At Clarity Street, we strive for a best practice approach to practice, and as such, we do our best to keep up to date with all of the latest applications, adjusting our App Stack accordingly.
Our latest App Stack comes with a new addition that revolutionises practice management in your accounting firm. More details below!
For the operational apps that appear on our App Stack, one of the prerequisites is that it needs to integrate with other apps in the stack (ideally practice management, tax or ledgers) to aid in creating an interconnected and efficient client lifecycle process for both you (the practice) and your clients. For those that have been following what we preach here at Clarity Street, we are very big advocates for having as few databases to manage as possible, so in the world of a cloud app stack, that means ideally, your practice management app should be the single source of truth, therefore peripheral apps should connect to this (in a perfect world!).
Karbon isn't new to the industry, it's been around for some time, going through its own evolutionary changes, and being adopted by a lot of firms as a stand-alone workflow and email management tool. To use Karbon until recently, you would need to have separate databases of client information to manage as it wasn't connected to a third-party practice management or tax product. Not to mention, for true reporting and WIP management, without the ability to do invoicing within Karbon, you still needed an added application to manage invoicing and therefore have visibility of your practice on efficiency and profitability.
To be fair, Karbon has had an integration with Ignition for some time, and with the integration between Ignition and Xero Practice Manager (XPM), there was a way to "jerry-rig" the three platforms together if you ever wanted to connect and have the databases more in sync. However, lots of manual steps and human touch points were needed to ensure the practice was being run efficiently using Karbon and potentially XPM together. Not a deal breaker for many firms, but not an ideal scenario from Clarity Street's point of view.
Because of this, whilst we've had our eye on Karbon for some time and have desperately wanted to add them to our app stack, the lack of a "clean" integration has always put a pause on us adding Karbon to our App Stack.
But all that can change now, and we are pretty damn excited about it! Karbon has had several key developments that are truly making it a player in the practice management space (not just the workflow and email management space), including but not limited to:
For years, the industry has scratched its heads and wondered why Karbon and Xero haven't been "integration friends", and without going into a history lesson, let's just say that with several key personnel changes in recent times, Karbon and Xero are much better friends now. What that means for the accounting industry is, more choice of the apps they'd like to use within practice and more cohesion between those apps with those recent integration changes.
We are thrilled to now add Karbon to our App Stack, it enables seamless communication and workflow, so teams know who is doing what, when, why, and how, significantly improving visibility, efficiency, and connectivity.
More details on Karbon here.
If you'd like to find out more about how Karbon could benefit your accounting firm, and work within your current App Stack, get in touch with us, or book a meeting here.
Please Note: No one pays us to feature on our App Stack. Clarity Street's App Stack, and all associated advice is independent from commissions, volume-based pricing, and promotional financial incentives. We pride ourselves on our independence, enabling us to promote what we consider to be 'best-practice' through informed choice. It has always been this way and is unlikely to ever change.
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Clarity Street was conceived from years of engaging with Accounting firms on a daily basis and a constant desire to make Accounting firms & SME’s more efficient and profitable.