Look at any Big Four firm and compliance makes up just 25 percent of its revenue. However, they are spending millions of dollars to make sure they can catch the cloud accounting wave rather than be swept over by it.
The latest Macpherson Report “The Big Four and the Cloud” takes a deep dive into two of the most sophisticated cloud accounting operations run by Big Four firms. It includes candid interviews with the heads of these operations on the challenges to setting up a cloud division and how they overcame them.
Two of the Four are using cloud accounting to slash costs, increase the speed and raise quality of service in their compliance divisions. At least one of them is using these efficiencies to drop prices and scoop up small business customers.
How small? KPMG UK sells a cloud accounting service for sole traders that starts at £145 a month. Including unlimited phone calls to their KPMG accountant (in the UK)…
This report is a must-read for any accountant interested in how the Big Four are using cloud software themselves or concerned about the threat of competition from the top end of town.
- Interviews and analysis of the operational, cultural and billing-related changes made by two firms (KPMG UK and Deloitte Australia)
- The tips and tricks they have learned in refining those processes
- Recommendations for how to introduce these improvements to your own firm
- Update on the Big Four’s plans for cloud in Australia
The report “The Big Four and the Cloud” is available here. Email firstname.lastname@example.org to join the notifications list and receive an early bird discount. The discount must be used before 11.45pm Friday 28 August.
If you are an accountant wondering how the big guys are grappling with the challenge of cloud accounting, this report is for you.