You’ve seen it all before. Some CAS practices think there is a magical solution to address their capacity needs. They offshore their operations but do it with a healthy fear that bedding in a new system will be time-consuming and disruptive. Sometimes those fears are realized. These firms can end Read more…
CAS practices like yours are constantly on the lookout for ways to optimize and improve their business. Recent surveys show that fewer than half of surveyed CAS practices are satisfied with their operations. You might be familiar with some or all of the following issues: You struggle with lack of Read more…
From Going Concern, a nice summary from the public accounting portion of the 2022 Robert Half Accounting & Finance Salary Guide calling out those cities where salaries are projected to be WAY bigger than the national average. Bear in mind, these salary numbers don’t reflect the additional costs incurred for Read more…
According to recent surveys, one of the leading challenges facing CAS practices in CPA firms in 2021 is staffing. You go through the time-consuming process of hiring new accountants, but the task of retaining these in-demand workers soon becomes clear. The new war for talent is challenging many firms due Read more…
Many small to medium CPA firms are taking advantage of the opportunity to offshore their back-office workflow. These firms are finding that Knowledge Process Outsourcing (KPO) workforce solutions give them the platform to concentrate on other areas of their business while their practices still grow. By combining human assets with Read more…
Although offshoring can produce healthy savings, its ability to help businesses improve their operations and processes makes it a gamechanger. With a Knowledge Process focused approach firms can rapidly onboard new clients and scale their practice without having to dramatically increase staff. Download: Improving your process through offshoring
The average starting salary for accounting undergrads this year is projected to be $58,508, up from $52,734 in 2020. That 10.9% increase is quite the jump over last year when the average starting salary was expected to increase by only 0.4% for the class of 2020. This brings tremendous pressure Read more…
Successful implementation of a Client Advisory Practice requires a shift for many accounting firms. The industry has historically maintained a responsive “service” mindset, where firms have demonstrated value by responding to client requests. CAS requires a more proactive partnership mindset, where firms demonstrate value by helping their clients identify their Read more…
While Client Advisory Services (CAS) offer significant revenue opportunities, there are challenges to a successful implementation. Client Satisfaction Only about 15% of firms say they are “very satisfied” with the financial and operational performance of their client accounting services, and 40 percent are merely “satisfied.” Pricing Many firms are trying Read more…
There is general agreement in the industry that Client Advisory Services (CAS) present one of the biggest revenue growth opportunities for accounting firms. Many accounting firms in the US offer their clients some form of CAS offering – but what services they contain vary greatly. General categories include Transactional, Strategic, Read more…