Top tips for implementing data analytics in your firm from the ICAEW

Recently, the ICAEW hosted a webinar in which James Cowper Kreston’s Alex Peal and BHP’s Lisa Leighton ran through the lessons they’ve learned after using data analytics software for a year.

The firms, which both use Inflo, ended the webinar with their top tips for any firm looking to implement data analytics software themselves.

To help you hit the ground running with our next generation software (which you can get to grips with today through our 30-day free trial), here’s Alex and Lisa’s top tips:

Start small

Inflo completely transforms the kind of value your firm can add to every engagement.

Because of this, we agree with Alex and Lisa that you shouldn’t implement it across your entre firm and every single client overnight.

Instead, start small. Pick a handful of clients, a handful of offices, and a handful of Inflo Champions to roll our software out.

This will give you the chance to really get to grips with the added value you can bring to the table for your clients before you launch our software across your firm.

Start with receptive clients

The fact of the matter is that some of your clients are going to be more open to the diea of data analytics than others.

While we recommend that you share our For Clients page with your clients to help educate them on the benefits they’re going to enjoy when you start using Inflo, we also recommend you start the journey with the clients that are the most receptive to change.

Pick the right people internally

Alex and Lisa also recommend that your firm appoints someone internally to be in charge of rolling out Inflo.

The ideal person for this role will be interested in future-proofing the firm and technical enough get an intuitive grasp of our software (with the help of the support we offer to all of our users).

Don’t keep testing different platforms

One things Alex and Lisa were keen to reiterate was that you shouldn’t waste too much time testing out different data analytics platforms.

If you’re not careful, this can end up being a huge time sink for your firm. You’re much better off choosing one software after your initial research and sticking with it.

Don’t expect perfection straight away

Lastly, Alex and Lisa recommend that you don’t expect to get it completely right straight away. Start with a small batch of clients who understand the long-term benefits that data analytics are going to bring to their business and work closely with them to figure out the best way of delivering the added value Inflo makes possible to them.

As you get to grips with this new way of working, you can launch our next-generation software across all your engagements and transform your firm into your clients’ invaluable business advisor.

So, there you have it: the top tips for implementing data analytics software from two accounting firms that have been using Inflo for a year now.

If you want to experience Inflo yourself and see how it can transform the way your firm works, we recommend you start our 30-day free trial today.

And if you want to learn more about how our software can transform your firm, don’t hesitate to contact us today to speak to a member of our team.