In a world where data has been dubbed ‘the new currency’, ask yourself this question – “what data do you store when it comes to understanding your clients non-financial business advisory requirements”?
Data is a critical source of intelligence, data shapes marketing plans, financial plans, innovates products and determines your clients customer experiences.
How you manage, collect and interpret client non-financial data will ultimately determine your client support and their revenue and success.
Non-financial business advisory is becoming an essential tool in the kit-bag for accountants and advisory, who are looking for new revenue streams to compliment the traditional heavy lifting of compliance work, which represents 80% of the revenue of most advisory firms.
The challenge for smaller accounting and advisory firms comes from any number of growing channels. In particular firms that are embracing technology, especially digital advisory platforms such as Risk Dashboard.
The growing pressure of consolidation within the sector and the demands from clients for enhanced solutions and engagement, as well as the overall development of technology and trained talent to deliver growth.
Adding new non-financial advisory services, will allow you to grown your service lines, and expand on existing non-financial support services, such as;
- HR
- Health & Safety
- Cyber & online threats
- Sales & Marketing
- Exit Planning Strategies
At the heart of all this growth potential sits this ‘new currency’ – data, the very epicenter of Risk Dashboard.
Consider this; thousands of lines of data from clients, informing you of their risks, vulnerabilities, areas of non-financial compliance, threats across their operations, and the information on how to support these service lines, what benefit could you deliver into your clients, whilst growing your own revenue?
Risk Dashboard provides real-time evidence based continuous analysis for improved reporting and decision making for accountants, business advisors and their clients.
If you would like to know more about how Risk Dashboard can help you get your practice, please contact Neil Campbell, Commercial Director at Risk Dashboard on info@riskdashboard.co.uk.
We look forward to hearing from you, and A very Happy and Prosperous 2022.