Auditing firms are of varying size and typically a small or medium size firm may have 2 to 3 people as Directors or Owners with a staff of 3 to 10 people. These firms provide Professional Services to their clients and most importantly, they ensure these services meet the Regulatory & Compliance obligations of their clients. CodimBizz solution enables capturing of the required documents and organize them against their respective cases (for clients) for just-in-time (JIT) references.
Some typical professional services provided by Auditing firms can be below, not limited though.
- Registration of Business Registration
- Modification of Business Registration
- Renewal of Business Registration
- Tax Audit & Filing for Business or Individuals
- Remittance Inbound / Outbound Services
Thus an Auditing firm as an example may have 2 Directors, 6 Staff servicing 100+ clients with the above mentioned professional services can leverage CodimBizz to manage the below business process
Manage Client data | Using Client management module KYC details & documents about the client can be stored in the Documents section. Further past records with the Auditing firm or earlier Auditing firm of the client may be stored (in the Records section).
Manage Cases | This refers to the type of Professional Services that has defined set of steps to be performed by staff when delivering the committed Professional Services. These suite of Professional Services and their associated Task breakdown may be stored as Task Templates by The Domain Admin who has permissions for the same. Once defined, it can be used to be assigned as a default set of Tasks when providing Services to clients. A Service is referred as Case in CodimBizz. Cases can be assigned to operational staff by Domain Managers (who are either Director or Owner or Manager) by cloning the Task Template and then modifying if there is a need to do so. Once the Case is created it becomes available for the Domain Internal User to provide updates against the tasks of a case as part of Executing the case. They can provide Text & Document updates against the task performed as part of the Case. Once a case is fully completed, select Documents pertaining to the execution of Case may be uploaded to ‘Records’ as part of client KYC details.
Note 1 – All tasks do not require Review and this can be flagged in the Task Template.
Note 2 – An auditing firm may have some Cases repeating regularly. In such cases the Scheduler functionality of CodimBizz enables the automatic creation of the Case using a respective Task Template. Once scheduled, the Domain Manager can then assign it to a suitable Operational staff for execution.
Manage Settlement | An Auditing firm may have defined payment windows with their client. For some it may be Monthly / Periodically or Adhoc. CodimBizz supports generating of Invoice for the cases selected and added to the respective Invoice. Tax commitments of the Auditing firm can also to be incorporated as mandated by Law.
Watch the video to know more
