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Business Intelligence

Become "More Consultative" Using Comparative Analytics

Let's face it. The Accounting Industry is transforming before our very eyes. The technology disruption is making itself known through automation, commoditization, and consolidation. So to combat the downward pressure on revenue, accountants share a common desire to become more consultative.

 Problem #3 = Technology Disrupting Tax & Audit Revenues

Let's face it. The Accounting Industry is revolutionizing before our very eyes. Specifically, the technology disruption is making itself known through automation (expectation of being able to do more with less), commoditization (downward pressure on audit & tax pricing and resulting revenues), and consolidation (accounting firms merging, looking more like consulting or law firms, etc.).

So to combat the downward pressure on Tax and Audit Revenue, accountants all over the country share desire to "become more consultative." But when pressed for "how" firms plan to achieve this transformation, few have an answer. Try harder? Sell more consulting? Talk about it more? All these solutions are likely to result in the status quo.

Screenshot 2024-02-15 at 2.38.17 PMMany firms, however, are finding success at making the transformation to "become more consultative" by utilizing comparative analytics, especially in combination with a proven process. Accountants are able to:

  • Turn client data into understandable, actionable insights
  • Get back in front of clients
  • Generate deeper, strategic conversations with clients, moving away from compliance only exchanges
  • Identify possibilities for improvement
  • Create additional revenue from prep, meetings, and new projects
  • Track and view metrics throughout the year against newly identified goals

Don't settle for declining tax and audit revenue as the new norm! To watch a brief video of how it works, Click Here

About Peerview Data
Peerview Data provides comparative analytics and benchmarking solutions to accounting firms, enabling them to turn client data into actionable insights, get back in front of clients, and grow consulting revenue

See Problem #1: Data Rich, Information Poor

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About Peerview Data

At Peerview Data, we know you’re under pressure to provide the best advice to your clients. In order to do that you need to be able to leverage your data and put systems in place to support your growing Advisory practice. Here’s the problem: it's difficult to standardize across your firm, not all accountants are natural advisors, data is coming from several different sources, and we're often tasked with using apps that we haven't learned.

That’s why we created software that takes the frustration out of the analysis of historical financial results, provides peer benchmarks and comparative analytics, and gives you tools to consider scenarios and plan for the future. So you can get back to developing client relationships and helping them achieve their desired results. And yours!