Case Study
Payroll accounting
Simplify Tax Steuerberatung processes payroll accounting for 80 clients every month.
Inefficiency
E-mail and fax dispatch
Salary lists, receipts and evaluations were sent by email or fax, which was not only risky in terms of data protection, but also meant enormous manual effort for sorting, queries and manual import into DATEV and BMD. Returns were delayed by an average of three days until all information had been viewed, filed and processed.
New workflow
TaxPoint
With TaxPoint Professional, the firm sets up a separate, secure payroll workspace for each client. Clients upload their receipts directly to their file, the Outlook add-in informs the tax clerks in real time about new uploads or comments, and thanks to the integrated interfaces to DATEV, BMD and RZL, all data is automatically transferred to the firm's management system. Queries are reduced by 70% and communication is encrypted throughout.
ROI
11x after one year
From the very first month, TaxPoint saved around 25-30 hours per month. As client activity and routine increased, the savings grew to over 40 hours from month 4. From the second quarter onwards, TaxPoint was also used in the preparation of the financial statements - which further increased the time saved. Overall, this results in a dynamic ROI that continues to increase over the course of the year.
Values in the 12th month:
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Cumulative savings: 50 600 €
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Cumulative costs (TaxPoint Professional license): 4 224 €
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ROI multiple: 10.98x (For every euro invested, €10.98 was returned)
Changeover time
7 working days
from kick-off to active use by the first 10 clients.
Linde Support
94 %
of inquiries resolved on first contact (with an average response time of 3 hours).
Client acceptance
77%
of the invited clients were active after 3 weeks.
With TAXPOINT, we have the entire digital process in our own hands for the first time, without being dependent on external service providers or brokerage or advertising platforms.
MAG. Dimitar Zlatev
SIMPLIFY TAX STEUERBERATUNG GMBH
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