Project Management for Accountants: Why Is It Important?
The business needs from an accountant have changed a lot in the past years. From providing simple bookkeeping services, most of the accountants are now taking up business advisory roles....
Engagement Manager Details
| Price | Quote-based. |
|---|---|
| Rating | 3.3/5 based on 14 reviews on G2. |
| Business Function | |
| Industry | |
| Compatibility | ProSeries Tax Software, Lacerte Tax Software, ProSystem fx Tax, UltraTax CS, GoSystem Tax. |
| Developer | Thomson Reuters. |
What is an Engagement Manager?
Previously known as AdvanceFlow, Engagement Manager is a cloud-based engagement management platform. Introduced by Thomson Reuters, Engagement Manager streamlines the process of managing client engagements, tracking project progress, and ensuring deadlines are met with ease.
With its advanced features, Engagement Manager helps diverse industries, such as accounting, tax, and legal, organize their client data, assign tasks, monitor staff performance, and automate recurring processes, improving overall efficiency.
Engagement Manager allows professionals to create detailed engagement plans that outline project milestones, deadlines, and resource allocation. This tool enables firms to manage multiple clients simultaneously while keeping track of ongoing tasks and ensuring that each project is completed on time.
Engagement Manager integrates with popular tax solutions, like UltraTax, ProSeries Tax and ProSystem fx Tax to offer a real-time data flow, reducing manual interventions. Moreover, you can import data from QuickBooks Desktop for an error-free accounting process.
Key Features of Engagement Manager
Custom Reporting
Engagement Manager enables businesses to create custom reports to suit their or client’s requirements. You can add or delete columns and fields with ease.
AI-Based Risk Analysis
Engagement Manager integrates intelligence into auditing with AI-based risk analysis. Identify transaction anomalies and errors to optimize the audit process.
Accurate Trial Balance Management
Engagement Manager offers diverse features for working trial balances. You can customize journal entries and views, as well as access advanced filters and real-time notifications.
Effortless Work Paper Management
Customize your workspace, handle multiple tasks at once, and quickly find work papers while keeping track of their status.
Engagement Status Dashboard
Quickly see key details about your engagements, including task notifications, all in one easy-to-view dashboard.
Custom Workspaces
Engagement Manager offers a highly customizable workspace, enabling you to work conveniently. Organize folders and customize signoffs as per your requirements.
Engagement Manager and Ace Cloud Hosting: One-stop Cloud Accounting Solution
Engagement Manager is a cloud-based solution that facilitates client communication and engagements. Integrating Engagement Manager with your desktop tax solutions, such as Lacerte and ProSeries Tax, hosted on Ace Cloud Hosting’s cloud platform, offers you a complete cloud solution with benefits like –
Round-the-clock Support
We offer 24x7x365 dedicated support to all our customers. You can contact us anytime by phone, chat, or email to get a guaranteed response and resolution to all your issues.
Guaranteed Uptime
Ace Cloud Hosting's robust business continuity and disaster recovery system ensures an SLA-backed uptime guarantee of 99.99%. Work without worries, even during a crisis, to ensure optimum productivity.
Ultimate Performance
Ace Cloud Hosting’s high-performance computing environment ensures unparalleled performance. Businesses can add any number of users and applications without worrying about server performance or lag.
Total Data Security
We deploy a multi-tiered security architecture to ensure complete data security. The security safeguards include Intrusion Detection and Prevention, 24x7x365 network monitoring, and 256-bit AES data encryption.
Cost Savings
Hosting your data and applications on Ace Cloud Hosting’s platform helps you eliminate the in-house IT capital expenditure. Choose from our flexible pricing plans to pay only for the resources you use.
Advanced Cloud Infrastructure
Ace Cloud Hosting hosts your data and applications in Tier-5 data centers with redundant infrastructure, fault-tolerant systems, and robust security, ensuring all-time business process availability.
Integrating Engagement Manager with UltraTax on Ace Cloud Hosting
Integrating Engagement Manager with UltraTax CS on Ace Cloud Hosting enhances your tax preparation workflow by enabling seamless data transfer between the two applications. Let’s see the steps of integration:
Step1
In Engagement Manager, go to Setup > Firm Settings. Under Tax Information, check the box for UltraTax CS and click Save.
Step2
In the Engagement dashboard, select the desired engagement. Click the Properties tab. Set the Vendor to UltraTax CS and choose the appropriate Entity. Click Save.
Step3
Go to Setup > Tax Codes. Select UltraTax CS as the tax vendor. Choose the relevant Entity and Tax Year. Assign tax codes that align with those in UltraTax CS.
Step4
In UltraTax CS, navigate to Utilities > Engagement Manager (Import). Sign in to Engagement Manager. Select the client and engagement, specify the date range, then click OK, then Import, and finally Done.
Frequently Asked Questions
Engagement Manager provides tools for creating detailed engagement plans, assigning tasks, tracking progress, and monitoring staff performance, making it easier to manage multiple projects.
Yes, Engagement Manager is designed to manage multiple clients and engagements from a single platform, helping accounting firms stay organized and efficient.
Yes, Engagement Manager allows managers to assign staff to projects based on their availability, skill set, and current workload, ensuring efficient resource allocation.
Engagement Manager provides detailed reporting on staff hours, productivity, and overall performance, helping managers identify areas for improvement and allocate resources effectively.
Yes, Engagement Manager is designed to scale, making it ideal for small firms and large accounting practices managing multiple engagements.
Yes, Engagement Manager offers workflow automation tools that allow firms to set up recurring tasks, reducing manual effort and ensuring consistency in processes.
Engagement Manager provides a centralized document management system, allowing firms to store and organize all project-related documents in one place for easy access.
Reviews
AdvanceFlow software upgraded the company's internal audit issues. It has been of great use and value because it brings everything needed for an audit. The files are available in real time bringing super detailed and personalized reports with options for actions, dates, users, devices. It's very safe and reliable.
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Compatible for small CPA firm needs. Very user friendly!
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At the time of the audits for our company it has been of great advantage, since it makes all the files or documents available to us in real time. It gives us a detailed report where we can see the history of all the actions carried out, allowing us to keep track of the start and end dates of each of them.
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