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Client Accounting Service (CAS) firms help businesses in managing their accounting and financial needs. Many businesses seek their assistance with financial advice, completing accounting tasks, forecasting, and more. 

None of this is possible without having the right tools. Learn what five ERP solutions all CAS firms should implement to assist their business partners in succeeding.  

1. Scalable Systems

Hopefully your CAS firm will continue to take on new customers. This may cause an issue if your software and operations are not scalable. Many CAS clients may have an interest in adding subsidiaries and if your software is not scalable you will lose out on clients. 

Xledger is scalable and easily adapts to your needs. Xledger supports multi-entity, multi-currency, and multi-location accounting needs through a cloud-based system.  

2. Customer Accessible Data 

Is your team wasting time on sending files over to accountants or financial professionals from your client’s companies? Utilize an ERP system that will give your clients access to their data without allowing them to edit or view other customers’ information.  

Xledger allows its customers to utilize multiple login accounts for those at various levels with differing accessibility. Allow your employees to view data for all your customers but also allow your client to access their own data to view their needs as well, without compromising the security of your system or privacy of your other clients.  

3. Data-Driven Dashboards and Fast Financial Reporting 

Clients want a CAS firm that offers them the ability to have accurate data quickly. Manage a client’s financial data as it comes in, offering them the most up to date information to make better business decisions faster. Don’t make your clients wait for end of month reports. Also implement a tool that has accurate reporting throughout based on real data.  

Xledger’s financial reporting and dashboard solution allows our customers to drill down and view their data, configure dashboards the way they want, and customize reports with our XRW engine.  

4. Automated Solutions 

Eliminate your teams need to manually enter data of your many clients. Choosing an ERP software that prioritizes and uses automated solutions will allow your employees to improve how their time is spent during their workday. This will also decrease the amount of manual human errors that are made. 

With Xledger, 75% of manual tasks are automated. Reduce manual entry errors and ensure that data is entered faster and more accurately than ever before.  

5. Multi-Entity Capabilities 

Your clients may have complex financial needs due to the many entities their company has. Are you prepared to take this on? Don’t lose potential clients if your business is not prepared to take on multi-entity organizations.  

Xledger’s multi-entity consolidation solution allows you to achieve a more thorough and overarching view of your business’ financial performance across all entities. Bill through multiple payment structures and multiple currencies. Ensure audit preparedness and reduce the risk of financial misstatements. 

Looking for an ERP with experience in serving CAS firms?  

Look no further. Xledger is a cloud based accounting and financial software solution that empowers organizations to achieve quick scalability, automated accuracy, and clear insight into their business. 

Xledger provides CAS firms with great solutions for their business and their clients that all consolidates into streamlined reporting for you. 

Interested in learning more? Talk to an expert!