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The value of specialized IT services for accounting firms

Jul. 07, 2021 IT Support for Business

Learn about the benefits of partnering with a trusted managed IT service provider for your accounting firm.


Accounting firms are a top target for cyber criminals because of their access to sensitive financial information. 

Since 2014, reported data breaches of CPA firms have increased by over 80%, and since 2018, the portion of breaches that include ransomware or extortion has risen to over 40%. [1] 

Increasing security measures has become a necessity to the success of any business.

This is especially true for accounting firms, which is one of the many reasons why they need specialized IT services to keep their business and their clients safe.

Continue reading to learn more about the benefits of having specialized IT services for your accounting firm. 


Implement practices that will increase your billable hours

Your time is valuable, and every hour spent attempting to fix an IT issue is an hour spent not focusing on your business.

Remember—you and your team are accountants, not IT experts. Partnering with a specialized IT team will help reduce the time you spend trying to resolve IT distractions yourself, and increase the time you and your team spend doing your actual job.

Your IT team should provide you with a Service Level Agreement (SLA) that will lay out how efficiently they will work to resolve your technology issues. They should provide IT support that is proactive and responsive, resulting in less technology issues for you and your employees. 

Ultimately, this will increase your billable hours because you and your employees will be focusing on what you do best—being CPAs, accountants and bookkeepers.


Reduce daily technology interferences 

Calling your IT help desk every day for the same issue can be frustrating—and take up too much of your valuable time. Working with the right IT partner that is proactive means they will find the root of the issue and help you solve it for good, ultimately increasing employee productivity. 

Your IT service provider will keep you current with technology updates, focus on cyber security and get ahead of any roadblocks you may face. When there is an issue, the right IT partner will support you with a 24/7 help desk and experienced support—or you may be able to contract one of their technicians to work with you in-house to support your IT manager.


Learn more:

How to: Educate your employees on online security best practices


Secure your network

IT security is crucial for any business, but especially accounting firms that handle sensitive information daily, and especially now in the wake of increased cyber attacks.

When your network security vulnerabilities are exploited, it can cause not only data loss and downtime, but it can also pose legal issues too. For example, your client may sue the firm for failing to keep their sensitive information safe.  

Managed IT services, disaster recovery, network design and administration, and business continuity are just a few of the specialized IT services for accounting firms that an IT partner can provide that are vital to keeping your network secure. 

Plus, the right IT service provider will understand that one of the best ways to keep your network secure is by staying up-to-date with the most recent technology updates for your business.


Learn more:

Ransomware is on the rise! Is your business ready?


Protect confidential information

When you partner with an experienced team of IT professionals, they’ll begin by conducting an audit of your systems to identify any potential vulnerabilities and make any necessary improvements. These improvements will effectively work to prevent external cyber threats from happening before they cause any harm. 

Why is this important? Because by identifying potential vulnerabilities and making necessary improvements, your IT partner will be ensuring that your client’s financial information stays confidential, which is crucial to maintaining your reputation. 

In addition to making necessary improvements, your specialized IT team should also provide you and your employees with best practices and tips to protect your confidential information should a data breach occur.


In conclusion

Accounting firms are only as good as the systems and the people that support them. At NeverBlue IT, our focus is on supporting you in doing your job better than ever with our comprehensive range of IT solutions. 

We’ll handle the technology so you can focus on the finances, your customers and your business goals


Contact us today to get started!


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1: The Tax Advisor | Cybersecurity: An urgent priority for CPA firms



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