Accounting & Auditing
Sector characteristics
Often Multidisciplinary: Auditing, Accounting, Payroll, Tax Advice, Due Diligence, Business Consulting
Less project-oriented than client-oriented, since work repeats monthly or annually
Complex fees, differing from client to client
Invoices may be a mix of fixed-price and ad-hoc work, each to be priced appropriately and each line item to be reviewed before invoiced
Invoices may also include ‘piece work’, as for volume-based payroll services
Need to capture and recharge out-of-pocket expenses
Need to monitor profitability by client, especially where work is fixed-price
Sector challenges
Activity overrun – over-servicing clients
Potential for poor staff planning
Low staff utilization
systems@work benefits
Can handle complex fee structures
Can handle the inclusion of differently priced ad-hoc work to planned fixed amount invoices
Can report on profitability by client, period, activity, discipline, etc.
Can handle monthly, quarterly or annual fee schedules with planned fixed amounts
Can combine (or separate) expense billing from time-based invoices
Enables sophisticated invoice review and modification before commitment
Customers
