How cutting-edge software helps CPAs deliver exceptional client experiences

From CPA Canada

Sage for Accountants integrates payroll, tax and advisory services all in one convenient place

As technology continues to reshape various industries, the accounting and bookkeeping sector is experiencing its own revolution. Gone are the days of relying solely on spreadsheets and paper ledgers; today’s CPAs and businesses are embracing new software solutions that take them from the proposal stage to advisory services, all in one platform. 

Streamline your success 

Running a successful accounting or bookkeeping practice is about more than providing specialized services—it involves managing client relationships, adapting to their diverse needs and offering tailored solutions that go beyond the numbers. Moreover, delivering a profitable and rewarding client experience in today’s competitive market requires advanced software capabilities that enhance productivity, with a personalized touch. But if you’re jumping between platforms without a strategy to automate key processes, that can add up to a lot of wasted hours and pull your attention away from where your expertise and care is needed the most. 

In addition, many accounting, finance and payroll processes are repetitive and take up a considerable amount of time in a person’s day. Sage Copilot, Sage’s AI-powered productivity assistant, helps streamline and automate important tasks such as forecasting, managing cash flow, and generating and sending invoices. This can save practices a significant amount of time and resources, freeing them up to focus on more strategic tasks.

“Today, organizations are looking to cut costs and operate more efficiently to overcome common business challenges,” says Karen Ainley, senior vice-president, Accountants at Sage. According to the Small Business, Big Opportunity global survey, 53 per cent of businesses are adopting new technologies to save time on key processes, something Karen says is “a crucial driver for businesses to adapt and increase productivity.” Thankfully, there are powerful tools to help get the job done. A fully bilingual platform like Sage for Accountants is a user-friendly and comprehensive solution that allows businesses of any size or budget to spend less time on routine tasks and more time on building client relationships and growing their practices.

Looking ahead, 49 per cent of businesses plan to increase their technology investment in the next 12 months. Choosing a cloud-based platform that handles everything—from books, digital records and tax returns to payroll and HR—helps CPAs deliver compliance services more efficiently. With a software solution that centralizes all client information, practices can scale and meet the needs of different clients, whether simple or complex.

Efficient collaboration is the backbone of any business. That’s why opting for a solution-based platform like Sage for Accountants empowers users to collaborate seamlessly through mobile apps and confidently provide advice with robust management reporting capabilities, cash flow forecasting, financial predictions and budgeting tools for better insight to make smarter, faster decisions.

One platform, infinite possibilities

Thirty-six per cent of businesses are turning to technology to cut costs, while 31 per cent are aiming to use technology to boost productivity. This highlights a growing recognition of the role technology plays not just in improving efficiency, but also in driving overall business performance. 

Automation is a key feature you should look for when choosing a new software solution; the ability to automate and process client data can streamline your record-keeping. Additionally, comprehensive tools like Sage for Accountants provide access to advanced analytics to help you uncover hidden patterns, trends and correlations in your client data, giving you deeper insight into your clients’ financial performance.

The platform’s analytics are not just for your clients’ businesses—you can zoom out and take a closer look at your own business’s health, too. Based on industry best practices, Sage will recommend ways to optimize your pricing, improve cash flow and enhance your operational efficiency. With customizable dashboards and reports, you can view key performance indicators at a glance and monitor critical metrics in real time. Meanwhile, having access to expert advisers and dedicated online forums helps you leverage Sage’s recommendations more effectively. 

Embracing new tools and technologies

As we enter a new era of digital transformation across all industries, it’s essential for accounting and bookkeeping practices to keep up with what’s coming next, so they can be their best. Taking advantage of new tools can give you a competitive edge by improving productivity and opening new revenue streams that may boost your bottom line. By incorporating software solutions such as Sage for Accountants into their daily operations, CPAs and bookkeepers can not only address current challenges but also set the stage for future sustained success. 

For more about Sage for Accountants, click here.