November 19, 2022
Overview: Empower accounting firms to augment their revenue, risk mitigation, and utilize existing resources to gain operational efficiencies in the accounting and managed professional services vertical. The goal was to increase the output yield per employee.
Challenges: Amidst intense competition, escalating compliance risks, and technology disruptions, accounting firms are exploring additional revenue channels through digitally secure platforms.
IDOS Solution: IDOS’ secure technology provides accounting, taxation, and financial services as well as financial advisory software, in compliance with the internal business protocols of global consulting firms. Further, IDOS offers specific versions of the platform to audit and accounting services providers under in-house branding (white label engagement) or a co-branding arrangement.
Results: Accounting firms have benefitted by way of access to world-class software, which further opens up avenues for cross-selling to their end clients. The IDOS Platform has multiple monetization opportunities besides license fee, which is shared with the audit firms to augment their revenue base without assuming any additional risk.