The Bonadio Group accounting firm has released a business intelligence and performance management system aimed at CPA firms.
P3 Advanced Performance Management Solution for CPA Firms includes Salient Corp.'s performance management software tailored to the needs of CPA firms. The system offers access to business data and multi-dimensional analytic capabilities across different practice management applications.
Managing partners, firm administrators, executive committees, engagement partners and other types of supervisors can look at data combined from their company's financial, time reporting, scheduling, CRM and billing systems.
CPA firms can compare and rank clients for purposes of profitability analysis and action, and prepare margin analysis by client, project, partner and team. They can also do chargeable hours trending and capacity analysis, and review job statistics by individuals, teams, locations and partners. Firms can also rank performers by comparative metrics, connect staff assets and services to margin opportunity, and monitor budgets to chargeable performance.
Bonadio began working with Salient when it began doing fraud auditing for the New York State Medicaid system, according to Don Eichenauer, CPA, a partner with the Bonadio Group. "P3 allows groups and individuals to make informed business decisions and improve business performance," he said. For more information, go to www.bonadio.com.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access