Case Study: The benefits of MyWorkpapers

MyWorkpapers is cloud-based working papers software that helps accountancy practices standardise workflows, reduce time spent per job, and improve collaboration across teams. For firms like Moore Thompson Chartered Accountants, switching to MyWorkpapers delivered time savings of between 30 minutes and an hour per job, freeing up capacity for higher-value advisory work.

In the fast-changing world of accountancy, firms are constantly seeking smarter ways to keep up with evolving legislation and rising client expectations. Moore Thompson Chartered Accountants identified MyWorkpapers as a key solution in their journey toward a more efficient and modern way of working.

The firm sought a solution to standardise their operations, provide a structured working environment for their dispersed team and meet the demands of clients in a timely manner. This case study explores how Moore Thompson used MyWorkPapers to enhance productivity, standardise workflows, and deliver superior client services.

What Moore Thompson Needed

Moore Thompson needed a working papers solution to several challenges, including:

a growing number of employees across different offices
the need for workflow standardisation
increasing client expectations for timely services

Traditional methods were becoming stretched, and as a result, profit margins were slimmer.

The firm explored various software solutions for working papers, finding MyWorkPapers’ to be uniquely aligned with the firm’s goals. Its user-friendly interface stood out against alternatives, marking the start of a transformative journey for Moore Thompson.

What Are The Benefits of MyWorkpapers?

The benefits of MyWorkpapers for practices like Moore Thompson include:

Uniting client information
Efficient workflows
Improved document management

Moore Thompson found the standout feature of MyWorkpapers to be its roll forward function which allows staff to carry forward aspects year after year and save significant time.

MyWorkpapers’ structured review process enables managers at Moore Thompson to support their team by collaborating on the same file simultaneously. That means they can respond to any questions from team members quickly, unlike the slow paper file process.

In total, features provided by MyWorkpapers resulted in the firm reporting a time saving of between half an hour to an hour per job.

The Impact of MyWorkpapers

The impact of choosing MyWorkpapers for Moore Thompson includes:

Less time spent on jobs
Freeing up more time for clients and advisory services
Enhancing client satisfaction
Strengthening its market position.

The Positive Results for Staff and Workflow

MyWorkPapers profoundly impacted Moore Thompson’s workflow, enhancing collaboration and standardising processes across offices. Staff appreciated MyWorkPapers’ ease of use, leading to a more productive workforce.

When asked would he recommend MyWorkPapers to other practices, Matt Storey said:

“MyWorkPapers is quite vibrant, easy to see, easy to work with and the efficiencies it brings is going to be a major factor for someone wanting to take this on. The staff really like it and are really comfortable with it”.

Moore Thompson recommend MyWorkpapers because it has enhanced operations, boosted efficiencies, and increased client satisfaction.

As Moore Thompson continues to utilise MyWorkPapers, they expect ongoing growth and success, reinforcing their leadership in the accounting sector. With MyWorkPaper’s, Moore Thompson is poised to maintain excellence in service and innovation.

Moore Thompson has had a positive experience with MyWorkPapers, leading them to recommend the software to other accounting practices.

Watch: Moore Thompson Discuss Why They Chose MyWorkpapers

Explore MyWorkpapers

FAQs

What are the main benefits of MyWorkpapers for accountancy practices?

MyWorkpapers helps accountancy practices standardise their workflows, improve document management, and reduce the time spent on each client job. Key benefits include a roll forward function that carries work forward year on year, simultaneous file collaboration for managers and staff, and a structured review process that replaces slow paper-based methods.

How much time can MyWorkpapers save per job?

Based on the experience of Moore Thompson Chartered Accountants, MyWorkpapers delivered time savings of between 30 minutes and one hour per client job. Over a full year across a busy practice, this compounds into significant capacity that can be redirected to client-facing and advisory services.

Is MyWorkpapers suitable for multi-office accountancy firms?

Yes. MyWorkpapers is designed to support dispersed teams working across multiple offices. Its cloud-based platform allows staff and managers to collaborate on the same file simultaneously, ensuring consistent standards and workflows regardless of location.

What is the roll forward function in MyWorkpapers?

The roll forward function allows practices to carry forward work, templates, and documentation from one year to the next, rather than starting from scratch each period. This is one of the most time-saving features for firms handling recurring compliance work across a large client base.

How does MyWorkpapers improve the review process for accountancy managers?

MyWorkpapers enables managers to review and collaborate on client files in real time, alongside the staff member working on them. This replaces the traditional process of passing physical or static files back and forth, allowing queries to be resolved quickly and reducing bottlenecks in the workflow.