LEXINGTON, Ky. (Aug. 30, 2016) – Dean Dorton Allen Ford, PLLC, a leading accounting and business consulting firm based in Kentucky, announced a new service line, Dean Dorton accounting and financial outsourcing (Dean Dorton AFO) for back office and accounting solutions.
Dean Dorton recognizes the increase in demand for collaborative cloud-based applications for both business executives and their teams in order to provide financial data more efficiently and effectively. Dean Dorton is one of the first accounting firms in Kentucky to offer a cutting-edge, scalable mobile accounting solution.
Going further, faster is the goal, allowing businesses to automate their core financials and most important processes, mitigating turnover in accounting staff, ambiguous financials, inefficient processes, and constantly outgrowing systems resulting in technology upgrade costs. Through these new technological advancements the Dean Dorton AFO team can offer assistance in:
Basic transaction processing
• Accounts payable, employee expense reports, billing and receivables, payroll, deposits, bank reconciliations, and other accounting processes
• Controller level resource responsible for working hand-in-hand with your staff, managing bills to be paid and invoices to be collected, project accounting, time and expense management, contract revenue management, contract and subscription billing, and sales and use tax
Outsourced CFO services
• Interpret financial information, profitability analysis, budgeting, cash flow forecasts, business planning, banking relationships, and adapting business processes to changes in the business
This innovative approach – offering outsourcing services to companies that don’t want the distraction or costs of running an accounting department, as well as offering selection, design and implementation services for companies with established finance departments – is expected to significantly accelerate client’s growth and enable them to fully utilize real-time financial data online from their office or on-the-go via an app.
“Organizations of all sizes must adapt and innovate. This includes adopting more robust financial management systems that enable them to better monitor their performance on an ongoing basis so they can react effectively to rapidly changing market dynamics,” said Jason Miller, Director of Business Consulting Services at Dean Dorton. “Fortunately, for an affordable fixed monthly fee, Dean Dorton AFO offers the next generation of financial management solutions and expertise delivered via the cloud, enabling a growing number of businesses of all sizes to respond to these challenges.”
Dean Dorton clients will benefit from the web-based dashboards, reporting, and business intelligence capabilities built into the accounting software system. The system provides a powerful set of analytics and reporting tools that empower users with real-time, accurate, and consistent visibility into financial and operational data. The ability to run financial reports by dimensions, such as by customer, by vendor, by project or by fund is particularly important to their clients. The capabilities are endless and are easily customized to each client, providing a scalable solution for companies, from small businesses to public companies and multi-national organizations.