5 ways internal productivity can boost your profitability
Date published
October 14, 2019
Company
Wolters Kluwer
Finding productive internal processes is the first step towards improving your profitability. The true challenge for most practices, though, is to ensure they take some time away from business-as-usual to question if their current practice management is as efficient and profitable as possible.
Whether you are unlocking time to secure new services or clients, or looking to improve your cash flow, it’s an opportunity to reflect on internal processes. You can unlock profitability, improve your cash flow and take on new revenue with your existing workforce just by looking at how you can free up capacity to improve your current internal productivity.
In this article, you’ll find out:
- how consistency and standardisation can be the biggest time savers
- why automated workflows, billing and becoming a paperless office are worth investing in
- how to manage your practice by exception with an integrated suite
This is a must-read for any practice looking to streamline their practice processes and increase the capacity of their existing tax and accounts teams.