The Tax & Accounting business of Thomson Reuters recently announced that its users have implemented more than 500,000 client portals, an increase of over 200,000 portals in the past year alone. The data shows that the rate of adoption of Thomson Reuters client portals has more than doubled compared to the previous year.
Scott Fleszar, vice president of Strategic Marketing for Tax & Accounting, Thomson Reuters, attributes the increase to a fundamental shift of accounting firms in delivering valuable information to their clients. What once was seen as an optional feature or competitive advantage for tech savvy firms is becoming a core strategic asset for meeting client expectations and helping accounting firms adapt to the growing mobile trends. Fleszar said new mobile devices have made portals even more useful to both accountants and their clients, turning them from merely a client benefit into a strategic workflow asset.
“These numbers show a fundamental shift in how the profession views portal technology,” Fleszar said. “The proliferation of mobile devices like smart phones and tablets has helped to turn portals from a nice extra to a fundamental tool for exchanging information, providing client service, and rounding out paperless workflow. Our users – and our users’ clients – demand them.”
Fleszar also attributed the trend to the versatility of NetClient CS portal technology, which enables tax and accounting professionals to perform a variety of advanced features anytime, anywhere, including payroll options, access to client accounting applications, real-time collaboration with clients, and client invoicing and credit/debit card payment collection within the portal, in addition to traditional file transfer and posting of finished documents.
Fleszar said Thomson Reuters is also dedicating significant resources to helping customers transition to portal technology, including instructional videos, free web-based training courses, and a consulting program to help firms develop and execute effective portal strategies.
Accessed through an accounting firm’s website, NetClient CS portals offer firms and their clients a convenient, secure way to access finished documents and tax returns, transfer data, convey information, receive and pay client invoices, access client accounting software, and more – anytime, from any Internet connection. Since 2001, the Tax & Accounting business of Thomson Reuters has offered portal solutions designed specifically for the tax and accounting profession. For more information on Tax & Accounting’s portal offerings, visit http://CS.ThomsonReuters.com/Portals/
About Thomson Reuters:
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science, and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
The Tax & Accounting business of Thomson Reuters is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax, and corporate finance professionals in accounting firms, corporations, law firms, and government. Headquartered in New York, Tax & Accounting has major operations in Ann Arbor, Dallas, Hyderabad, London, Sydney, and Toronto. For more information, go to http://thomsonreuters.com/products_services/taxacct/.