Practice Management and Customer Relationship Management (CRM) are hot phrases in the accounting industry. Many more firms are buying into the concept of automated administration of their accountancy practice. But many of the industry solutions out there are lacking the capacity for effective integration.You must also exercise extra caution when selecting a CRM system. Independent …
Entrepreneurs starting a new business face the challenge that all new Clients need more attention initially. Dedicating manpower to prospective or existing customers is like a chicken and egg story – no-one knows which one comes first. Many businesses rapidly run into trouble, having to make the choice between servicing their existing Clients effectively or …
The success of outsourcing your back office accounting processes does depend on how well your front and back office work together. We have seen situations where our business partners were comfortable with outsourcing, but the front office staff were reluctant to accept it. This puts the future of the business in jeopardy since outsourcing can …
Small firms of accountants generally face this problem. Their Clients dont want to spend any more money on accounting year-on-year or, worse, try to renegotiate their fees down due to economic recession. It is a dire situation for any business to be in…Small firms of accountants generally face this problem. Their Clients dont want to …
At Nippon Data Consulting, we understand very well that all accountants finded new Clients acquisition too costly and time consuming. We also realise that, in the current economic climate, small and medium sized accountancy firms are facing an additional major problem. Its clear that new customers want lower fees but still require extensive support…At Nippon Data Consulting, …
Outsourcing works best for accountancy firms who are able to manage their front office effectively and outsource successfully. The key to good outsourcing for an accountancy firm is to have clear expectations of the outsourcing service, clearly defined goals and objectives and good planning… Outsourcing works best for accountancy firms who are able to manage …
Low turnaround is a common problem in many accountancy practices and it can affect cash flow quite adversely. Customers using outsourcing services are primarily dependent on their service provider for turnaround speed, while the ones who don’t are at the mercy of the working pace of their own office staff… Low turnaround is a common …
Outsourcing accounts functions to NDC has proved successful time after time with our formerly loss-making customers. Many small accountancy practices have already benefitted from our services and have not only been able to stay in business they have started to turn a healthy profit once more.
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