Four ways to build a fighting fit practice in FY23

And despite some persistent challenges – such as hiring staff and rapid regulatory changes – this evolution has also brought about countless chances to grow, connect and innovate. The report revealed that adopting technology has had a positive impact for 94 percent of advisors, with the top benefits including time savings, increased efficiency, and improved client relationships. If you use Xero Practice Manager (XPM), you can sync the two systems to set targets and automatically measure key performance indicators (KPIs) against jobs. Speaking of productive working environments, managing multiple tasks and client relationships can be a real juggling act (especially at peak times like tax season). The app consolidates real-time data from other systems (such as Xero, XPM and WorkflowMax) to produce easy-to-read graphs and insights on profit, productivity and cash flow.