Capstone Marketing Blog, Change

Is your firm’s time machine going backwards?

Daniel Burrus, considered one of the world’s leading technology forecasters and business strategists and author of six books including Flash Foresight:  How to See the Invisible and Do the Impossible, was the opening speaker at the 2012 CCH User Conference held this week in my new hometown of San Diego.

Given the rapidly changing world in which we work Burrus challenged us to look into the future to determine those hard trends (those that will happen whether we want it or not) and soft trends (those trends over which we have control) that will impact our business.  Then, he encouraged us to use flash foresight – the ability to trigger a burst of accurate insight about the future – and to use it to produce a new and radically different way of doing things.

With the predicted staff shortage – for every two Baby Boomers that will retire there is only one Generation Xer to take his place – it’s important for CPAs to consider how their firms are perceived by their employees.  After all, how do you attract and retain the best and the brightest when they consider your firm going into a time machine backwards?

Here are 10 ideas to ensure that your firm’s time machine is going forward, that when your current and prospective employees enter your firm it is perceived as progressive and technologically-savvy.  And, this is the way to attract and retain the best and the brightest.

  • Many firms have four generations working together. What are you doing to  combine their talents?
  • Consider Skyping with clients for greater connection.
  • Currently, there are 70,000 pages of government regulations. How is your firm utilizing technology to manage this information and your staff’s access to it?  Hard technology trend: the cloud isn’t getting full.
  • Increase your connectivity with clients through social media.  Get your younger staff involved with this.
  • What industries are converging on your clients? CPAs should know this and clients will pay more for this information.
  • Consider creating internal, secure Facebook pages and Twitter hashtags to share best practices and answers to challenges.
  • Create mobile and 3-D websites.
  • Consider how mobile devices can change the way you train your people.
  • Give people the ability to do what they currently can’t do and give them a way to do it even though they don’t know how or that they needed it.
  • Begin mentoring immediately.
Capstone Marketing Blog

CCH Launches New ProSystem fx Client Intelligence Solution

Bringing in new clients and retention of current clients are two top issues that CPA firms are dealing with today.  How can firms provide the proactive, value-added services that clients are looking for? What “extras” can you bring to meetings with potential clients?  CCH,  a Wolters Kluwer business, is launching a new product this week that may provide an answer.

ProSystem fx® Client Intelligence is a solution for automating the continual analysis of clients’ business performance. Now, you will have the ability to create a firm-wide business intelligence system focused on client results that will integrate with ProSystem fx® Engagement.  Through an expanded partnership with financial and business software provider iLumen, ProSystem fx Client Intelligence identifies hidden opportunities for business clients by generating real-time, value-added analysis. Clear, detailed solution reports strengthen communications between firms and clients as well as promote greater collaboration on a wider variety of analytics – boosting retention and solidifying CPAs as trusted advisors.

“ProSystem fx Client Intelligence allows professionals to perform extensive analysis of their client’s financial data in a way they’ve never been able to before, providing a competitive edge for firms to capture, retain and advance business,” said Mike Ritchie, CCH Director of Product Management, Accounting, Audit & Workflow Solutions. “With growing industry trends for specialized client analysis, incorporating iLumen’s financial analytics and business intelligence tools will allow users to gain deeper insight into their client’s business performance – increasing the value of what firms can offer their clients.”

For more information call CCH at 800-739-9998.