SAP for accounting firms offering audit, advisory, and legal services
LEGAL - AUDIT - TAX is the solution by cimt AG for accounting firms offering audit, advisory, and legal services. Besides its integrated functions for different purposes from the field of accounting, controlling, time and travel management, and billing, the system also offers high usability and functionality with regards to client relationship management.
- Main functions of the LEGAL - AUDIT - TAX solution.
LEGAL - AUDIT - TAX covers all core competencies relevant for accounting firms with different office locations and owned by several partners. The solutions, which is completely integrated in SAP, offers a broad range of functions for auditing services, audit-related tasks, tax services, commercial law, and management consulting.
The following requirements which are characteristic for accounting firms led to the development of LEGAL - AUDIT - TAX, which can also be run in outsourced operations, by cimt AG.
- Consistent data processing systems and business processes at different locations.
- Reduction of system-related interfaces.
- Mobile access to the system for auditors and consultants.
- Accelerated billing processes.
- Increased transparency for the reporting system.
All business processes are taken into account during the customizing and industry specific additional developments, reports, and forms are included in the system.
- The three data dimensions in LEGAL - AUDIT - TAX.
All business processes are taken into account during the customizing and industry specific additional developments, reports, and forms are included in the system.
Financial accounting
The parts accounts payable, accounts receivable, as well as asset accounting are completely integrated in SAP and can be used without industry-related further developments. In addition, an electronic equipment management tool (hardware, laptops, furnishings, etc.) which enables an automatic barcode-based stock taking for every location can be offered.
Accounts receivable and risk management
Checking acceptance of assignments or credit notes relies on a dynamic set of regulations depending on the type of assignment and the client?s risk category. Based on these characteristics and a specific line of credit, each client's risk is systematically analyzed. A central reporting interface, providing all critical information from client master data, to overdue data, to outstanding payments, supports a quick and efficient accounts receivable management.
Controlling
A comprehensive results accounting completes the traditional overhead controlling based on different types of costs and cost centers. Main feature is a central catalogue of different key figures (e.g. sales, net contribution, utilization, billed hours, deferred hours, etc.) that offers preconfigured analyses for partners, employees, offices, advisory services, and all other client attributes.
Time and travel management
With SAP Cross-Application-Time-Sheet registering hours and business trips becomes very easy. An offline feature was added to the application so that every employee can enter time and business trip data with his laptop even without a connection to the SAP system. The data will automatically be synchronized with SAP later.
Client and billing
After entering all hours, travel expenditures, and further expenses, a comprehensive overview on the client?s ledger is available and invoices can be processed in real-time.
The heart of the service provider solution by SAP is the resource-related billing called 'DP91'. 'DP91' is used to be able to decide, at any given moment, which hours are to be billed and which are to be deferred. Fixed price assignments and billing plans can also be used.
- A possible relationship network of your clients.
Client relationship management
The network of relationships to the clients is manifold. The client relationship management supports an effective customer management with regards to all marketing and sales activities. With its concise analyses it is the basis for targeted decisions.
Of course, clients and their respective contact persons can be hierarchically arranged. Besides this, the complex network of personal and commercial relationships can also be captured and assessed.
Contact management
Following our system philosophy, the contact management is used and maintained by the employees who work in close contact with the clients. Hence, a customized solution that meets the professionals' requirements was developed instead of using the complex SAP CRM solution. This customized solution supports the employees in browsing a client?s history as well as maintaining this history. For every contact, there is a broad range of items that can be attached to the contact. Another function of contact management is the appointment and progress tracking. With this function it is easy to document different events such as customer pitches (phone calls, visits, etc.)
Activities
The action management function is closely connected to the contact management and acts as another component of the client relationship management system. Action management allows easy planning and execution of different activities, efficiently addressing the right contact persons.
Conflict Check
Assessing the compliance with basic principles of unbiased and independent professionalism as well as avoiding conflicts of interest is part of the system. For every new assignment a 'Conflict Check' is performed.
Peer Audit
The solution also offers valuable support regarding the Peer Reviews that a required by law for German auditors and accounting firms since December 2000.
cimt ag's system is based on a completely preconfigured SAP Service Provider Solution. Its functions are focused on business core competencies and equipped with an industry specific and optimal user interface. It is based on SAP R/3 and comes with all advantages of integrated R/3 applications.
Your advantages
- Complete implementation at a fixed price.
- Complete integration in existing R/3 infrastructure.
- Fully scalable solutions that grows as your company does.
- Fully configured system with defined business processes.
- Certainty regarding capital expenditures.
- Easy to learn and use.
- High usability even for inexperienced users.
If you are interested, please contact Ute Leidereiter for more information. If you wish, we would be glad to organize a workshop in our offices or establish contact to one of our reference customers for you.