The tool is free and the results confidential, and most accountants and practices are extremely surprised
How do you audit an auditor? It may seem like the price accounting practices are paying for accounting software is an easy answer, but in most cases, the genuine answer may be a giant surprise. Avii, a leading practice management platform for tax, audit, advisory, compliance and management consulting firms, released the Accounting Software Calculator – a free tool to estimate what your accounting platform and related SaaS application functionalities cost.
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Avii’s New Cost Calculator Shows Accountants Exactly What Their SaaS and Accounting Software Platform Functionality Costs
Between workflow management, engagement optimization, calendars, data storage and disparate systems—companies are typically stunned to learn how many apps they’re subscribing to—both on and off the IT authorized technology grid. Though firms easily track their traditional IT costs, their teams often don’t provide line of sight to the many other independently licensed SaaS software systems. In addition to ongoing subscription costs, research by Mavenlink, the #1 integrator of Google, Microsoft and Intuit, shows that 73% of employees spend more than an hour a day, on average, navigating from app to app. In a team of 100 consultants who are billable at $150/hour, this would amount to $15k in potential revenue being lost every day.
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Many practices are migrating to accounting suites or platforms that unify needed functionalities into a single dashboard or interface. When a program lacks functionality or when a particular client requires an outside program such as Box, Dropbox or Microsoft OneDrive, many consultants will simply sign up to a new software subscription service to meet the need.
“This doubling up on software leads firms down a slippery slope, especially when they discover the aggregate cost of their various SaaS products,” says Avii Cofounder and CEO Lyle Ball. “The ad hoc purchases fill an immediate need, but because they don’t fall into official IT team budget, they’re often overlooked.”
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