The latest Practice Gateway features you should know about
In today's fast-paced digital world, the accounting industry is embracing innovative software solutions to streamline processes, enhance collaboration, and provide exceptional client experiences. One such solution that has been making waves in the industry is Practice Gateway. Designed for accountants, Practice Gateway serves as a digital front door, revolutionizing the way clients interact with their accountants.
In this blog post, we explore the latest Practice Gateway features in June, that are transforming the accounting landscape.
Practice Gateway takes a step further in simplifying workflow by integrating with Intapp, a leading document management software suite for professional services firms. This integration allows seamless data transfer between platforms, eliminating the need for manual data entry and ensuring accurate and up-to-date information across systems.
Tax Info Request Form:
As part of the Alpha Tax integration, Practice Gateway now offers a tax info request form specifically designed for corporate tax. The form is divided into five sections, dynamically displaying or hiding details based on the specific requirements. Additionally, both advisors and clients can add notes, facilitating effective communication and ensuring all necessary information is captured accurately.
Complete US Tax:
For personal tax clients with US tax obligations, Practice Gateway provides a dedicated feature for completing US tax return forms. Recognizing the differences between US and UK tax returns, this functionality streamlines the preparation process and ensures compliance with the intricate US tax regulations.
Practice Gateway understands the importance of collaboration within accounting firms, especially for departments like Research and Development (R&D) that continuously update data. With the document collaboration feature, clicking on a document opens it within the practice's SharePoint location. This integration facilitates real-time collaboration, allowing teams to work together seamlessly on shared documents, resulting in improved efficiency and accuracy.
Recognizing the need for varying levels of document access, Practice Gateway offers robust document security features. Permissions can be customized based on department requirements, ensuring that sensitive financial information remains accessible only to authorized personnel. This feature provides peace of mind and enhances data protection in an increasingly digital environment.
To simplify the document signing process, Practice Gateway incorporates a digital signature feature. When sending documents that require a visible signature, the accounts team can select the "sign document" option within the approvals section. The system then digitally signs the document in the background, saving time and eliminating the need for manual signatures.
Practice Gateway takes data security seriously and understands the need for secure communication channels. The KYC (Know Your Customer) secure messaging feature allows accountants and clients to exchange confidential information without compromising security. Similar to chat functionality, this feature ensures that sensitive information is communicated securely, eliminating the risks associated with traditional email communication. Clients have the flexibility to enable or disable this feature based on their preferences.
Practice Gateway is leading the way in providing accountants and their clients with a powerful, intuitive, and secure platform for collaboration. With its array of advanced features, such as Intapp integration, tax info request forms, complete US tax functionality, document collaboration, document security, document signing, and KYC secure messaging, Practice Gateway is continuously evolving. By embracing this cutting-edge software solution, accountants can overcome some of the common challenges, and reduce friction of requesting information and manual data entry tasks.