The Evelyn Partners' technology team is experienced and innovative, combining deep technological knowledge with commercial acumen. We efficiently deliver pragmatic, tailored solutions. We achieve this by taking the time to understand your organisation, its objectives, risks and the longer-term challenges you’re likely to face.

*The statistics above are based on the average process automation experience of clients in 2021. The figures are based off a feasibility study we carry out for each process – current employee time taken to complete the process VS robot time taken to complete the process.

Business health check and monitor

Working with our Advisory Consulting colleagues, a business health check may help identify specific areas within your organisation that require further systemic analysis. The results of any business health check are provided back to the board as a series of reports as explained below:

• Bespoke interactive dashboard based on built-in tests and alerts devised by Evelyn Partners' specialists

• Accounts receivable and payable analysis to auto-detect risk and suggest improvement in areas such as cashflow and rent collection
• Portfolio analytics combining live data from multiple sources, tracking against KPIs and targets

Data-led digital transformation

We have partnered with Soroco, a leading AI-led task mining company that offers our clients a data-led approach to identifying hidden inefficiencies and opportunities to deliver sustainable digital transformation.

Systems and process review

A systems and process review can often be the best first step to take in the journey of transformation. Evelyn Partners can bridge the gap between tax and IT to identify risk areas and recommend better controls and improvement opportunities. It is worth considering a review when there are:

• Heavy reliance on Excel for financial and regulatory reporting
• Identified/ recognised issues with data across multiple systems
• Mergers, acquisitions or disposal of entities
• Changes of enterprise resource planning (ERP) or accounting systems
• Wider financial transformation initiatives
• Regulatory changes

Keeping up to date with software systems is key to making sense of your business data. The right system reduces the workload and automation of activities. As a result, businesses improve effectiveness and consistency.

We assist businesses with systems reviews, gap analysis, future state requirements, platform recommendations, and vendor evaluation exercises.

Data analytics, governance, insight and visualisation

Data is everywhere, from your phone’s weekly screen time report to your monthly management accounts. It is one of the most valuable assets a company owns and is highly underutilised.

Data Analytics is key to understanding how your business is performing, what the future could look like, and what you need to focus on to get there. With analytics-focused technology, you can present real-time reporting to make better decisions faster.

From data visualisation to predictive modelling, Evelyn Partners can work with you to conduct data analytics and generate rapid business intelligence. Benefits to your business include improvements in tax reporting, better decision-making, cost reductions and identifying your finance, tax, and other business trends.

Specific areas where technology has helped businesses:

• Achieve the target operating model
• Improve governance
• Track KPIs with live information
• Real-time risk management and compliance

New ways of working mean an organisation can:

• Consider best in class v best in cost
• Operate a virtual / digital workforce and location strategy
• Manage vendors in a cloud environment
• Deliver sustainable finance and tax processes in new ecosystems

A digitalised and automated finance function will deliver:

• Improved data architecture and data quality
• Real-time analytics
• Dashboards and workflow management
• System connectivity through the use of APIs

Automation

Automation technologies largely conduct processes with or without manual intervention, thus minimising errors, reducing costs and the amount of human time required, e.g. invoice processing, bank reconciliations, document comparatives, contract analysis, etc.

Robotic Process Automation (RPA)

Manual, time-consuming, repetitive and rules-based tasks should be automated. Robotic Process Automation (RPA) provides businesses with the means to free up employees to focus on more creative and valuable work. RPA will also help de-risk outmoded processes.

Use Robotic Process Automation to gather, collate and validate information including:

• Data extraction
• Data entry/administration
• Finance reconciliations and tax computations
• Document processing e.g. invoice handling

With RPA, processes can be left to run unattended enabling the business to operate in a more agile and forward-thinking manner. By deploying RPA processes at the departmental level, they can support repetitive processes, achieving efficiencies and cost savings while preserving flexibility. These types of processes are especially common in tax, finance and accounting, HR and form processing, but can also be found in all parts of a business.

We offer process selection, development and managed service for the running of RPAs with our technology and finance knowledge.

Changing regulatory reporting and legislative requirements

The challenge

Authorities are increasingly going digital (e.g. through the use of Making Tax Digital (MTD), Country-by-Country Reporting (CbCR) and Common Reporting Standard (CRS)), along with developing new policies requiring increased transparency and sharing of data.

The burden is on the finance department to report more data than they have ever had to before. This in turn leads to a need for more data extraction and integration, a better understanding of the data available and improved efficiency to complete the extra work.

Digitalised finance and tax administration

Making Tax Digital (MTD) is part of a much wider trend involving the global digitalisation of tax. This presents a unique opportunity for the finance and tax function to capitalise on technological advancements and gain control over data and processes.

The Technology and Transformation Services team at Evelyn Partners has extensive experience to help businesses translate finance and tax requirements into technology-enabled solutions.

Our services include:

• Establishing technology strategies within the organisation
• Conducting a process review and recommending potential technological improvements to reduce effort and streamline processes
• Scoping, designing and implementing software applications
• Designing and deploying Robotic Process Automation (RPA) routines
• Generating financial and tax insight through data analytics and data visualisation

How Evelyn Partners can help

Our structured and connected approach ensures the right technology strategy will be achieved.

How we can help

• We develop logical processes which will facilitate your finance and compliance processes, saving time and minimising risk
• We tailor to your process and make it digitally linked and, where appropriate, automated. You would not need to tear apart the whole finance function, instead make incremental improvements that add significant value
• We deliver process efficient workflows to reduce key person dependencies through the smart use of software
• We can automate reporting, tax, accounting and entity tracking to allow personnel to refocus their time towards adding value