Key Results
The Challenge
A CPA firm faced challenges such as limited capacity to take on new large clients, rising local wages, poor profit margins, difficulty securing high-value contracts due to cost constraints, and the need to balance quality service with cost-effective staffing solutions.
Client Profile
The client was a reputable mid-sized CPA firm struggling to expand and thrive in an increasingly demanding market, requiring a strategic shift in its operational approach.
The Solution
After a thorough analysis, alliantTalent provided the CPA firm with a tailored managed services solution. We curated a dedicated team of exceptional professionals, each bringing unique expertise and specialized skills to address the firm’s specific challenges.
| Role | Experience | Impact on the Project |
|---|---|---|
|
Accountant |
Highly qualified, experienced in staff accounting, located in a different time zone |
Supported staff accounting and impressed internal team and clients with work quality and efficiency, enabling the firm to take on additional projects. |
|
Tax Specialist |
Extensive experience in tax planning and compliance |
Contributed specialized tax expertise, allowing the firm to offer more comprehensive services and attract new clients. |
|
Audit Expert |
Skilled in audit processes and financial analysis |
Enhanced the firm’s audit capabilities, enabling the firm to handle more complex client needs and secure high-value contracts. |
Our Approach
Comprehensive Assessment
We conducted a thorough evaluation of the firm’s needs and challenges.
Custom Solution Design
We developed a managed services package with dedicated accountants, tax specialists, and audit experts.
Seamless Integration
Our team was fully integrated into the firm’s workflows and systems.
Ongoing Support
We offered continuous management and optimization of our dedicated team’s performance.
Results and Impact
The implementation of alliantTalent’s managed services strategy catalyzed significant improvements across the firm’s operations:
Substantial Cost Optimization
The firm achieved a remarkable 40% reduction in operational costs, driving a 15% increase in profit margins on existing client work. This cost-effective approach allowed the firm to maintain service excellence while substantially improving financial performance.
Enhanced Capacity and Agility
The firm was able to handle 30% more client work, proving particularly valuable during peak seasons, including winning a $500K contract with a Real Estate Investment Trust (REIT). This newfound flexibility facilitated efficient management of workload fluctuations and elevated client service standards.
Competitive Edge Enhancement
The optimized operational costs empowered the firm to bid more competitively on high-value contracts while upholding superior service quality. This strategic advantage facilitated the acquisition of lucrative contracts and expansion of the client portfolio.
Accelerated Business Growth
The strategic deployment of our managed services significantly propelled business growth. Leveraging diverse skill sets, the firm secured larger contracts and ventured into new service domains. The 15% improvement in profit margins on existing client work not only boosted revenue but also enhanced the firm’s versatility and capabilities.
Elevated Work-Life Balance
The allocation of tasks to our dedicated managed services team led to increased job satisfaction among local staff, resulting in a 25% reduction in overtime during peak seasons. This improved work-life balance contributed to talent retention and fostered a more motivated workforce.
Conclusion
alliantTalent’s managed services has fundamentally transformed the CPA firm’s operational dynamics and market positioning. By embracing our innovative approach, the firm achieved substantial cost reductions, improved profit margins, and significantly expanded its client work capacity. Our ability to provide a dedicated team of high-caliber professionals across various specializations not only enhanced service quality but also enabled the firm to offer more comprehensive and competitive services.
