Month: June 2024

The Cloudoffis Compliance Advantage for Integrated Audit Services

Integrated Audit Services, a leading auditing firm based in Brisbane, has transformed its operations with Cloudoffis SMSF Auditomation. Manager David Alcock, CAANZ, shares how the transition from manual systems to automation has saved time, reduced compliance headaches, and provided new operational insights, allowing his team to deliver exceptional customer service and faster turnaround times.

Client Case Study: Integrated Audit Services
Client: David Alcock, CAANZ
Position: Manager
Company: Integrated Audit Services
Location: Brisbane, Queensland
Service Area: Queensland and nationwide
Client Base: Diverse, including SMSF clients
Website: https://integratedaudit.com.au/

Integrated Audit Services, a leading auditing firm based in Brisbane, has transformed its operations with Cloudoffis SMSF Auditomation. Manager David Alcock, CAANZ, shares how the transition from manual systems to automation has saved time, reduced compliance headaches, and provided new operational insights, allowing his team to deliver exceptional customer service and faster turnaround times.

Company Overview:

Integrated Audit Services is an auditing firm based in Brisbane specialising in a range of audits, including SMSF (Self-Managed Super Funds). The firm manages a large number of SMSF audits across Australia.

The Challenge:

Before adopting Cloudoffis SMSF Auditomation, Integrated Audit Services relied on manual systems like spreadsheets. The constantly changing regulatory landscape made it imperative to find a technology partner to ensure compliance and streamline their audit processes.

Why Cloudoffis:

  • David Alcock and his team chose Cloudoffis for its comprehensive compliance support and its ability to address specific compliance needs that their previous manual system couldn’t handle. 
  • He trusts Cloudoffis to effectively implement any necessary updates related to SMSF legislation changes, ensuring that Integrated Audit Services remains compliant and accurate. David believes in Cloudoffis’ capability and reliability to stay current with legislative modifications, providing peace of mind and reducing the burden of manual updates.

Cloudoffis Implementation:

Since November 2017, Integrated Audit Services has been using Cloudoffis SMSF Auditomation. The transition to this automated system has brought significant improvements to their operations.

Benefits Realised:

  • Time Savings: Automation has drastically reduced the time spent on audits.
  • Reduced Headaches: Simplified compliance and audit management.
  • Operational Insights: Enhanced ability to track data and processes.

Favourite Features:

  • Automatic Letter Generation: Simplifies the creation of management letters, qualifications, and contravention reports.
  • Rolling Forward Feature: Maintains tags on documents year over year, saving unnecessary rework.
  • Internal and External Query Monitoring: Allows efficient management of queries from both team members and accounting clients, improving customer service and turnaround times.

Future Plans:

With the time saved and operational efficiency gained, David has been able to implement other new technologies into the practice, further enhancing their operational efficiency.

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Great news for Class Customers

We’re excited to announce that the enhanced Class Workpapers powered by Cloudoffis is now live and free to use for Class SMSF Accountants.

The introduction of over 10 new features and enhancements to Cloudoffis Sorted Lite further streamlines the management of your client SMSF’s on Class.

What’s New:

  • Simplified Activation Process: No more lengthy forms. Simply log into your Class account, navigate to ‘Settings’ and then ‘Integration’ and activate Cloudoffis Sorted Lite.
  • Single Centralised Platform: Manage everything from one place. Prepare workpapers, audit, manage queries and collaborate with auditors seamlessly from the Cloudoffis portal connected to Class.
  • Audit Console Page: Track the progress of workpapers and audit submissions with the new Audit Console page. Gain insights into queries with your auditor.
  • Integration with Class DMS: Load documents directly from Class DMS to Sorted Lite and save final workpaper files back to Class DMS. Maintain document tags between Cloudoffis and Class effortlessly.
  • Working with Multiple Auditors: Connect with multiple auditors and submit funds to them hassle-free.
  • Sorted Lite Dashboard Options: Enjoy new options on the Cloudoffis Sorted Lite dashboard, including viewing documents, status in audit and queries and updating the latest financial data.
  • Easy Switching Between Different Businesses: Switch between different businesses in Class effortlessly, simplifying fund management for multi-business firms.

For a more information, check out the Class Help Doc. For a detailed walkthrough, check out our Demo Video.





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Welcome to the May edition of the Cloudoffis bulletin

It’s an exceptionally busy time for the SMSF industry, especially our Auditors who have been working overtime to hit deadlines. We’d like to share our gratitude to all the SMSF Auditors out there that are working tirelessly to keep our industry, SMSF Accountants and Trustees, safe and compliant.

This month, we’re proud to feature a new tip sheet to help you rethink your practice management as you head into the new financial year. The feedback from across our network has demonstrated that there is a strong need for improved operational excellence to help with growth and compliance. Based on these conversations, we’ve compiled three proven trategies to help you enhance your practice management in 2024. Take a read below.

We’re also sharing some short videos that our team has been working, providing you with a new way to consume the Cloudoffis product updates for Auditors and Accountants alike. Grab a coffee and jump on in

Industry trends

Rethink your Practice Management: 3 proven strategies

Are you an auditor looking for ways you can rethink your practice management to help you stand out from the competition without resorting to price reductions?

The answer lies in delivering exceptional customer service as your point of difference, ensuring customer satisfaction and generating referrals from their network.

Download the guide


Maintain your brand integrity with secure data sharing and storage

If safeguarding your brand reputation and securing your clients’ data is a top priority, we invite you to review our updated Data Security Policy.

Our platform not only ensures secure data storage but also features robust access controls to protect you, your staff, and your clients. With administrator-defined access levels in Cloudoffis, your team members can only access the information necessary for their roles, ensuring maximum security and efficiency.

Product update

Say yes to manual files and start auditing straight away

In an industry first for our Auditing community, Cloudoffis has delivered an easy way for you to receive manual files such as PDF, excel or CSV from your clients.

With our manual uploads feature, we turn your manual files into structured data that’s ready to audit immediately, so you can say goodbye to intricate, error-prone ways of working and hello to new revenue and happy clients.

Watch this 2 minute video to learn more about this much loved feature that can help you increase your revenue.




Import and export documents securely between SMSF Sorted and FYI

Document management is a time-consuming, yet important task to get right, which is why we are thrilled to introduce our integration between SMSF Sorted and FYI.

With just the click of a button, you can access and import all your documents stored in FYI from your SMSF Sorted account and once your workpapers are generated, you can effortlessly save them back into your preferred cabinet in FYI, all without leaving SMSF Sorted.

If you’re an accountant looking to boost productivity, watch this 1 minute video to see how you can securely transfer documents between Cloudoffis and FYI Docs so you never have to go searching for paperwork again.

Automate, submit and track your audit jobs with ease

Keen to see how the new and improved Class x Sorted Lite integration works? Watch this short video to see how you can automate your workpapers, submit workpapers in just one click and track your audit jobs.

Experience more of the new Cloudoffis

More than 55,000 funds have been processed on Cloudoffis in FY23. If you think there’s room for you to optimise your practice, enhance operational efficiency, or elevate customer experiences this year, now may be an opportune time for us to connect.

Book a time to chat that suits you.

 

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