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The Institute of Public Accountants has announced a partnership with an accounting software provider as it seeks to help members improve efficiency.
The partnership with Receipt Bank, will allow members to receive electronic transaction data directly from their clients, without the need for data entry.
IPA chief executive Andrew Conway said the partnership was a step forward to help future-proof members’ practices.
“Accountants are often time-poor and innovations such a Receipt Bank that help improve efficiency and save time will provide significant benefit to our members,” said Mr Conway.
“Gone are the days of a client walking into their accountant’s office with a shoebox full of receipts; the sifting through and manual handling days are over.
“We are urging our members to embrace new technologies at all levels and this is another example where I would encourage our members to jump on board.”
Receipt Bank vice president of sales, Vicky Skipp, welcomed the partnership and said it would help reduce manual labour for members.
“The role that IPA members play in their clients’ businesses has never been more important. We’re excited to combine our best-in-class technology with their expertise to help them offer a more effective, efficient and valuable service,” said Ms Skipp.
“Moving to a paperless business model removes the significant burden of storing and organising receipts and invoices for clients.
“IPA members will now be able to focus more on providing the advisory services their clients’ need instead of spending time collecting and processing documents.”