REWARD
why accounting professionals must modernise payments to stay ahead
“If you’re ready to eliminate inefficiences, expand your service offerings and position yourself as a strategic financial advisor, now is the time to act”
administrative burdens. This time could instead be spent on more strategic, revenue-generating advisory work. In fact, 40% of firms identify significant upselling opportunities when they expand their payment-related services – showing that modernising payments isn’t just about efficiency; it’s a pathway to business growth. Modern payment platforms like Modulr are enabling accounting professionals to make this transition seamlessly. By adopting automated, integrated payment solutions, firms can reduce the friction in payroll and accounts payable (AP) processes while offering more comprehensive financial management to clients. By using faster payments instead of Bacs, you would also be able to keep money in your clients’ accounts for longer, improving cash flow. How accounting professionals can evolve and stay competitive Clients expect seamless payroll execution, real-time financial insights and the ability to make fast, informed decisions based
on accurate data. Those who fail to meet these expectations risk being left behind. The firms that embrace modern payment technology are already seeing the benefits. Pixie Payroll has reduced client administration by 24 days annually and cut payment fees. Accountability Edinburgh’s Payroll Manager, Michelle Heller has cut payroll processing time by 90% for their clients. Modernising payments allows firms to eliminate operational bottlenecks, improve client satisfaction and unlock new revenue streams by offering services such as integrated payroll, treasury management and cash flow forecasting. By using solutions like Modulr, accounting professionals can take control of payment processes in a way which enhances their advisory role rather than burdening them with administrative work. The key advantages include: l automation of payroll and AP, freeing up time for strategic work l seamless integration with accounting and payroll platforms like Xero, Sage and
BrightPay, ensuring real-time tracking and transparency l scalability which supports business growth without adding administrative complexity l enhanced compliance and security, ensuring payroll, supplier and payments to HM Revenue and Customs are handled with full transparency and control. Take the next step: transform payroll with smarter payments The future of payroll is about more than just getting people paid on time. It’s about delivering financial insight, streamlining business operations and helping clients manage their cash flow with confidence. The demand for fractional CFO services is only growing, and accounting professionals who modernise their payments infrastructure will be at the forefront of this transformation. If you’re ready to eliminate inefficiencies, expand your service offerings and position yourself as a strategic financial advisor, now is the time to act. Our latest whitepaper, The Fractional CFO Playbook , dives deeper into how accounting professionals can leverage modern payment solutions to unlock new opportunities and future-proof their services. o You can view the whitepaper here: https://ow.ly/Tnmw50Vf0Mu , or visit Modulr's website here: https://ow.ly/ jhMm50Vf0Qm .
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| Professional in Payroll, Pensions and Reward |
Issue 109 | April 2025
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