Manual processes creates friction

The pressing challenge of acquiring and retaining skilled professionals in Singapore’s competitive accounting landscape is something mid-size companies face. On one hand, outdated tools and manual processes have hindered talent retention, and on the other hand, facing a talent crunch, businesses recognise the need to automate their accounting tasks

Prior to 2019, we, at Singapore Corporate Services (SCS) adopted Xero ourselves and put our own team through a digital transformation. What we’ve realised is that relooking at old practices allowed us to create avenues for professional growth and become more profitable and we think this can apply for you too.

Upgrade with a cloud-accounting tool to save effort and money

At the forefront of our transformative efforts was the use of Xero, a powerful cloud accounting platform. Xero’s cloud-based technology, coupled with its intuitive interface, streamlined a number of our manual processes. For our accountants, using the tool created new pathways for career advancement.

This is why for our clients, when it comes to upgrading how they handle their accounting, we think it’s crucial to base this change around a full featured cloud accounting tool like Xero. It affects how we train your team, tweak your existing processes, connect with other services, and use the accounting features the tool has.

Here’s how we Start

1. Tailored Consultations:

• We initiate the transition process by conducting in-depth consultations with companies to understand their unique accounting needs, challenges, and goals.
• Our team works closely with clients to identify specific pain points in their current accounting practices and strategise the most effective ways to address them through cloud accounting.

2. Data Migration Assistance:

• We offer seamless assistance in migrating data from traditional accounting systems to Xero, ensuring that historical financial information is accurately transferred.
• This crucial step is carefully orchestrated to orient the business around cloud accounting, considering the nuances of data structure and accessibility. It ensures a smooth transition while maintaining data integrity.

3. Comprehensive Training Programs:

• We invest in the skill development of our clients’ teams through Xero’s comprehensive training and certification programs.
• Our training sessions are not just about learning a tool; they are strategically designed to orientate the entire business transformation around cloud accounting. This orientation ensures that every team member understands how the cloud tool integrates into their daily tasks and contributes to the overarching business objectives.

4. Ongoing Support and Troubleshooting:

• Transitioning to cloud accounting is an ongoing process, and we provide continuous support to address any challenges or questions that may arise.
• Our support services gear towards orientating businesses towards leveraging the full potential of cloud accounting features.

Why now?

The 2022 Global Survey revealed a remarkable 37% time-saving for accountants utilising Xero’s automation. Leveraging Xero’s cloud-based capabilities, we introduce a flexible work arrangement, allowing accountants to engage remotely. This adaptability addresses the challenges of stress and extended work hours, making roles more appealing and contributing to a sustainable work-life balance.

Besides picking the right tool

The right team can make your transition a pleasant one. As a Platinum Champion Partner of Xero, and a track record of excellence, we bring a wealth of expertise in implementing and optimising Xero for your organisation. If you’re ready to embark on this transformative journey, contact us at SCS today.

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