The evolution of specialist accountancy software

05 April 2011

The Tax & Accounting business of Thomson Reuters presented an exciting road-map and roll-out plan for the Digita Practice Suite to delegates at the 2011 annual customer conference. The presentation by Jerry Rihll, MD of Digita and head of the EMEA accounting firm market, gave customers a valuable insight into product developments planned for 2011 and 2012 – all helping businesses become more responsive and efficient.

Over its 25 year history, the Digita Practice Suite has come to define UK accountancy practice software leading the market with a depth of functionality and an inherent ability for firms to tailor the system to their specific needs. This approach is unique in the accountancy practice market and explains why the software is used by such a diverse customer base, ranging from sole practitioners right up to the Big 4 firms.

One of the new tools demonstrated to delegates will allow accountants to mine data effectively and use the results to support fact based decision making. Data mining can help businesses discover patterns and relationships in data that may improve overall accuracy. By instructing the software to ‘find’ clients, the accountant can target precisely any mailings or personal contact; greatly improving the ability to respond to each individual client in the most appropriate way. A benefit that should not be overlooked is the reduction of costs made possible by the appropriate allocation of resources.

Gartner sees Data Mining as one of five key technology areas set to have a major impact across a wide range of industries and it expects more organisations to consider Business Intelligence as a vital tool for smarter, more efficient businesses.

Other tools currently being developed include a mobile application to be used in conjunction with Digita Practice Management. With more and more accountants looking for the ability to be able to work on the move, this represents a natural progression for the innovative practice.

In his opening presentation Jerry Rihll commented:

"The economic climate is tough and to remain competitive, businesses need to be able to rely on their software developer to constantly innovate and deliver new tools and solutions that provide a simply smarter way of working – optimising their businesses strategies."

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