Two days of great speaker sessions, one-to-one demonstrations and insightful Q&As. Not to mention the endless opportunities to make new connections and our legendary exclusive Capitalise super-yacht after-party.
With over 6,500 accountancy professionals and more than 200 suppliers showing off their latest innovations, there definitely was plenty to see. But with more-than-you-can-count talking sessions, you may have missed our Capitalise talks.
If you weren’t there or didn’t have time to listen in - here’s some of our stand-out takeaways.
1. Financing the economic recovery
Speaker panel: Paul Surtees, CEO of Capitalise and Glenn Collins, Head of Policy, Technical and Strategic Engagement at ACCA
Paul and Glenn kicked off our first speech of Accountex this year with a great session on how to finance the economic recovery. Discussing how you can best prepare your clients for changes in the macro-market.
They explained that the business landscape is constantly changing. Yet, businesses often wait around, feeling confused and overwhelmed. As their go-to adviser, Paul and Glenn suggest looking at the market from a small business perspective. Helping your clients to think ahead and work with them to navigate their options, early.
"We need to act now” - Paul Surtees, CEO.
Paul mentioned that businesses are worried about supply chain issues, rising fuel prices, staff shortages, currency impacts and energy prices. Yet, although they have these concerns they are slow to move - often sitting on cash and not planning finance or borrowing ahead. Paul states it’s “always wait and see”.
"We need to get small businesses into the space of ‘what’s coming next?” Although, these can be difficult conversations, you as their accountant, can have huge impacts on people's lives. By helping them wake up to issues and act accordingly, you’ll see the difference you can make.
A major area Paul and Glenn explored was credit scores and the importance of helping businesses focus and improve their ratings for healthy business growth. “Very few businesses know their own credit rating” says Glenn Collins, ACCA.
Good credit control and good internal working capital is key. As your clients trusted adviser, you can dive into their credit profiles, explore risk factors and help them through the process of credit improvement.
Using Capitalise, we give you the tools to do this. With Capital Reports at your fingertips, powered by Experian data, you get easy access to your client credit profile, payment performance and credit risks. As well as notifications and alerts of CCJs, credit increases and decreases.
The aim is to help you humanise the numbers for your clients, to help them better prepare for the future.
Paul states “it’s a record year for new SMEs.” We want to help you get the tools you need to best support your clients, and build out your firm this year.
