Tech firm Zoho launches Zoho Practice for chartered accountants
The practice management solution comes pre-integrated with Zoho Books (accounting app), Zoho Expense (travel and expense management app), and Zoho Payroll (payroll management app).
Chennai-headquartered technology company Zoho has launched Zoho Practice, a free end-to-end practice management solution for chartered accountants (CAs). The software helps CAs streamline their workflows and seamlessly collaborate internally with their clients.
"Over the last 15 years, we have gone from offering an invoicing solution to a suite of products, and now we have evolved into a comprehensive Finance Platform, powered by a strong ecosystem. Today, we have launched Zoho Practice to serve one of the most critical stakeholders in the financial ecosystem—the Chartered Accountants. Our aim is to help them increase productivity and achieve operational efficiency, so that they can focus on growing their firm," said Sivaramakrishnan Iswaran, Global Head, Zoho Finance and Operations Suite.
According to the company, Zoho Practice comes with client management, document management, task management, timesheet, and billing capabilities. The application also offers a few industry-first capabilities, built from the ground up for distributed firms, like advanced collaboration through chat, voice or video calls, and document sharing. It also offers AI-driven anomaly detection to identify inconsistencies in transactions, so that the issue can be rectified quickly.
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The practice management solution comes pre-integrated with Zoho Books (accounting app), Zoho Expense (travel and expense management app), and Zoho Payroll (payroll management app), providing a comprehensive central repository while enabling seamless interoperability between an accountant's practice and their client’s finance and operations.
The Finance Platform is seeing 65% y-o-y growth in new customers in India. This growth is being driven by Zoho Books, the company's flagship GST-compliant accounting solution, that supports 17 languages including Hindi, Tamil, Gujarati, and Marathi. The finance platform ecosystem also saw an increase of 63% in the global accounting partner network last year.
Zoho Practice is available for use immediately and is free for accounting firms with up to 3 users. Additional users can be added by purchasing the add-on which works up to Rs 150 monthly per user.