A Major International Group seeking a way through the iXBRL Maze

A Major International Group chose AdvanceTrack to help them through the iXBRL maze.

Rather than just tagging a set of accounts prepared in Word, this UK group (part of an international global building products group) wanted to deliver a long term solution to iXBRL compliance. Having adopted an accounting software product, this group considered whether to prepare accounts and iXBRL files in-house, decided to outsource the first year file preparation to AdvanceTrack®.

Having completed their due diligence, AdvanceTrack® were selected.  It was agreed that the accounts and iXBRL files would be completed for a small number of subsidiaries.  Once these were complete, the remaining 60 companies in the group were completed on time and on-budget. This is what the client had to say:

“Thank you for your help and your team’s hard work in assisting us meeting our deadlines. It has been greatly appreciated” .

AdvanceTrack® can deliver services on the main accountancy software packages including Caseware, CCH, Digita, Onesource, IRIS and Sage.

We also tag accounts prepared in Word and Excel.

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A two-office practice decided to outsource to reduce the workload for their staff. Staff were quick to realise outsourcing would help them carry out more added value work than pure compliance. The results have allowed the firm to reduce administrative burdens and carry out more exciting work with clients.
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Net profit increase of £150,000
A 15 partner regional practice needed to free up staff time during tax deadline season. We were selected to deliver 600 personal tax returns between May and January. This led to an increase in net profit by £150,000 and improved service delivery.
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Reducing the number of new staff required
After conducting a review of all the major outsourcers, we were selected by a top 50 firm to help provide additional capacity at certain times of the year. To do this, we helped provide a more process driven approach to exercises such as accounts production. This has helped them offer trainees and staff more interesting and challenging work as well as save the firm money on recruitment.
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Contact Details
Advancetrack®
University of Warwick Science Park
The Venture Centre
Sir William Lyons Road
Coventry
CV4 7EZ 

UK Tel: +44 (0) 24 7601 6308

Advancetrack®  
Level 10, 20 Martin Place Sydney, New South Wales
NSW 2000, Australia

Tel: +61 27 202 1478
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