Your Practice needs to have data visibility to be efficient… And why is visibility so essential? Because you need to win over the hearts and minds of your clients and understand them.

Data visibility:

Helps you gain insights on your clients: You can segment your best customers and interact with them across the appropriate channels. You should leverage social media to build personal relationships with them and earn their trust. In other words, target the right people at the right time.

Identify trends: Knowing where your industry is headed is crucial. Having data will help you to learn more about some of the trends impacting the accounting industry.

Data quality: With all of the data presented in one place, you get high-quality information immediately.

Remember that Accounting is all about the relationships you have with your clients. They are your practice’s biggest asset, and you need to understand them.

The Business Dashboard

A Dashboard presents the most important metrics your business needs to understand its clients.

The Dashboard has two primary objectives:

• To help you manage your Business Metrics: You’ve got Forward Projections, Monthly Recurring Revenue, Average Revenue, New Client Revenue, Unbilled Client Revenue and a Budget. Dig into the most important data that impacts your practice.
• To give your business transparency

With this information, you can budget, project your growth, and plan your firm’s trajectory going forward.

Visibility of what your clients want from you

Eliminate the stress of uncertainty and not knowing what is happening with your clients. You need to stay in the loop. Practice Ignition provides clear visibility where you otherwise lacked it, allowing your practice to gain meaningful insight it otherwise would not have had.

This pipeline helps you understand exactly where your clients are headed and measure how much new business they are bringing in. Don’t be left in the dark ever again. To check out how this works in practice and watch how Practice Ignition streamlines your workflows, click here.

Takeaways

Your Practice needs to go above and beyond. Don’t settle for a lack of visibility of your client base leaving your business in the dark. Having visibility is vital to make informed business decisions.