Introduction

Finvisor has emerged as a premier outsourced accounting partner, focused on modern businesses seeking scalable financial solutions. With a focus on providing comprehensive services that evolve as their clients’ businesses grow, Finvisor offers a blend of accounting expertise and strategic financial insights.

Challenge

Finvisor was struggling with comprehensive visibility into close processes and status across their client portfolio in one system. Lack of visibility into the close impeded team and client expansion, hindered process enhancements, and added stress to meeting client deliverables. This challenge stemmed from fragmented documentation, isolated client information, offline collaboration, and the manual upkeep of schedules, all of which compounded the issue.

The Finvisor team tried several project management tools to manage close tasks and found that they lacked the ability to effectively reflect the accounting work to be done or add efficiencies to processes.

Solution

Finvisor adopted Avise as their go-to solution. Avise enables the Finvisor team to centrally manage close processes across the client portfolio and significantly improve efficiencies across workflows. Avise’s 2-way integration with QBO has been especially valuable in allowing the team to bring the full close into one system, eliminating manual excel work and the need for other tools.

Avise empowers the Finvisor team with one-click access to a complete view of the GL, close activity, and work papers. The team is able to easily track the status of the client portfolio using the Avise dashboard, work with team members on individual clients using Avise task management, and add efficiencies using Avise automation features.

Finvisor is a power user of Avise schedule automation. The Finvisor team has migrated thousands of lead sheets into Avise, enabling them to enhance visibility and streamline close processes.

Results

Finvisor adopted and rolled-out Avise across their teams and clients, replacing what had been countless hours spent tracking the close and maintaining schedules in Excel with Avise automation, allowing them to focus on more premium services for existing clients as well as adding new business. Specific value-adds include:

• Enhanced VisibilityReal-time insights into tasks and their progress empowers the team to swiftly address bottlenecks and optimize the financial close process

• EfficiencyGains Automating and streamlining processes significantly reduces the time and effort required for monthly tasks, allowing the team to allocate more time to strategic financial analysis

• Knowledge ContinuityCentralizing task descriptions and documentation ensures consistency despite staff changes

• Standardized WorkflowsSetting up recurring tasks with reconciliation and flux thresholds enables uniform and reliable client deliverables