Staying ahead of the latest technology trends and leveraging them to drive success can be a challenge. That’s where our Outsourced CTO services come in by allowing a firm to stay up to date with the latest innovations in industry, whilst allowing Partners to focus on revenue generation.
The problem faced by many firms
The modern accounting practice has a number of key roles that require a full-time presence such as Practice Administrator/s, Financial Controller; Practice Manager and quite possibly, a General Manager.
When considering and implementing technology within the firm, that responsibility is generally given to one or a combination of the people conducting these roles. Furthermore, time is also spent by at least one partner (sometimes more) to oversee these changes too. There are several problems that this approach presents:
No wonder firms are resistant to technological change!
How we solve this
Our team of experienced CTOs have a deep understanding of the technology landscape and the ability to identify the tools and solutions that will best meet your needs. We work with you to develop a technology strategy that is aligned with your business goals and helps you stay ahead of the curve.
We envisage that in the next few years, the modern practice will require a CTO of some form; be it served by a Practice Manager or General Manager, given the increasing reliance we have on technology. What’s more, the app landscape is forever changing and keeping up to date on the latest innovations can be a full time job. Most firms are not in a position to fill this role full time, nor currently have the knowledge within their team to fill this role. So we have designed an offering to bridge the gap now.
Outsourced CTO Inclusions
Firm Executive Engagement
We engage with the firm executive team to assist with the generation of the firm’s technology strategy including:
Liaising and negotiating terms with providers
Once we have the strategy, we then lean on our deep contacts within the accounting software industry to negotiate appropriate terms. This includes:
Deploying the project appropriately can be the difference between success and failure. It requires understanding of the full requirements of the strategy; balancing priorities and communicating effectively with all stakeholders. More importantly, maintaining standards and discipline. We include:
Our engagement doesn’t end when the software goes ‘live’…this is because reviewing and adjusting are key elements of a change. Not only that, the environment is constantly evolving, so it is important to stay on top of it. We do this by:
Unlimited phone and email support
Because we only work with a select number of clients, it means that we can work in a deeper capacity with them. So it makes logical sense that we are on call when you need us.
What makes us different
With 20 years’ experience in the accounting industry in both Practice and General Manager capacities, we have seen how it, and technology has transformed. Having worked with a number of small to mid-tier firms, we understand firm operations better than most. This includes everything from admin, to compliance file preparation, workpapers, to advisory workflows and all everything between.
Executive level decision making
With both Executive level MBA qualifications and Officer military training, we possess that level of decisiveness that is required to move quickly and effectively through the minefield of change. Having also current and past experience in CEO and Board member roles, we understand exactly how all the pieces fit together. We understand quickly what is required to be completed and how best to complete it.
We work closely with a number of app partners today, enabling us to deep dive into the application to understand it better. But furthermore, we are constantly searching the environment for fun, because we love to do it! When the latest and greatest app is launched, we are generally some of the early adopters, exploring and testing to see how it can improve things.
It's what we do well
We understand almost everything about firm operations and how best to utilise technology to improve it. Having rolled out extensive change management programs to dozens of firms, we have the experience to know what to expect. No two firms are the same; but engaging the people and planning all scenarios for a successful roll out takes a skill that we possess. What’s more we are a safe pair of hands that treat the firm as if it were ours.