Case Study On Crunch.Co.Uk And Bench.Co
In the 21st century, everything is influenced by technology. It would not be wrong to say that learning technology and all its aspects are an absolute must for everyone today.
Technology has not left any industry unexplored, and the digital era has shown a certain bit of potential in the professional working of accountancy companies.
This article delves into companies such as Crunch.co.uk and Bench.co that have taken the traditional practice of Chartered Accountancy and elevated it to new heights using technology.
Crunch can be regarded as a quick, efficient, and effective online accounting expert. With more than 10 years of experience under their belt, they have helped real people with expert advice.
In addition to that, they offer more value than conventional high-street accountants. This platform proves that it is possible to marry technology and accountancy to result in the perfect accountancy solution for people across the globe.
Crunch offers an ideal blend of accountancy software as well as a service for contractors, freelancers, small businesses, and self-employed individuals. The company boasts of a whopping 10,500 clients who trust them completely with all their business finances. With this essential part of your business taken care of, you can save a lot of time and effort, focusing on the growth of your business.
Crunch also offers bespoke packages with all the advice and support you can possibly need from experts. Furthermore, their website is super user-friendly, and you can request a call back to learn more about the company and its services in a matter of seconds. Crunch is also a great example of how you can rely on information technology and the e-commerce world, not just for shopping but also for satisfying your accountancy and financial needs.
The Crunch online accounting software takes accounting to the next level and helps you manage your business’s accounting needs in-house and without any hassle. Some great features of this software are as under:
- Real-Time Dashboards
The platform offers the perfect software with real-time dashboards that enable users to get a complete view of precisely how their business is performing on the go.
- Effortless Online Invoicing
The software also makes it easy to send as well as track your invoices effortlessly. This means that you can get paid quickly.
- Easy Automated Payroll
Using the software by Crunch, you can pay yourself easily with the platform’s automated pay-slips and RTI payroll. It will also ensure that your HMRC reporting and all of its aspects are taken care of by this online software flawlessly.
- Record Expenses On The Go
Finally, you can also count on the software to manage all your expenses on the move, anytime and anywhere. The software also submits your photo receipts as well as tracks mileage through mobile apps in no time.
Another great benefit of choosing the services of Crunch is that it includes real people. In addition to the software which works seamlessly, you can also guarantee a personal team of professionals and expert client managers as well as certified chartered accountants.
They will help you with as much advice and assistance as you need without any fuss or appointments. Therefore, you can avail of their award-winning combination of excellent service, easy-to-use software, and expert advice, which is built around its customers.
Bench is another Fintech company that handles the accounting and financial tasks of companies and small businesses to organize their financials. Its intuitive software comes with a live bookkeeping team that offers incredible efficiency and the convenience of modern technology to its users.
The company offers its expertise and efficient software to save time and effort. This bookkeeping and accounting service provides help using its web-based app. The company has intuitive accounting tools and dedicated bookkeepers to assist startups, enterprises, and SMBs.
Using the service of Bench can offer you more time to focus on the actual business of your company. This is because you will be able to rest assured in the knowledge that your bookkeeping and accounting requirements are completely taken care of. Some advantages of using Bench are as follows:
- Dedicated Bookkeepers
You can save yourself a lot of time and tons of work when you avail of the bookkeeping and accounting services of Bench. This platform offers top quality and accurate services to allow its users to create perfect finance reports that are visually engaging and that summarize your expenses, profit, and revenues perfectly. Using this feature, you can make smarter business decisions.
- Highly Secured
The accounting of Bench is connected to all the popular payment gateways and major banks. In addition to that, the software also comes with 256-bit encryption. This ensures that all your financial information is completely safe and away from the holds of unauthorized personnel and hackers. This also avoids breaches and leaks of any kind.
- Real-Time Reports
Bench accounting also provides users with an interactive financial statement at the end of the month. It details your complete transactions into particular categories so that you can track them easily. In addition to that, all your financial statements will not only be visually engaging but also flawlessly organized. Hence, you can avoid a lot of grunt work and be totally aware of all your payables, expenses, receivables, and income.
- Tax Needs And Unlimited Support
Finally, you can also count on Bench to connect you with tax professionals. These people are experts in their field and can provide you with comprehensive catch-up bookkeeping and CPA support for accounts that have been overdue for a long time. Moreover, you can also count on Bench to provide unlimited support and connect you with experts instantly. This means that you will be notified every time there is a development in your financials and will also receive messages and alerts to this effect from your finance team promptly and in real-time.
How Have These Companies Transformed The Traditional CA Practice Using Technology?
As has been established, the software is as crucial a part of chartered accountancy as oxygen is to the human brain. Moreover, the sheer importance of technology is being felt increasingly in the industry, more than ever before. Elements like cloud computing, advances in tax software, mobile working, and remote access have made it more efficient and easier for accountants to not just get the work done but do it better.
For instance, being able to access all kinds of accounting and tax data remotely can be pretty useful in the long run. In fact, it is even practical because you cannot be stuck behind your desk in front of your system 24/7.
Therefore, being able to access all the relevant data from your smartphone is crucial, and thanks to technology, a reality now. In today’s day and age, small businesses are quite likely to record their expenses on the move, manage their accounts, and financials from a mobile device, and verify their financial data on the go.
This is precisely what accounting software allows them to do.
With the help of such software, it has become very easy for accountants and accountancy firms to integrate them with various devices and apps so that they can be accessed from their smartphones anytime and anywhere.
Therefore, the change and transformation in the traditional practice of chartered accountancy are pretty evident in the present times, thanks to the use of technology.
How Can CA Firms Benefit By Building A Similar Business?
Another important aspect of chartered accountancy is networking. Building new bookkeeping and accountancy firm or even investing in the growth of an existing company or brand is pretty hard work. In addition to that, driving the growth of new clients is paramount to the overall success of a company. Therefore, in such a volatile market, CA firms can benefit significantly by finding new clients and establishing a new customer base. That can be done only by following a more proactive and strategic approach.
For example, CA firms, regardless of their size, should mix old rules and new channels to find more clients for their business. This is because, in the 21st century, the marketing rules that we have known and followed for a long time are changing quickly. In addition to that, you can find potential places more quickly and in many more places than you are led to believe.
In the same vein, some techniques and channels that worked for you before might not really function anymore. Therefore, you must start by identifying your target audience and then partner with other trusted and qualified professionals. In the same vein, you must not shy away from demanding referrals.
These little tips can take you and your business a long way, not only if you come from the accounting industry but in general. Also, as we have already witnessed, it is vital to embrace technology and all its fascinating elements in your business sooner rather than later to witness the zeniths of success.
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