An accounting firm powered by automation
When Hannah Adams and her husband Simon founded Freedom in Numbers in 2017, they wanted to start an accounting firm of the future. They knew that becoming a valuable advisor to small and medium businesses meant utilizing the right technologies and offering services that would provide clients with valuable insights.
“We found that business owners generally only have one or two points of contact with their accountant per year,” says Hannah. “They often work with old information, and really just have an advisor because they think they need to.
“We felt the relationship should be much more than that. The accountant is there to help guide a business and help owners make meaningful decisions using accurate data.”
With this in mind, Hannah and Simon decided to implement a standardized technology stack when launching Freedom in Numbers. Both had been working with Xero for years, and were familiar with the common issues clients might face.
“We wanted to speed up the monthly bookkeeping process, not just for our clients, but for ourselves as well,” says Hannah. “Data entry should be the start of our processes, not the be all and end all of what we do. Manual data entry took us away from being able to serve our clients better, so while we were preparing to launch, we looked for a way to streamline this task while also working seamlessly with Xero.”
All new clients get both Xero and Hubdoc. We don’t tend to work with anything else because we find it’s the perfect integration and provides a complete bookkeeping experience. – Hannah
Streamlining processes and overcoming roadblocks
The biggest roadblock Hannah’s clients faced when trying to implement a seamless accounting workflow was manual bookkeeping, like saving receipts, bringing them to the accountant, entering data and matching to a transaction.
Hannah and Simon set a goal of clearing this roadblock by implementing their carefully selected standardized technology stack with clients.
“All new clients get both Xero and Hubdoc,” explains Hannah. “We don’t tend to work with anything else because we find it’s the perfect integration and provides a complete bookkeeping experience.”
Recognizing that paper documents caused significant delays in the bookkeeping process for both clients and themselves, Hannah and Simon made sure to provide Hubdoc training to their clients. This focused specifically on Hubdoc’s mobile application so they could easily take photos of receipts. With clients snapping photos, Hannah and Simon could ensure a constant incoming document stream, rather than waiting months for a box full of receipts.
For clients like Glade Consulting, a manufacturing consultancy focused on helping companies achieve health and safety, environmental, and quality management certification, moving to digital documentation was an important factor in switching to Freedom in Numbers.
“When Hannah introduced Glade to Hubdoc, we knew it was going to be a great change,” says Richard Dolman, founder and lead consultant at Glade Consulting. “Before Freedom in Numbers, I would spend two to three hours sorting, scanning, then sending my documents. Now, it’s all done in about half an hour because it’s an easy photo and then it’s done.”
Focusing on business growth and client experience
When an entrepreneur launches a new business, they want to see their business grow and become sustainable. This was certainly the case for Hannah and Simon and their Xero and Hubdoc-powered tech stack has produced results beyond what they could have imagined at launch in 2017.
“Hubdoc saved huge amounts of time in our daily bookkeeping services,” says Hannah. “We would easily spend a full day each week doing manual data entry, but now we can do the same amount of work in about 10 minutes because the documents we get are sorted by client, and the data is already entered. You can imagine how freeing the workflow was for us.”
Beyond the automatic document upload and data extraction through the mobile app, Hubdoc’s integration with Xero also set up Freedom in Numbers’ workflow for efficiency.
“We can make sure things are pushed to Xero properly,” says Hannah. “Hubdoc automatically authorizes the invoices in Xero. It’s great because we get documents automatically, the data is pulled from them, we can push to Xero with one click, the transactions are created and authorized, and the documents show up in Xero seamlessly.”