How Silverfin Is Rewiring Accounting with Cloud-Based Automation
Accounting firms use Silverfin to reduce manual work, improve reporting, and focus on advisory services.
Silverfin streamlines accounting processes by automating data workflows and enabling real-time collaboration.
Why Cloud Accounting Software Like Silverfin Matters
The old way of working with inconsistent spreadsheets is too slow for today’s business environment. Manual entries and endless email threads are also too risky. A 2023 McKinsey report highlighted that 62% of accountants spend significant time on manual data reconciliation. They spend more than a quarter of their time on these tasks. That is a significant drain on resources.
Silverfin addresses this directly. By automating the basics, it allows firms to handle more clients without increasing staff or workload. For in-house finance teams, it helps speed up monthly and year-end closes, reduces human error, and improves data accuracy.
Designed for Real Accounting Workflows
Silverfin stands out in the growing field of digital accounting tools because it supports the way accountants already work. It doesn’t force new methods. Instead, it improves the ones professionals already know.
Working papers are a good example. These essential documents are automatically created from imported data. If there is a discrepancy, Silverfin flags it. Built-in templates for tax filings and compliance reviews keep teams aligned while allowing for customization.
Collaboration is also a major strength. Team members can work on the same file at the same time, without worrying about version conflicts. Every change is tracked, making reviews and audits easier and more reliable.
From Compliance to Advisory with Automated Accounting Workflows
For years, accounting firms have talked about spending less time on compliance and more on strategic advice. That shift has been difficult to realize, in part because compliance work still consumes so much time.
Silverfin helps make the move. It handles the repetitive, low-value work and frees up time for analysis and planning. One mid-sized UK accounting firm saw a 25% increase in advisory revenue after adopting Silverfin. That growth came not from new hires, but from using existing staff more efficiently.
Silverfin Works for Firms of All Sizes
Silverfin is used by global accounting firms like Deloitte and BDO. It is also popular with mid-sized and growing practices. Any firm managing dozens or hundreds of client files benefits from automation and standardization.
Today, Silverfin supports more than 750,000 client files annually. Its ability to scale while maintaining accuracy and consistency has helped it expand rapidly across Europe and beyond.
Where Silverfin Fits in the Modern Firm
Silverfin may not be a household name, but it is part of a broader transformation in accounting. The profession is becoming more digital, more data-driven, and more focused on delivering client value. Tools like Silverfin are helping accountants work faster, reduce errors, and provide smarter insights.
In a profession built on accuracy and trust, changes do not always come loudly. But they do come. And Silverfin is at the center of one of the most important shifts in modern accounting.
