CPA_Practice_Advisor_April_2020 - 26

FEATURE
WINNER: Drake Accounting (25.3%)
RUNNERS UP:
* eFile4Biz (9.1%)
* Thomson Reuters Accounting CS Payroll Compliance (8.3%)
* AMS 1099-ETC (8%)
* Track 1099 (8%)
* W2/1099 (Wolters Kluwer ATX and TaxWise) (6.1%)
* EagleView (5.8%)
* 1099 Pro (5.5%)
* Greatland/Yearli (5.5%)
* Tenenz (4.3%)
* W2 Mate (Real Business Solutions) (3.9%)
* Payroll Compliance Reporting Wolters Kluwer (3.5%)
* AccountantsWorld ATF Payroll (2.5%)
* EG Systems (1.1%)
* Others (3.1 %)

TIME & BILLING

INSIGHT: Managing time for firm staff and projects
is critical for firm efficiency, with the end product of
invoicing helping ensure steady revenue flow. Effective time management is essential whether firms
bill by the hour for some projects or are strictly on
a value billing method.

WINNER: Intuit Payments (43.5%)
RUNNERS UP:
* Sage Payments (2.7%)
* PayPal (18.1%)
* Bill & Pay (2.3%)
* Bill.com (15%)
* FreshBooks (1.6%)
* Xero (7.5%)
* CollBox (1.6%)
* ReceiptBank (4.6%)
* Zoho Books (0.4%)
* Invoiced (2.7%)

CLIENT PORTALS

INSIGHT: Please don't send client invoices by email,
as it's insecure and you could be breaking your
state's privacy laws and face fines. Client portals
make sharing data with clients easier, and make it
easier for them to submit documents to the firm.
WINNER: Drake Software SecureFilePro.com
(35.5%)
RUNNERS UP:
* Citrix ShareFile (12.4%)
* eFileCabinet SecureDrawer (9.7%)
* Thomson Reuters NetClient CS Portals or Onvio (7.4%)
* SmartVault (6.6%)
* ClientWhys/TaxBuzz.com (6.4 %)
* Wolters Kluwer CCH Axcess Portal/ProSystem fx / iFirm
(5.5 %)
* Canopy Tax (4%)
* CPASiteSolutions (4%)
* cPaperless SafeSend Returns (3.4%)
* OfficeTools from AbacusNext (2.1%)
* AccountantsWorld CyberCabinet (1.3%)
* Other (1.7%)

DOCUMENT MANAGEMENT
& DOCUMENT STORAGE

PRACTICE MANAGEMENT

INSIGHT: We define practice management as those
with more extensive functions for managing firm
productivity and workflow management, automation of tasks, and record maintenance.
WINNER: Thomson Reuters Practice CS (27.9%)
RUNNERS UP:
* Wolters Kluwer CCH Axcess, iFirm or ProSystem fx Practice
(21.3%)
* ClientWhys/TaxBuzz.com (15.9%)
* Canopy Tax Practice Management (15.1%)
* Karbon Workflow Management (7.8%)
* TaxWorkFlow (4.7%)
* BQE Core or Core AI (2%)
* Other (5.3%)

ONLINE INVOICING/
BILL PAYMENT SOLUTIONS

INSIGHT: Stand-alone invoicing tools can help
firms with AR, while bill payment systems can help
streamline AP.

26

APRIL 2020 ■

INSIGHT: There is a wide range of systems in this
category, ranging from basic file folders, to advanced
programs that include client collaboration tools,
automatic archiving, retention functions and multiworker productivity features.
WINNER: Drake Document Manager (44.8%)
RUNNERS UP:
* Thomson Reuters FileCabinet CS/GoFileRoom (12.4%)
* eFileCabinet (10.8%)
* Intuit ProSeries & Lacerte DMS (10.3%)
* SmartVault Document Storage (6%)
* ClientWhys/TaxBuzz.com (4.1%)
* Wolters Kluwer CCH Axcess or ProSystem fx Document
(4%)
* OfficeTools WorkSpace by AbacusNext (2.8%)
* AccountantsWorld Cloud Cabinet (1.6%)
* Doc.IT - Doc.IT DM (1%)
* PaperlessPLUS (Wolters Kluwer) (1%)
* Other (1.2%)

OTHER DOCUMENT MANAGEMENT
TOOLS

INSIGHT: Document management also requires
special tools that sometimes work with the scanner
or work with the document management system
directly for functions including OCR.
WINNER: Fujitsu (41.1%)
RUNNERS UP:
* Nuance (7%)
* HP (19.3%)
* Kofax (4.1%)
* Canon (15%)
* ABBYY (3.5%)
* cPaperless Tic-TieCalculate (10%)

www.CPAPracticeAdvisor.com

COMPREHENSIVE FIRM WORKFLOW
SYSTEMS

INSIGHT: This category is divided into two groups:
Comprehensive Workflow, and Other Workflow
Tools, which are designed for aiding in specific tasks
and engagements and for smaller firms.

COMPREHENSIVE WORKFLOW
WINNER: Thomson Reuters Practice CS Project
Management (29.5%)
Runners Up:
* OfficeTools WorkSpace by AbacusNext (24.3%)
* Wolters Kluwer CCH Axcess or iFirm (17.8%)
* XCM Workflow (11.2%)
* TaxWorkFlow (9.5%)
* Pascal Workflow (5.3%)
* Autonomy iManage Workflow Manager (2.4%)

OTHER WORKFLOW TOOLS:
WINNER: GruntWorx (19.4%)
RUNNERS UP:
* eFileCabinet (12%)
* Intuit Tax Import or DMS for Lacerte and ProSeries (10.6%)
* Citrix ShareFile for Accountants (10.4%)
* Thomson Reuters GoFileRoom/Practice CS/Workpapers
CS (8.7%)
* Bill.com (7.6%)
* Canopy Tax (5.6%)
* Expensify (5.4%)
* SmartVault (4.7%)
* Wolters Kluwer CCH ProSystem fx Systems (4.5%)
* OfficeTools WorkSpace by AbacusNext (3.8%)
* SurePrep (2.4%)
* Karbon Workflow Management (2.4%)
* Doc.IT (1.1%)
* Other (1.4%)

WEBSITE BUILDERS & SERVICES FOR
ACCOUNTING FIRMS

INSIGHT: There are many tools out there that are
affordable and make it easy to create (and maintain)
a professional website for your firm.
WINNER: CPA Site Solutions from ProSites (16.6%)
Runners Up:
* GetNetSet (16%)
* Drake SiteDart Website Services (15.7%)
* CountingWorks/ClientWhys/TaxBuzz (14%)
* Thomson Reuters Web Builder CS (10%)
* AccountantsWorld Website Relief (7.1%)
* Tenenz AFSB or Integer (5.7%)
* Wolters Kluwer CCH ProSystem fx SiteBuilder (3.9%)
* Rootworks (3.7%)
* CPASites.com (3.3%)
* Build Your Firm (3%)
* Network Management Group (NMGI) WebCare (1%)

FAVORITE CPE PROVIDER

INSIGHT: Whether keeping up on the latest change
in tax, A&A, firm management or technology, earning CPE credit is mandatory for CPAs.
WINNER: State CPA Societies/Other Professional
Organizations (56.5%)
RUNNERS UP:
* AICPA (13.2%)
* CPA Practice Advisor (10.6%)
http://www.Bill.com http://www.SecureFilePro.com http://www.Bill.com http://www.CPASites.com http://www.CPAPracticeAdvisor.com
CPA_Practice_Advisor_April_2020

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