5 Ways AI Can Boost Your Firm’s Revenue
Running an accounting firm means juggling multiple responsibilities—keeping clients compliant, avoiding costly mistakes, and trying to grow without overwhelming your team. AI tools like XBert help you tackle these challenges by automating repetitive tasks, spotting risks early, and providing clients with actionable insights.
Here’s how to leverage AI to streamline your firm and grow your business.
1. Automate Tedious Tasks and Save Time
Manual bookkeeping tasks—like checking invoices or payroll—are time-consuming and prone to human error. AI can eliminate much of this grunt work. With XBert’s AI-driven audit risk alerts framework you can not only let over 80 types of data checks automate monitor your ledgers daily, you can also create you own with Generative AI. So you can unlock limitless efficiencies or advisory conversations without the effort of trawling through the data. . For example, XBert helps you catch duplicates, GST filings or ask it to alert you when a client revenue drops 20% automatically, saving you hours every month, and allowing you to have faster more valuable conversations that result in additional advisory revenue.. According to Brendan Lucas from Next Dimension Accounting, XBert has “saved us hours of manual work on every BAS review” by automating those checks.
Automation frees your team from manual tasks, allowing you to focus on providing strategic advice to clients.
2. Catch Costly Mistakes Early
No accountant wants to discover a major error right before a deadline. AI helps you catch mistakes before they snowball. XBert’s AI-powered audit alerts scan data in real time to flag issues like duplicate transactions, missed payments, or cash flow inconsistencies. In one instance, an accountant shared that XBert’s alert system detected an employee’s bank account matching a supplier’s—helping them uncover potential fraud before it escalated. As Brendan Lucas noted, AI provides “an extra set of eyes,” catching risks humans may miss.
Avoid expensive mistakes and reduce financial risks for both your firm and clients.
3. Streamline Client Onboarding
Onboarding new clients can feel overwhelming, especially if their finances are disorganised. AI simplifies this process by automatically assessing a client’s financial health during onboarding. XBert’s workflow automation scans all client data for potential issues like missing documentation or inconsistent entries, ensuring a smoother onboarding experience. Brendan Lucas shared that XBert’s AI tools helped him onboard clients faster while identifying key areas needing attention, shaving hours off the process.
Brendan also accesses the XI Global Community where he utilises one of the preloaded prompts, to draft a Data Quality Summary that he sends with proposals.
Speed up client onboarding and improve data accuracy, allowing your firm to take on more clients without sacrificing quality.
4. Data-Driven Insights
Clients are increasingly looking to their accountants for more than just compliance. They want insights that help them grow their business. XBert’s Business Intelligence (BI) analytics give accountants access to comprehensive reports that highlight trends and risks in real time. For example, the platform can pinpoint when wages exceed a profitable percentage of revenue, allowing clients to make informed decisions about payroll costs. Providing such insights not only adds value but positions you as a key advisor to your clients.
Use AI to deliver tailored advice, helping clients make smarter decisions based on real-time data.
5. Stay Competitive in a Tech-Driven Market
Using AI is no longer a luxury—it’s a necessity. Firms that integrate AI tools are not only more efficient but also more competitive. XBert integrates seamlessly with accounting platforms like Xero, QuickBooks, MYOB, and FreeAgent allowing you to streamline workflows without overhauling your current systems. Brendan Lucas shared that his firm grew by 200% over two years by adopting AI tools like XBert, allowing them to deliver faster, more accurate services without the need to hire additional staff.
Boost efficiency, attract tech-savvy clients, and grow your firm without adding more staff.
AI is no longer just a buzzword. It’s transforming accounting firms by automating tasks, improving accuracy, and delivering insights that help clients make smarter decisions. By leveraging tools like XBert, your firm can increase revenue and stay ahead of the competition.
