The Evolution of the Paperless Practice
Tools for a Relationship Focussed Practice
Cloud Strategies for Practice & Clients
Agenda
Trends in the Accounting Profession
New Business ModelsOutsourcing
ExpectationsNew Revenue Streams
Integrated reportingProcess Efficiencies
Access financial data from anydevice with an internet connection
Engagement Model
Subscription Pricing
Extend Support Hours Aus & NZ
Training Videos
Massive Development Investment
Value For Our Clients
Managed network folders
Scan & file paper on completion
Shared Email folders
Publish to paper
Manual collection of Client GL data
Phase One – Entry level
ACTIVITIES
• Scan job-related paper on arrival
• Eliminate paper at source
• Minimise paper produced
• Paper-based review processes
• Publish by e-mail
• Limited importing of Client data
CHALLENGES
• Misfiling
• Limited doc search capability
• Poor security
• Manual version control
• Enforcing practice templates
• Duplication
Phase Two – Committed
Business drivers:
Collaboration
Client expectation
Outsourcing
Remote workplace
Business continuity
Next Evolution
All incoming paper scanned, OCR, routed
Enterprise level DMS
Integrated client portal
Intuitive Email management
Electronic compliance process
Paperless practice administration
Phase Three - Comprehensive
All incoming paper scanned, OCR, routed
Enterprise level DMS
Integrated client portal
Intuitive Email management
Electronic compliance process
Paperless practice administration
Phase Three - Comprehensive
Trusted Advisors
Business Coaches
Virtual CEO/CFO
Family Office
Financial Services
The Firm of the Future?
“We need to deliver more value.”
“We want to plan and host regular client events”
“We want to be more proactive with clients.”
“We need to leverage our referral network.”
“Can we systemise our non-compliance services?”
Defining your Future
Start with your “Why?”
Inspiration for the future:
• Evolving your business
• Developing your people
• Servicing your clients
The End of Geography
Some of the most important inventions - last hundred years:
Air conditioning - which made it possible to do productive work in any climate
Credit cards - which enabled transactions to take place at a distance
Television - which homogenized 150 world cultures into just a few
Federal Express and container ships- which made the transport of physical goods both dependable and insanely cheap
The internet - which moved information from one end of the world to the other as easily as across the room
Cell phones - which cut the wires
“If you're still betting on geography, on winning merely because you're local, I hope you have a special case in mind”.
Seth Godin – 02 Feb, 2015
Two Sectors of Cloud Computing
Cloud Software(Software as a Service)
Cloud Infrastructure(Infrastructure as a Service)
Business Productivity Apps
Evernotenote-taking
LogMeIn remote desktop
Drop Boxcloud storage
Microsoft Worddocument generation
Basecampproject management
Duet Displayuse iMac with iPad
GoToMeetingweb training
Skypevoice/video meetings
1. Value for Money
2. Simplicity & Flexibility
3. Mobility
4. Business Continuity
Why Private Cloud?
1. Determine your needs
2. Audit your existing infrastructure
3. Provision your pilot environment
4. User Acceptance Testing
5. Data migration
6. Go Live
How do we move your Practice into the Cloud?
Business grade broadband connection
Upload speed is important
Speed to suit employee numbers and usage profile
Unlimited data gives budgetary certainty
Connecting your Practice to the Cloud