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Blog post from January 5th, 2022

Continue to advance digitalization in 2022

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Digitalization in tax consulting firms continued to gain momentum last year. This is proven by DATEV as an IT partner for tax consultants current digitalization index for tax advice. At the same time, she points out that the digitalization push should not remain a one-off phenomenon.

The reason for this was the pandemic, in which the law firms had to remain able to work under difficult conditions. “In this way, they were able to fulfill their role as a particularly important partner for their clients, especially during the crisis,” says DATEV CEO Dr. Robert Mayr together. In addition, clients are increasingly demanding digital processes. 21 percent of the small law firms surveyed said this (+3 points), and even 26 percent of the medium-sized law firms (+6 points). Only in large law firms did this share fall by one point to 19 percent, which is probably due to the fact that they have already largely established digital processes.

Overcome challenges with digital processes

It has actually been shown how valuable digital processes and working methods are in today's society. This not only affects the ability to maintain law firm business from the home office, but also the opportunities to work more efficiently and significantly reduce the amount of paper. “When it comes to data input, small law firms have reduced the amount of paper from 55 to 51 percent and are increasingly relying on 'direct digital',” says DATEV. Overall, 82 percent of law firms stated that digitalization had a “strong” or “very strong influence” on the future business model. The proportion has increased particularly among medium-sized law firms (from 29 to 38 percent).

Most law firms are actively promoting digitalization. This is an excellent plan for the new year to address further challenges facing the industry. Above all, this includes the shortage of skilled workers. Law firms that increasingly rely on digital processes can deal with this effectively. Because if all documents are available digitally and are further processed using professional solutions and appropriate workflows, law firms gain transparency.

Time-consuming research for documents, which often involves time-consuming queries to colleagues and clients when working analogue, is a thing of the past. Employees can focus on booking and handle more cases in less time. Last but not least, tax advisors find more time for their core business, providing advice. Ultimately, this benefits the clients who feel better served and are more satisfied.

Realization in just a few steps

This can be easily implemented with our digital invoice management solution GetMyInvoices. Once set up, the first step is to import the clients' documents from a wide range of sources. All documents are then stored in the GoBD-compliant document archive with a search function and can be transferred via interfaces to all market-relevant accounting systems, including sevDesk and lexoffice, as well as to tax advisor solutions.

The employees in the law firm have immediate access to all documents and can clearly manage the data of numerous clients. Digital collaboration with clients can be carried out via different models realize.

Another plus point: With our digital expert seal, you show your clients that digitalization is more than just a buzzword for you.

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Digital experts

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