The program includes an AR module for managing client balances, with alerts that can warn users and management of past-due clients or client budget overages. As with invoicing, statements and dunning letters can be emailed to clients from within the program.
ProSystem fx Practice Management provides project and time tracking capabilities, productivity analyses, budget tracking and milestone measurement. Additional tools are available for marketing and client management, as well as for tracking staff CPE and other in-house training activities. Managerial reporting options include 70 standard options that can be customized with the built-in report writer or output into Excel format for further customization. Reports can also be saved to PDF. The program includes extensive security features, including access rights and the ability to copy user permissions for departments or account teams.
INTEGRATION & DATA MANAGEMENT:
ProSystem fx Practice Management can generate reports and client deliverables such as invoices and collection letters into multiple formats, including PDF, Word, Excel and text. The system integrates thoroughly with other programs in the ProSystem fx Suite, including Tax and Write-Up. Integration is also available with Outlook for contact management and time entry functions, as well as with Sage’s Abra for payroll, and MAS 90, MAS 200 and MAS 500 for GL purposes. The system offers direct emailing of client billing, but does not offer a built-in electronic payment utility. A web-based utility is also available for entering time and expense data.
ProSystem fx Practice Management has traditional Help functions along with additional assistive features such as right-click menus and context-specific guidance. CCH’s support website includes knowledgebase articles, program updates and forms, along with access to the firm’s CCH account, but would be better rounded out with the addition of tutorial videos and an online user community. Program updates, which must be maintained by the firm, and live technical support are included in pricing.
SUMMARY & PRICING
Built on .NET, ProSystem fx Practice Management uses the most modern technologies, which enables it to provide an intuitive work environment with extensive personalization capabilities and strong integration with other programs in the suite as well as with third-party programs. The system is best suited to firms using other components of the ProSystem fx Suite, particularly for tax and engagement management. Pricing for Practice Management starts around $2200 for a 10-user license.