IN FIRM Integration & Streamlining Opportunities

From the August 2008 Issue

Summertime in tax and accounting firms provides one of the few lulls in activity that allows firms the opportunity to evaluate and implement new products to streamline their core production processes. The transition to a digital environment is making firms evolve how they are creating, storing and linking information that was simply not possible in a paper-based environment. In many cases, today’s digital information can be integrated with other applications either directly or through import routines, both saving time in re-keying this data, as well as by reducing the time required to reconcile the information in multiple locations. While the obvious place to look for integrating your accounting tools is within the same accounting product suite, there are also opportunities to link generic data from different vendors. Below, is a list of the best locations to evaluate for integrating your applications and taking advantage of the capabilities within today’s accounting applications. Spending time now looking through these features within your firm’s accounting products will save you time in the long run.