Once you’ve decided that cloud accounting is the way forward for your creative agency, it’s time to start putting your dream team together. Not a team of people, but a team of cloud-based accounting tools that will work in perfect harmony to streamline your studio’s finances.
Management accounts bring all kinds of benefits to all kinds of businesses - and in particular, they bring clarity to the creative chaos that can be agency life! So, in this blog post, we’re going to focus on three of the most tangible benefits of management accounts for creative agencies.
At a creative agency, individuality is to be encouraged. After all, doing things your way is what makes you stand out from your rivals in a seriously competitive sector.
But when it comes to your finances, it doesn’t hurt to take a look at what your competitors are doing now and again either.
With creative work revolving increasingly around the digital space, the projects you work on are now more measurable than ever. Your clients want to see tangible return on their investment, and can use all manner of criteria (from website analytics to video views and social followers) to judge the success of a campaign.
Working at a forward-thinking creative agency, there’s every chance you’re already using ‘the cloud’ to bring little rays of sunshine to your working day. Maybe you’re quickly and conveniently sharing hosted documents with clients via Dropbox or Google Docs, for instance?
For all the innovation, creative genius and daring design that underpins your creative agency, financial planning is every bit as crucial to your business success.
After all, it’s notoriously difficult to turn creative talent into cold hard cash.