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Start Your Firm Transformation
How We Help Accelerate Accounting Firm Transformation
Many accounting firm leaders have told us that while they want to evolve their people, processes, practices, and platforms, they have also indicated that the process of change is daunting and time-consuming. One-off seminars on practice management improvement also only scratch the surface and don’t provide the “how” to enact the changes. That is where the Center for Accounting Transformation is helping firms accelerate their transformation.
It starts with an assessment
The Center’s Firm Transformation Journey Assessment looks at the strategic, tactical, and operational aspects required to run a more effective and relevant accounting firm, and allows firms to identify and choose areas of improvement that will produce the greatest immediate impact while aligning the changes with the firm’s business strategy.
The assessment itself looks at, in detail, the current state of a firm in more than 100 areas under each of the six areas in the chart (above). While that may sound daunting, the assessment takes a holistic approach to examining all aspects of a firm. For most firm leaders the assessment should require about an hour of time.
The Center provides a road map for each focus area
Auditors use checklists. Tax professionals use checklists. But few firms have a measured process for making internal changes in people, process, or technology. Part of our transformation framework is a guideline with tactical work plans and reasonable timetables to achieve the improvements firms want to have better operating margin, client growth, and retention and growth of their people. Our approach has been found to greatly improve accountability and assure that these initiatives actually produce the planned results.
And you won’t take the transformation journey alone
The Center will pair you with cohort or Mastermind groups—other non-competitive firms on the same journey—for group members to compare leading practices, challenges, successes, and frankly, to help hold each other accountable. In addition, the Center has other vetted professional resources who are experts in key areas, who can also be brought in to coach you along the journey.
The Center offers a library of content focused on transformation topics
We are creating one of the most independent, comprehensive, and result-oriented libraries of content, courses, and tools for forward-thinking accounting firms. See some of the courses currently being offered. See some of the courses currently being offered.
Ongoing research and KPI measurement
Finally, the Center is executing ongoing research and benchmarking studies on accounting firm transformation—to gain a pulse on what is occurring in our profession, but also to allow firms to benchmark themselves against their peers. Learn more about current and upcoming studies, and provide input on others that might be valuable to your firm and its transformation.
The Journey of Transformation Begins With a Single Step
Begin your no-obligation conversation with one of our transformation pathfinders from the Center for Accounting Transformation. Complete the brief Firm Improvement Review (FIR) Questionnaire and share your vision for your firm and the challenges you see in realizing that vision. After you have completed questionnaire, we'll set up a time to discuss your results and share strategies and recommendations on how you can maximize your path to success and start your transformation.
