We are all well aware of the changes being driven through the accounting profession on the back of technological disruption.

Accountancy firms are seeing downward pressure on traditional compliance fees and need to seek ways to replace this income from other sources. Many believe the way for firms to do this is through development of advisory services.

The cloud based accounting systems have been a catalyst for the growth of add-on Apps to help businesses automate and streamline many elements of business process. This is a key opportunity for accounting firms to support their clients and generate new revenue streams in the process. The challenge however, as with most advisory, is the acquisition of the knowledge and skills required.

To facilitate firms being able to deliver this area of advisory, we would like to introduce you to App Advisory Plus.

App Advisory Plus are building a completely independent app database populated by vetted app partners who have authorised integrations with any of the leading cloud accounting software solutions including Xero, QBO, FreeAgent, Sage and KashFlow. The database will sit on a member community website and will provide a first port of call for firms looking for apps to meet specific client requirements based on platform, industry sector and so forth.

Members (accounting firms) will subscribe to the service giving access to the database, a community platform and a first line support app helpdesk. App Advisory Plus will work with vendors to provide valuable, app specific education content, as well as developing general app implementation and advisory content for members to access to help deliver advisory services to their clients. App Advisory Plus will also develop and build on existing relationships with implementation partners to assist firms in delivering effective and top quality app implementation for our members.