Accounting firms need to become more intelligent businesses by better leveraging the time and knowledge of their professional staff, according to a survey released at the CCH user conference.
Ninety-six percent of the partners at the 300 firms surveyed said that being an intelligent business is an important part of their firm's growth strategy, but only 6 percent believe that their firm is very effective at operating as an intelligent business today.
"Firms today are performing well, but to thrive in this challenging environment, firms need to take their business performance to the next level," said CCH president Mike Sabbatis.
Firms with a formal knowledge management program benefited from its implementation. Seventy-six percent of the partners polled reported increased efficiency, 69 percent saw improved client service, 63 percent experienced increased productivity and 62 percent said their firms had increased their revenue.
In other CCH news, the company announced the release of ProSystem fx Scan 3.0, containing enhancements resulting from CCH's partnership with EMC and its use of EMC's Captiva scanning engine. The latest version contains improved image enhancement, more accurate form recognition, better accuracy and speed, and a dashboard feature for managing and reviewing the status of scan jobs. CCH has also improved the bookmark and calculator functions.
