BDO NZ launches world-first real-time advisory service

BDO NZ launches world-first real-time advisory service

BDO New Zealand is launching a world-first ‘real-time’ business advisory service with a nationwide roll-out of Xero add-on CrunchBoards.

Developed by two United Kingdom business owners, CrunchBoards is the first software to enable dynamic data display, design, sharing and manipulation. It spread across 46 countries within six months of its launch.

“This is a game-changer, the world’s first real-time business planning engine that marks the shift from traditional spreadsheets and generic, static dashboards to dynamic financial intelligence,” says BDO Advisory Head Adam Davy.

“It’s a totally new way for our advisers and business owners to collaborate and explore not just what is possible, but how fast we can get them there and then automatically helps them track their progress.

“Effectively, business owners get to understand exactly how their business is performing today and against targets without working offline, risking data errors or struggling to navigate the information.”

From March, BDO, as the biggest user of Xero in New Zealand and with the largest base of small to mid-market clients, will be rolling out CrunchBoards across its 16 locations nationwide.

CrunchBoards co-founder Amy Harris says New Zealand is a core market that’s leading change in the accountant and client relationship model, breaking down traditional ‘once a year or quarter’ touch points.

“This is thanks to Xero’s cloud platform and to firms like BDO who are eager to connect with their clients and take their personal experience to another level.

“Accounting software is critical but it is only one part of running your business. Data driven decisions have to be made daily but the problem is getting that information.

“Xero is driving time saving efficiencies in compliance. This is the major opportunity to grow the economy by investing this time into more fact-based, real-time, detailed support for business owners.”

BDO’s Adam Davy says he expects BDO offices worldwide to follow suit with implementation of Xero and CrunchBoards.

BDO has also signed up with local company Montoux to produce benchmarking reports based on Statistics NZ tax return data for its clients.

“This is really just another example of us starting the advisory conversation with our clients for little extra cost, but with significant potential value,” says Davy.

ENDS

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