Proposal revisions can be a major bottleneck for UK accounting firms. They take too long, delay onboarding, and slow down the process of securing new clients. Understanding why revisions drag on and how to streamline them – can help ICAEW/ACCA-regulated practices improve efficiency and stay compliant.
Below is a UK-specific breakdown of why proposals take so long and how accounting firms can cut revision time by 50% or more.
Why proposal revisions take so long
Lack of clear objectives
Many proposals fail to define:
- Scope of work
- UK GAAP or IFRS basis
- Making Tax Digital (MTD) service boundaries
- GDPR controller/processor responsibilities
When goals are vague, accountants waste hours second-guessing what the client really wants.
Realted Post – How to write client focused accounting proposals that address financial goals?
How to cope up with challenges in proposal revisions time taken
1. Define clear objectives: Before drafting a proposal, ensure that the objectives and scope are clearly defined. This clarity will guide the revision process and make it easier for everyone involved to understand what changes are necessary.
Example: At the start of a project, hold a meeting to discuss goals and expectations for the proposal. Document these points and refer back to them during revisions.
2. Streamline feedback processes: Create a structured method for collecting feedback. Use a shared document where team members can add their comments in an organised manner.
Example: Set up a central document where team members can leave comments on specific sections of the proposal. This avoids scattered emails and helps everyone see all feedback at once.
3. Improve communication: Keep communication open among team members throughout the proposal process. Regular check-ins can help clarify any confusion and ensure everyone is aligned.
Example: Schedule brief daily or weekly meetings during the revision period to discuss progress and address any questions that arise.
4. Focus on high-impact changes: Prioritise revisions that significantly enhance the proposal’s value rather than getting bogged down in minor details. Identify which changes will have the most impact on potential clients’ decisions.
Example: Instead of obsessing over font sizes or colours, focus on improving sections that explain how your services meet client needs or solve their problems.
5. Implement a prioritisation system: Use a system to rank feedback based on its importance and urgency. This helps ensure that critical changes are made first, reducing overall revision time.
Example: Assign priority levels (high, medium, low) to each piece of feedback received, allowing you to tackle the most important changes first.
6. Create revision checklists: Develop a checklist for common revisions needed in proposals specific to your accounting firm’s services. This checklist can guide both initial drafting and subsequent revisions, ensuring nothing is overlooked.
Example: Include items like “Is the scope of services clearly defined?” and “Does the proposal address client pain points?” on your checklist.
7. Use version control: Keep track of different versions of proposals as they are revised. This allows you to refer back to previous iterations if needed and helps prevent confusion over which version is current.
Example: Label each version with dates and major changes made so everyone knows which is the latest draft.
8. Involve an objective reviewer: Having someone not involved in earlier discussions review the proposal can provide fresh insights and highlight areas needing improvement that may have been overlooked by those closely involved.
Related post – How to write a high performing accounting services proposal
Example: Ask a colleague from another department or an experienced partner within your firm to review your proposal before final submission for unbiased feedback.
Conclusion
Proposal revisions do not have to take a long time for accounting firms. By understanding common issues such as unclear objectives and inefficient feedback processes, firms can implement strategies that cut revision time by 50%. Defining clear goals, improving communication, focusing on high-impact changes, and using structured systems will enhance efficiency in proposal development. With these practices in place, accounting firms can improve their proposal turnaround times and increase their chances of winning new clients effectively while maintaining high standards of service delivery.
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Parul is a dedicated writer and expert in the accounting industry, known for her insightful and well researched content. Her writing covers a wide range of topics, including tax regulations, financial reporting standards, and best practices for compliance. She is committed to producing content that not only informs but also empowers readers to make informed decisions.