Staying ahead in the accountancy industry is not just about crunching numbers; it's about embracing innovative solutions. More than just a recap, this blog will show the key takeaways of using a document management system from Intapp, which can shed light on the gaps within your accountancy practice.

AI and its Access to your Business

There seems to be a trend of practices resisting the new AI revolution or utilising Chat GPT.  A lot of firms are worried about adding AI to their business due to the public access of data and security risks. The best way to think of Chat GPT is like the internet; its public, but AI such as Copilot from Microsoft is like the intranet. It utilises the data in SharePoint but just like SharePoint, its private for your business eyes only.


Preparing Your Practice for the Future

A common accountancy industry trend is legacy systems or structures which limit the practice when it comes to keeping up with competitors. It's not that practices don't want to modernise, but the issue is the foundations aren't in place to make the leap. 
By utilising an outsourced IT provider such as T-Tech, your firm can begin building its roadmap to future success through technology innovations. With the right servers, software's and cyber security your practice will inevitably  see exponential growth.


Take Advantage of SaaS Apps

You can still live with the old school on prem apps, but wouldn't it be nicer to also utilise the helpful SaaS apps at your disposal?  The spine is a structure you can use to manage your practice, work with legacy industry apps, and adopt modern apps and systems such as Practice Gateway or Intapp. 
A great example is to look at how many versions of a shared purchase agreement do you end up with? 15, 20, maybe even 25? If you can use the collaboration features in Office 365 you can keep 1 live version. Using a framework your practice can maximise its investment.


Collaboration Tools and their Impact

Leverage the capabilities of SharePoint and teams using Intapp. Intapp brings documents and workflows from SharePoint, Outlook and Teams under one banner, creating connectivity between your practice management systems. By having a unified hub of work that is focused around the engagement team, your staff can interact with all of the applications and with each other through a common platform. 
All of a sudden your workers go from distractions every 3 minutes to a focused, efficient, productive key member. Plus your firm can improve its interactions with clients and become more attractive to top industry talent.


Final Thoughts…

Over the years the accountancy industry hasn’t really seen a lot of active change. Legacy systems and outdated structures can hold practices back, it's crucial to embrace change and innovation. 

To successfully take on this transformative journey, you need a solid foundation, and that's where we step in. Our partnership offers more than just solutions; it provides a roadmap to the future. With robust servers, state-of-the-art software, and a commitment to cybersecurity, we empower your firm to break free from the challenges of the past. 

Eager to transform your accountancy practice into a modern, efficient, and competitive powerhouse? Get in touch with our specialist consultant today and discover how our can unlock your firm's full potential. 

Schedule a consultation today! 

 You can also see what you missed out on by watching the video to the right.

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