Fieldguide Launches End-to-End Analytics Solution ‘Fieldguide Insights’ To Accelerate CPA Firm Decision-Making
April 30 2024 - 2:30PM
Fieldguide, the only AI platform for advisory and audit services,
today announced Fieldguide Insights, the first end-to-end analytics
offering for CPA and consulting firm leaders, improving engagement
efficiency, resource utilization, and client relations. With the
industry-wide talent shortage, firms are seeking to be smarter and
more vigilant with their engagements, resources, and client
metrics. As the industry’s only integrated solution, Fieldguide
offers firm leaders a comprehensive view of where they should focus
to improve their business.
Fieldguide Insights contains dashboards and reports
that bring actionable information to help a firm grow their
business, such as personalized recommendations for saving time on
engagements, insight into where team members are spending the most
time across engagements, and intelligence on client interactions
that are potentially causing issues.
Angela Haasch, Principal at Wipfli, stated: “We
have greatly leveraged the valuable information we gained with
Fieldguide Insights. In our monthly leadership call, we are able to
use the data from Fieldguide Insights to share with our team and
identify specific actions they can take that could save us hundreds
of hours per year. Fieldguide provides us with data on what we
could gain, and also the supporting detail on our current state to
know which engagement teams we need to focus our attention on.”
With the end-to-end analytics provided in
Fieldguide Insights, firms can view concrete and quantitative
analytics for key metrics across their business, including:
- Time Savings Insights: Time Savings
shows how much time firms are saving across different phases of
their engagements - from planning to reporting and closing. It also
provides personal recommendations on how firms can save additional
time. For example, more broadly automating requests and evidence
collection can save an additional 10 - 15 hours per
engagement.
- Practice Insights: Practice Insights
highlights client responsiveness to requests, specifically showing
what client interactions are causing multiple review cycles or
project delays. For example, practice leaders can quickly see which
types of client requests tend to have multiple review cycles, and
then implement changes to ensure there is less confusion or need
for additional clarification on those requests. Practice Insights
also provides overall visibility into the number, mix, and growth
trends for all engagements. Early visibility into trends can help
practice leaders make more informed resourcing decisions.
- Time Tracking Insights: Time Tracking
Insights provides detailed information on how team members are
spending their time on activities and engagements, so practices can
determine which areas are consuming too much of their time.
Jin Chang, CEO and cofounder of Fieldguide, stated:
“Fieldguide Insights is our latest innovation that empowers
advisory and audit firms with industry-first insights across the
entire engagement lifecycle, designed to help CPA firms overcome
the industry talent shortage and grow their business. With
Fieldguide Insights, we're committed to shaping the future of CPA
and consulting firms."
Fieldguide Insights is available today on the
Fieldguide AI Platform for audit and advisory firms. To see
Fieldguide in action and to learn more about Fieldguide Insights,
watch the online product tour.
About FieldguideBuilt by and for
practitioners, Fieldguide is the leading AI platform for advisory
and audit services, streamlining the entire engagement lifecycle
for firms and their clients. Their AI-powered, cloud-based software
helps firms take advantage of the increasing demand for advisory
and audit services by addressing the challenges of scarce talent,
remote collaboration, and more sophisticated clients.
Fieldguide provides end-to-end visibility across
most advisory and audit engagements, including risk and
cybersecurity, privacy, payment card compliance, regulatory
compliance, SOC audits, HITRUST, and more. Top 100 and innovative
firms like CBIZ, Wipfli, Mazars, and Aprio trust Fieldguide to
increase revenue, boost client satisfaction, and improve
profits.
Fieldguide has been recognized by AccountingToday
and CPA Practice Advisor, receiving the AccountingToday Top New
Products Award and the CPA Practice Advisor Technology Innovation
Award in 2021, 2022, and 2023. Fieldguide CEO, Jin Chang, was also
named one of CPA Practice Advisor’s 20 Under 40 Most Influential
People in Accounting in 2022 and 2023. The company is backed by top
investment firms, including Bessemer Venture Partners, 8VC, Y
Combinator, and Floodgate.
Media ContactAngela
Goldbergangela@fieldguide.io678.733.4225