Preparing and reviewing a set of accounts can be a juggling act. Hunting for the data, document or email you know the client sent you, swapping between different systems and screens or […]
…Preparing and reviewing a set of accounts can be a juggling act. Hunting for the data, document or email you know the client sent you, swapping between different systems and screens or
Embarking on technical transformation doesn't happen overnight. It takes commitment, strategic planning and a clear path. Discover how to move forward with your accountancy firm in today's world of digitisation, automation and
In this chapter from our recent AI whitepaper ‘Beyond the hype: the real benefits of AI for your accountancy firm', we check our understanding of AI and introduce several companies already using
In this chapter from our recent AI whitepaper ‘Beyond the hype: the real benefits of AI for your accountancy firm', we start to unpick the benefits from the hype. "If you don't
The team at Silverfin developed this whitepaper to bring together industry analysis of the key AI issues occupying accountants' minds today. Using explanations of the ways AI is being applied to accountancy, technical
Facing mundane manual tasks and tight deadlines, accounting firms often find their teams overwhelmed, leading to human errors and missed opportunities. That's where accounting firm software can help. It ensures your team
Your accounting firm may use workflow software to onboard new clients and manage deadlines, but workflow software can do so much more for your accounting firm. For example, when you combine workflow
With so much financial data changing every day, the modern accounting firm needs streamlined processes and the right tools to manage them while staying compliant. But with firms using a different tech
It's with mixed emotions that we announce a change in our product leadership team at Silverfin. Recently we bid a heartfelt farewell to Tim Vandecasteele, our co-founder and the visionary leader of
If there is one thing you can count on, it's changes to compliance regulations. In fact a recent report by Accounting Web Intelligence cited the increasing compliance burden as the largest factor
Many traditional accounting tools can no longer keep up with the demands of the modern world. Your clients expect work done faster, mistakes come with costly consequences, and as soon as you
We were joined at a recent webinar by Mark Thurston Director at East Anglian accounting firm Gascoynes to discuss the firm's move from legacy accounting software into the cloud. The successful firm
Is your firm struggling with human errors, duplication of work, and a lack of available resources? Client automation software for accounting firms is the solution. Through automation, you can streamline and improve
Unlock the potential of your client's financial data with post accounting software. This powerful tool goes beyond keeping track of numbers and helps improve consistency and capacity with many post-bookkeeping tasks. It
When Accountants discuss AI it often concerns whether machines will replace them with AI ‘taking over'. But, before you get anywhere near replacing a human's contribution made up of years of experience
The application of an AI tool for accounting extends far beyond chatbot interfaces like ChatGPT. It can also delve into the realm of machine learning for data analysis and helping your firm
Need to make a decision between Silverfin, CCH and Iris for your accounting workflow? It all comes down to aligning your software choice with your firm's specific needs. Whether you're moving away
Manual data entry, human errors, and fragmented client communication. These are common issues accountants face every day. Often caused by inefficient processes and legacy tools, it's also a compliance burden hindering your
Tax season usually means long hours, mounting paperwork, and the ever-present risk of human error. For accountants, tax workpaper preparation is a crucial yet time-consuming task. But what if there was a
iXBRL, or Interactive eXtensible Business Reporting Language, ensures that financial reports are precise and compliant. However, the process can be intricate and time-consuming. Unless you automate the process. By leveraging technology, you
Ideally, a customer portal for accounting firms is a secure cloud-based platform that can improve how you interact with your clients. With a seamless exchange of sensitive information, you can avoid messy
What's your tech stack like at your accounting firm? If you're using Excel spreadsheets and tools that don't speak to each other, you're increasing the chances of wasted work and creating bottlenecks
No one knows better than accountants that profit margins are what's left when your salaries and costs (like rent and software subscriptions) are deducted from revenue. So, how can accountants protect or
The accounting industry is at a crossroads. You need to either adapt to the digital era and embrace new technologies or risk exposing your firm to inefficiency and a drop in profitability.
Accounting firms today are at a crossroads with data management and operational efficiency. They grapple with challenges such as: Traditional systems often lack the dynamism to keep pace, creating voids in digital
Some of the biggest challenges we see facing modern accounting firms are: Sound familiar? Then cloud accounting automation is the solution. It revolutionises financial management for accountants by replacing outdated methods with
Accounting firms are grappling with a critical issue: inefficient and outdated workflows, particularly in post-bookkeeping activities. This over-reliance on conventional tools like Excel spreadsheets results in significant drawbacks — decreased competitiveness, client
Using Artificial Intelligence (AI) in accounting is no longer a "nice to have." It's essential if you want your accounting firm to compete and thrive. But, a sense of unease and fear
Are you feeling the pressure to expand your accounting firm, but find yourself stuck in the trenches of day-to-day compliance work? It's a common predicament. You want to scale up, but the
Last week the Silverfin team hosted an AI roundtable with Dan Cockerton from the Digital Accountancy Show. Attendees included over 30 guests from some of the UK's leading accountancy firms including Moore
Fee pressure is a common adversary for accounting firms. The battle to maintain profitability while offering competitive pricing is constant. Clients expect more for lower fees, while competition from other firms also
Is your accounting firm struggling to maximise profitability? Are you still using outdated tools like Excel spreadsheets? If you're nodding your head, you're hindering not just your efficiency but also creating data
Are you tired of drowning in a sea of manual data entry and repetitive tasks, all while struggling to meet the ever-increasing demands of your clients? The problem is clear: the traditional
Excel is a long-trusted companion for accountants managing financial data and aiding in number crunching. However, as the demands of modern accounting evolve, a crucial problem has emerged. Excel, while familiar and
Accounting firms face a significant problem in the current climate-how to improve an accounting practice by streamlining operations. As regulations and industry trends constantly evolve, staying compliant and up-to-date is more challenging
Many accounting firms are anchored to outdated methods, facing challenges in meeting the dynamic demands of the digital era. Traditional methods of accounting, while tried and true, often lack the agility and
Accounting firms increasingly turn to cloud-based software to stay competitive and efficient in today's fast-paced business landscape. The cloud computing age has ushered in a new era of possibilities for accountants, enabling
Accounting isn't what it used to be-and that's not necessarily bad. Scrutinising endless spreadsheets and grappling with the headache of manual calculations is tedious and time-consuming. And with the financial landscape becoming
I'm really excited to announce that Silverfin has been acquired by the Visma Group, one of Europe's leading business solution providers for cloud accounting software.
