This is a short presentation delivered to senior partners and directors of accounting firms. What is the key performance metric for accounting firms? How will accounting firms improve this metric in an environment with so many forces impacting the accounting profession?
2. Impacts on
your firm ..
Declining compliance fees
The rise of automated processing systems
Artificial intelligence
Outsourcing, shared processing factories and
internships
This is happening now and boiling a lot of frogs.
4. Consider Alison.
Generating $160,000 per annum or
Generating $260,000 per annum
A firm with 20 Alisons will generate $2,000,000
additional revenue per year
6. What is business advisory?
UNCOVERING THE
BIGGEST ISSUES
AND CHALLENGES
FACING YOUR
CLIENTS.
DIAGNOSING AND
CORRECTLY
IDENTIFYING THE
ROOT CAUSES OF
ISSUES.
CREATING A PLAN
TO BE EXECUTED
BY THE ADVISORS
AND THE CLIENT.
CLIENT IS
CHARGED USING A
VALUE BASED
MODEL.
GENERATING
MORE
ASSIGNMENTS
FROM EXISTING
CLIENTS AND
REFERRALS.
7. Business advisory is
transformational.
Your firm
Your clients
Client perceptions of
accountants
Financial performance
Shareholder wealth
Competitive advantages
and sustainability
9. Results
Revenue and profit growth
Repeatable systems and processes
Libraries of root causes and advisory
activities
Clients will be more successful
You become the trusted partner
Generate more shareholder wealth
More investment options