Canopy Insights
2024 CPA Practice Advisor Innovation Award Finalist
https://www.getcanopy.com/insights
Canopy’s practice management software offers accounting firms an easy way to manage all of their work in one place. With the addition of Insights, Canopy’s reporting tool, firms now have the ability to house their data and data analysis tools in one place.
Insights help you make data-driven decisions. Without data, you’re shooting in the dark and there’s no knowing how your business decisions are helping or hindering your firm. With insights on clients, tasks, billing, and time, you can dive deep into any area of your business.
Insights highlights exactly what is going on with your firm at any time. It allows you to:
- Spend less time analyzing data (recommended visualizations, drill downs, filters)
- Build real time reports (live data, no exporting, search)
- Keep a finger on the pulse of your practice (trending data, scheduled reports, alerts)
Generating reports can also be done through natural language processing with AI. If you don’t know exactly what you’re looking for? That’s okay. Type a question or statement and the software will look for the most likely data points and present a recommended visualization. Give the tool feedback by letting it know if its recommendation answered your question. The more you train it the better it gets.
Insights lets you dive deep into your firm’s data to find out where you’re most profitable, where you’re losing money, who’s the most efficient on your team, and more. Imagine a world with no more blind spots, you can use your data to quickly identify more revenue earning activities or areas to change. Overall it allows you to make better business decisions.
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See all of the 2024 Tax and Accounting Technology Innovation Award Winners and Finalists at:
https://www.cpapracticeadvisor.com/2024/08/29/2024-tax-and-technology-innovation-awards/109458/
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Tags: Accounting, Firm Management