We recently hosted a webinar showcasing Silverfin Assistant, our new AI-powered Copilot for accountancy firms. The product has just launched in the UK, but was already used by...
I'm really excited to unveil our brand new learning platform, the Silverfin Academy. It's a self-serve training portal delivering standardised, high quality and up to date...
We gathered some great customer feedback recently on how we could improve our Insights module. Now it's time to reveal the results!
Your New AI-Powered Copilot for Accounting Compliance Excellence I'm thrilled today to announce the launch of the Silverfin Assistant. Although I
As I sit down to pen this message, I am filled with a deep sense of gratitude, nostalgia, and anticipation. It's hard to believe that my journey at Silverfin, spanning a decade
I've been working at Silverfin for a little over 6 months now, after my brief hiatus away from the world of UK SME accountancy, and it's felt like I've never been away.
For better or worse, a big part of my life this past decade has been spent trying to understand what accounting firms really want. Even when sometimes they themselves aren't too sure.
In the world of accounting, the demand for talented and skilled professionals is constantly on the rise. This is having such an impact that I've spoken to firms who are unable to
This update looks way beyond the last month and even into future years, so buckle in! On the 15th of June in the heart of Battersea Park, a real show for accountants
In May, 600 of our customers attended our Fast Forward event to connect with us and with each other, learning and sharing thoughts and ideas. New technology and especially AI were the
Accountex London, the esteemed accounting event, brought together industry leaders, innovation technologies and financial professionals from around the world. Boasting over two days on Wednesday, 10th and Thursday, 11th May, amidst the
Hi and welcome to our May update on AI for Accounting.
2023 is set to be an exciting year for Silverfin in the UK. With an expanded team and new product capabilities, we're on track to accelerate growth and deliver even more value
You've probably heard the exciting news that Silverfin is joining the Visma family. We caught up with our co-founder Tim to reflect on the company's journey so far and get his thoughts
We're excited to hear we are a finalist in this year's EY 'Scale-up van het Jaar' award.
It is time for accountancy firms to step up to the plate as advisors. They have a crucial role in helping their clients thrive—not just survive
Change might be a constant but that doesn't make it easy—especially when implementing new technology. In this blog, I'll discuss the challenges accounting firms face with tech deployments and digital transformation, and
Are we seeing the death of advisory - and the associated role of the accountant as strategic business advisor? No but we are seeing a change in what advisory is and how
I hosted a panel discussion at The Digital Accountancy Show exploring how companies can ensure technology delivers while enacting large-scale change or digital transformation projects.
We're excited to announce how we're putting AI at the heart of Silverfin.
We spoke with Alastair Barlow, co-founder of flinder, about how they've transformed their clients' businesses by becoming trusted advisors.
We met with some leading firms at the end of 2021. Read what they had to say was occupying their minds most as a new year gets underway.
For accountancy firms, going paperless means lower costs and greater efficiency. But moving away from traditional ways of working can be hard.
Our product priorities, how these have shaped our recent developments and what we are working on for the future.
How much of an impact did the pandemic have in changing fundamentally how the profession works? What progress has been made in digital transformation and which areas still need attention?
Accounting compliance and workflow automation has the power to transform the profession just as it has in bookkeeping. Follow these three steps to harness the true power of automation within your firm.
Very few firms cite advisory services as their biggest revenue earner today. Why does this gap exist and how can firms use the two ‘A's to close it?
The insights that firms gain from benchmarking are invaluable, both internally and externally. All too often, however, they're simply invisible or it is just too hard to do.
We've won 2021's Deloitte Technology Fast 50 most sustainable growth category in Belgium.
We just announced our acquisition of an exciting Belgian machine learning and artificial intelligence company - Boltzmann. They have been a Silverfin partner for a while now and we've explored together how
What progress have firms made in transforming their business and client services, and how has the pandemic impacted their efforts?
Discover what progress firms are making in their business and digital transformation plans, and the impact the pandemic had on their initiatives.
Technology has changed bookkeeping forever by automating and simplifying financial tasks for clients and their accountants. Now it's time for accounting to experience the same transformation. Client expectations are changing and technology
"A picture paints a thousand words." We hear this all the time don't we. It is just as true in accounting and for data, particularly management reporting.
Last year, Silverfin hosted a series of online breakfasts with accountants across the UK to discuss how they were approaching this challenging year.
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