1. LOOKBOOK A Case Study
ONE-STOP-SHOP TO MANAGE PEAK TAX SEASON LOADS.
Wilder Coe is a multi-faceted practice providing a wide range of professional business services for a diverse range
of clients, from small local businesses to large multinationals. Their partner-led approach, combined with a
commitment to understand each business, ensures right level of attention and service across multiple industries.
Services – Accounts preparation, audit and assurance, tax, forensic accounting and litigation, business recovery,
company secretarial, credit management, human resources, registrar services, credit control, payroll & VAT,
stamp duty land taxes, accounting support, corporate finance and consultancy.
ACCOUNTING & TAX
Datamatics provides specialized tax
and accounting services that
deliver cost optimization to CPA
firms across the globe.
Service offerings:
• Book-keeping.
• Tax preparation.
• Financial statement preparation
audit support.
Datamatics enables global CPA
firms to reduce their operational
costs and achieve peak season
requirements with Pay-As-You-Go
(PAYG) model.
Services across:
Challenge
Market leaders constantly face overwhelming business opportunities while
tackling employee attrition and unplanned leaves. Like other leading
players, Wilder Coe too faced this challenge. During peak tax seasons, the
firm had to manage piling workload without hiring additional staff. They
were in need of an outsourcing partner to manage accounting & taxation
loads with highest quality and accuracy.
One of the firm’s client - group of 150 companies was lagging on their tax
& accounting records. They could face huge penalties due to limited staff
and sudden amendments in Financial Reporting Standard (FRS). The firm
needed expertise to update all records, reduce the turnaround time (TAT)
and increase accuracy in processing returns.
Datamatics partnered with Wilder Coe and adapted their culture to:
• Manage resources efficiently.
• Meet deadlines.
• Turn around error-free documents.
12 years ago we made one of the best decisions to outsource
accounts and tax processing to Datamatics.
MARK SAUNDERS, PARTNER, DIRECTOR AT WILDER COE LLP
US
CANADA
UK
DID YOU KNOW…
Financial outsourcing services
are growing at 8 percent
annually (Source: KPMG)
Accountex predicts that more
than 90% of small and medium-
sized businesses will be using
cloud accounting software.
40+
years
Headquartered in
LONDON
Member of
INTEGRA INTERNATIONAL, NIIFA, ICAEW Chartered Accountants
Adherence to
strict deadlines
Compliance to
government
regulations
High
attrition levels
Fixed
salary cost
Process error
free documents
Reduce
Turnaround
Time (TAT)
Key challenges addressed
2. SOLUTION
Datamatics
suggested
the PAYG
(Pay-As-You-Go)
model to provide staff
capacity and workload
flexibility.
SUCCESS
• Improvement in
service productivity.
• Reduced operational
costs.
CHALLENGE
To manage
peak loads
during tax
season and
update all records within
strict deadlines.
ABOUT DATAMATICS:
Datamatics Business Solutions Ltd. is a global provider of the Business Process Management
(BPM) solutions. We partner with Fortune 5000 companies to deliver complex solutions that help
drive revenue growth, operational efficiency & customer engagement.
Solution
Datamatics recommended and deployed the PAYG (Pay-As-You-Go)
model, to provide seasonal staff capacity and workload flexibility. This
model was a perfect fit for Wilder Coe’ business as it provided the flexibility
to outsource or retain work based on the workload.
Datamatics’ team of accounting professionals were trained quickly on:
FRS amendments to process 100% accurate statements.
Basic, intermediate and complex tax returns (SA100, SA800, SA900) at
crucial deadline stages.
Partnering with Datamatics allowed Wilder Coe to manage the tax season
load with expertise of trained accountants and bookkeepers. The firm
experienced a shoot up in revenues without major increase in fixed costs or
heavy investments in permanent staffing. Wilder Coe’s client received a
complete record of updated accounts within TAT.
Being an ISMS & ISO certified organization, Datamatics managed sensitive
company information with highest confidentiality.
www.datamaticsbpm.com | globalsales@datamaticsbpm.com | marketing@datamaticsbpm.com
Key Results
Continuity with the account managers due to reduced churn rate. The
firm enjoys a higher flow of business opportunities due to high return
preparation accuracy.
Ability to free up time for value-added revenue generating tasks.
DATAMATICS partnership
with WILDER COE dates
back in
2005
PAYG
(Pay-As-You-Go)
model
100%
accurate
statements
Shoot up
in revenues
Datamatics has been a reliable, go-to partner for our firm. They
can be a life saver for global CPA firms during peak seasons.
— JITENDRA PATTANI, PARTNER DIRECTOR AT WILDER COE LLP