Value adding software tools include modules on budgeting, scenario planning, business planning, valuations, profit improvement, tax planning, risk management, etc. There are an almost endless number of modules that can be purchased by a practice.
Practice management software tools are used to record and manage the clients, staff members and workflow. They are normally based around a job costing or time management system to basically record staff time on jobs and ensure it is billed to clients.
Information searching software tools are a one-stop online portal providing speedy access to a wide range of valuable industry resources, tools and data including up-to-the-minute taxation information, legislation changes, industry expertise, interactive calculation tools and training models.
Marketing software tools automatically sends your clients a monthly content marketing newsletter including a video, article and case study. The newsletter is branded for your practice, educates your clients, and can generate extra fee income. A practice can prepare the monthly newsletter itself and distribute it using Mail Chimp or an equivalent. Alternatively, a practice may find it much easier to just purchase and brand a generic client newsletter (there are many providers to choose from).