Insights - Advisory
Stay ahead of your competition
Scale Up I Advisory I Finance
As Professional Advisers you should look to work closely with your clients and create lasting value and responsible growth to make their business fit for tomorrow. Building Advisory services are unique to each firm, we will keep you up to date.
Our insights provide a fresh perspective on tomorrow for SMEs and Accountants. Stay ahead of your competition and ensure you are taking advantage of the latest thinking for business strategy and client engagement.
Hierarchy, a great model for manufacturing companies and other businesses, is a poor fit with talent-driven organizations such as professional service firms. How should a professional service firm organize to achieve its strategic goals in today’s business environment?
Price: Offers Invited
Our Ref: DAMHLB
Robotic Process Automation is here, Progressive Accountancy Firms are already embracing the changes and building on the service offerings to their clients. I would urge all Managing Partners to consider how they would implement these changes and build new Consultancy based services for their clients.
They listen to their clients’ needs and understand their soft facts
They are knowledgeable about their clients’ sector, industry and economic environment
They have sector experts in house
Their clients are managed with a holistic approach and not by individual Partners/Directors
Thought leadership showcases commercial instinct beyond standard transactional work, and initiates new conversations with clients. 55% of clients say they are operating in a riskier business environment. As a result, they are keen to tap into the wealth of knowledge and insight among professional advisers to get a better steer on the issues, risks and opportunities impacting their business.
I know compliance is a big concern for you right now. As clients take the plunge and migrate to the cloud, there is no doubt your compliance revenues are going to take a hit. Your focus today, is identifying and evaluating new ways to make up the inescapable deficit. You need to “Wake up and Smell the Coffee”; differentiation must be the key – Technology is here to stay.
Despite best intentions feedback and experience suggest professional services firms are particularly reluctant to change – even if the potential rewards might be great. Take business development as an example.
Open Banking is coming soon, and Banks are beginning to offer your clients free software to enable them to input their financial data into the software. This will allow the Banks to read the transaction history of Personal and Business Current Accounts and initiate payments from those accounts