Thomson Reuters Helps Accountants Uncover ‘Smarter’ Working Practises

25 February 2011

LONDON, February 23, 2011— Accountants can hear from successful firms and technology experts how ‘smarter’ working practises and tools are set to drive cost savings, improve productivity and handle deepening compliance.

The webcast, due to be aired on AccountingWeb on Wednesday 16, March, at 11.00 am GMT, will be chaired by Richard Anning, head of the IT Faculty, ICAEW. Joining Richard Anning will be Jerry Rihll, managing director of Digita and head of the accounting firm market, EMEA for the Tax & Accounting business of Thomson Reuters. The discussion is set to reveal how working ‘smarter’ can stimulate the efficiencies needed to improve working practises and streamline onerous processes.

Also taking part in the discussion will be Lucy Cohen from award winning Mazuma, as well as Nigel Bennett, managing partner of Hallidays, the Accountancy Age Medium Firm of the Year 2010/2011.

Hallidays was praised by the Accountancy Age judges for growing its client base by an impressive 11 per cent, doubling the number of leads, growing fees by 5 per cent and through the introduction of a client care programme, increasing extra work orders by more than half. Turnaround times were also improved by a sizeable 43 per cent.

Mazuma is also a holder of the coveted HSBC Start-up Stars Award and is credited with being a user-friendly, no-nonsense accountancy firm that serves sole traders and micro-business owners. Lucy Cohen and Sophie Hughes began Mazuma in a spare room and now have 25 people working from a central office in South Wales with 7 additional franchised offices across the UK.

Jerry Rihll said:

"The fundamental way we work is being re-shaped by more compliance regimes, globalisation and frameworks to recover losses and minimise risk. The new ‘normal’ calls for greater efficiency - let’s call it smarter working, built on technology innovations. We can always learn from those that are successful and over the past year, there have been some excellent examples of our customers thriving because they are implementing ‘smarter’ working practises. I am delighted to see that Hallidays and Mazuma will be taking part in the webcast as they represent great examples of firms using technology to boost performance and to respond to today’s economic reality."

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