Twinfield offers accounting firm the visibility and flexibility required to become business advisers to worldwide clients, offering a more future-oriented service
London-based Ecovis Wingrave Yeats Accountants has partnered with Twinfield UK (a Wolters Kluwer business), the leading supplier of online accounting in Europe, to offer cloud accountancy services to its overseas clients. Through Twinfield, Ecovis Wingrave Yeats will be able to offer a more enhanced and interactive accounting and business advice service to its clients who are located worldwide including the United States, Germany and New Zealand, taking on the role as their ‘virtual FD’ as they look to set up business operations in the UK.
In addition to being a cost-effective option for businesses, with a pay as you go model, Twinfield allows Ecovis Wingrave Yeats real-time access to client information, enabling continuous review and immediate remediation of problems. This real-time accountancy process delivers a number of key benefits.
Gerry Collins, Partner of Ecovis Wingrave Yeats, explains, “Twinfield is the most comprehensive online accounting service that we’ve come across which provides benefits to both us and our clients at any time and in any location. Working internationally, Twinfield solves the whole issue of time difference for us and the solution offers a very attractive prospect to our clients in working with us.” He continues, “Twinfield’s experience of working with accounting practices in Holland and abroad has been invaluable to us as they have invested a great deal of time into addressing the many potential requirements and problems that may arise in international accounting. We’ve built a strong working relationship and it’s really felt like a team effort.”
As well as changing the traditional engagement model between accounting practice and client, Twinfield was chosen by Ecovis Wingrave Yeats to allow the firm to streamline its business processes whilst offering a comprehensive and more collaborative service.
Gerry Collins continues, “The implementation of Twinfield allows us to offer a more engaged business advisory service and to take on the role of clients’ ‘Virtual FD’. We’re not a ‘traditional’ accountancy practice in our offering and Twinfield’s technology allows us to keep ahead of the global market. The team has offered some really useful insight into how we can provide a more advanced service to our clients, which will be truly valuable moving forward.”
Twinfield is the market leader in online accounting across Europe with more than 80,000 financial accounts being compiled in more than 22 countries. Barbara Kroll, Managing Director of Twinfield UK, said, “The accountancy profession is undoubtedly changing and there is now a real opportunity for accounting practices to take control, evolve beyond book-keeping and utilise existing expertise to create and deliver an end-to-end service portfolio.”