Audit and accounting practitioners face increasing challenges in their daily work, from changes in complex tax legislation to changes in accounting and auditing requirements. This comes on top of managing demanding client needs and keeping on top of workloads in busy practices.

All of this creates the need for a swifter and smoother approach to managing the expectations of clients and regulators. The need for security over sensitive information effectively limits the use of email as a document exchange mechanism, or means of sharing that information. This challenge becomes even greater when you are working with multiple clients across larger practices.

This white paper, in association with AccountingWeb, shows how the latest cloud technology for request lists and document management can simplify and automate your processes while guaranteeing the highest levels of security.

Legislation such as the General Data Protection Regulation (GDPR) has been in place in the UK for several years and restricts the sharing of client information. Indeed, the need for security over sensitive information effectively limits the use of email as a document exchange mechanism, or means of sharing that information. This challenge becomes even greater when you are working with multiple clients across larger practices. This is where Suralink can help.

Suralink is a market leader in request list and document management. Utilising the latest cloud technology, Suralink creates efficiencies for accounting firms because it reduces the need to go back and forth trying to chase up client requests.

This simplifies the document exchange process and, at the same time, improves the client’s experience as less time is spent asking the client to send in various pieces of information. Your team is able to access documents and engagements from anywhere with a cloud-based platform that includes the highest levels of enterprise-grade security.

All this information can easily be collated within Suralink. Data requests become streamlined and clear – indeed Suralink can give the audit team insight into which clients may be slow to respond because the system can track client responses and flag potential delays. All your client requests are in one place, updated in real time, and accessible by everyone working on the engagement.

Suralink allows practice leaders, partners and managers to have a clear view across the whole firm to check the status of engagements. Its dynamic request list and workflow solutions deliver time-savings in client onboarding processes.

Increasing legislative and regulatory requirements now require firms to create as many efficiencies as possible to ensure they can cope with the daily demands of the profession. As regulators, such as the Financial Reporting Council, continue in their quest to restore audit confidence, firms will find that automating as much of their processes as possible and having better visibility over the document-gathering process will lead to efficiencies.

Suralink’s secure data collection system enables these efficiencies to allow firms and their staff to devote more time to their main role – looking after the client and making sure the client is happy.