Cloud Accountancy Services - Soulsound Case Study
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Competitive advantage: control & efficiency “ I immediately felt more comfortable because he was asking questions no-one had asked me before, and seemed to be much more aware of compliance and regulations. ” Our Client Based in London, Soulsound are a growing organisation at the forefront of the live sound engineering industry and comprise several different companies. The agency business provides live sound engineers for festivals and events, touring rock bands and a wide range of corporate clients. While a joint venture handles installation projects for venues across the capital, the newest business is an online resource centre catering to the needs of established engineers and students alike. Running three separate businesses keeps managing director Darryn De La Soul extremely busy so it is vital that the administrative side of the business is runs smoothly. With a growing operation to manage the Excel based system was clearly no longer up to the task so change was clearly required. More importantly, Darryn did not feel well supported by her existing accountants. She was searching for a service she could trust to put her needs centre stage. “ I was looking for someone who would take a genuine interest in my business, and I found this with Hooper Financial ” We completed an assessment of the needs of the three separate businesses comprising Soulsound and also spent plenty of time getting to know and understand Darryn and how she likes to work. We then tailored our proposal to provide appropriate support at a suitable price point for each company. Approach The agency business has a high volume of transactions so there was a clear opportunity to improve the efficiency of the day to day business. We migrated onto the Xero cloud accounting platform as a central hub for business workflows. The software is web-based so it is extremely quick to setup and can all be be done remotely. With Soulsound based in London and our office in Chester tools like Xero and Skype make this approach very easy. In fact we spend more time face to face because it is much easier for many clients to dial up a Skype video call than it is to take time out of the office and make a dedicated journey to visit in person. Client Needs Case Study CLOUD ACCOUNTANCY SERVICES Page 1 / 2 power in numbers
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Transcript of Cloud Accountancy Services - Soulsound Case Study
Competitive advantage: control & efficiency
“ I immediately felt more comfortable because he was asking questions no-one had asked me before, and seemed
to be much more aware of compliance and regulations. ”
Our ClientBased in London, Soulsound are a growing organisation at the forefront of the live sound engineering industry and comprise several different companies. The agency business provides live sound engineers for festivals and events, touring rock bands and a wide range of corporate clients. While a joint venture handles installation projects for venues across the capital, the newest business is an online resource centre catering to the needs of established engineers and students alike.
Running three separate businesses keeps managing director Darryn De La Soul extremely busy so it is vital that the administrative side of the business is runs smoothly. With a growing operation to manage the Excel based system was clearly no longer up to the task so change was clearly required. More importantly, Darryn did not feel well supported by her existing accountants. She was searching for a service she could trust to put her needs centre stage.
“ I was looking for someone who would take a genuine interest in my business, and I found this
with Hooper Financial ”
We completed an assessment of the needs of the three separate businesses comprising Soulsound and also spent plenty of time getting to know and understand Darryn and how she likes to work. We then tailored our proposal to provide appropriate support at a suitable price point for each company.
Approach
The agency business has a high volume of transactions so there was a clear opportunity to improve the efficiency of the day to day business. We migrated onto the Xero cloud accounting platform as a central hub for business workflows. The software is web-based so it is extremely quick to setup and can all be be done remotely. With Soulsound based in London and our office in Chester tools like Xero and Skype make this approach very easy. In fact we spend more time face to face because it is much easier for many clients to dial up a Skype video call than it is to take time out of the office and make a dedicated journey to visit in person.
Client Needs
Case StudyCLOUD ACCOUNTANCY SERVICES
Page 1 / 2
power in numbers
Page 2 / 2
“ He also introduced me to Xero which has proved to be very easy to adapt to, and eradicates the margin for error that was so high on my previous spreadsheet-based system. ”
Outcomes
Because Xero makes it so easy to keep the accounts up to date it opens up a huge selection of financial reports. These help Darryn keep a close eye on the performance of her business so she can take immediate action to address any areas that require attention. As her accountants, we can log into the same system and help the team at Soulsound resolve queries with real agility and speed.
As management accountants we help our clients with a much wider range of challenges such as accessing finance, developing business plans and helping clients analyse and forecast the performance of their business. Xero helps us serve our clients better because it makes everyday accounting so much simpler, so we can dedicate our energy to moving your business forwards and towards your goals.
If you would like to talk to us about our innovative approach to accountancy services please contactChris Hooper (t) 01244 470 478 or (e) [email protected]
Hooper FinancialChartered Management Accountants
5 Delves WalkChester
CH3 5XG(t) 01244 470 478
Through migrating both the agency and online businesses onto Xero Darryn now has a level of visibility into her operation that was simply impossible before. It has increased the control of payments going out of the business and makes it very easy to send statements to customers who are in arrears. With a range of ‘Add Ons’ available through the Xero eco system, linking to eCommerce tools for the online business is also a significant advantage.
@askhooper
“ I highly recommend the services of Hooper Financial. I am confident that my affairs are in order, and it is a wonderful change to have an accountant who not only cares about my finances, but
is also genuinely interested in seeing my business succeed. ”
Case StudyCLOUD ACCOUNTANCY SERVICES
power in numbers
