Why accountants love Rho
At Rho, we've developed a banking platform that caters to the needs of accountants today and tomorrow.
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1 minute
September 13, 2024
Being an accountant is hard.
You’re all too familiar with the litany of challenges your team faces daily: talent shortages, bad technology, lack of relationships, and maybe even a few unruly clients—the list goes on.
And this doesn’t even factor in the complexities of the work you do through the services you provide.
The problem is that, for far too long, there hasn’t been a clear place of solace for you. But rather, every platform that positions itself as a solution has become another source of frustrations and hidden costs.
The more we spoke to accountants, the clearer one reality became: they need more support.
Today, accountants aren’t solely tasked with reconciling and closing the books but are also relied upon to be thought leaders and make smart profit decisions in a post-ZIRP era.
With so many changing responsibilities, the unfortunate reality is that the status quo hasn’t been able to keep pace.
But support for accounting professionals doesn’t look like a set of ad hoc features, disconnected from one another. It can only be enabled with a platform designed to reduce the burden of day-to-day tasks like reconciliation, payroll, and more.
It shouldn’t stop there, though. Relationships matter, too. And while some have taken the approach that relationship banking is dead, we couldn’t agree.
At Rho, we’ve acknowledged these deep-seated pain points and have addressed them through a dedicated platform.
One that not only makes your life easier, but those of your clients as well. For us, accountants do some of the most meaningful work that helps the startup ecosystem thrive, so the status quo just doesn’t work anymore.
We’re changing that.
One of the most pressing constraints accountants face is a significant talent shortage.
This downturn isn’t exclusive to less accountants joining the field but is also for those retiring or transitioning out of firms. As a result, accountants are being forced to do much more with significantly less.
If a platform provides even the least bit of friction, this can quickly make a bad situation worse.
Accountants need faith that the tools they’re onboarding feel like a peer, not a hurdle.
In an effort to provide the most value, many accountants try to broaden their service lines as much as possible.
But here’s the problem: many of them aren’t equipped to take their firms in another direction or add services when they’re already stretched thin.
And the products on the market haven’t helped much either.
When time is at a premium, accountants need reliable processes that remove as many unnecessary steps as possible.
Given how challenging the market offerings for accountants have been, especially with banking platforms, many of them are left resorting to the status quo.
The issues here will feel all too familiar: disconnected features, bad customer service when you need it, and just a general sense of friction and frustration.
Because of this reality, many accountants don’t realize that there can be a good option that provides great technology, insights, relationships, customer experience and consolidation in a single platform.
And better yet, all of this can come at zero cost to them.
We’ve heard directly from accountants about all of these challenges and many more. So we set out to address them with a platform that inspires the trust, confidence, and reliability that’s sorely needed for today’s accounting challenges.
Here’s how we’re making the lives of accountants that much easier.
Your time as an accountant is valuable—automation can play a huge role in helping free up your time for more important tasks.
“With features like automated expense tracking, real-time reporting, and seamless integration with our financial tools, Rho minimizes manual data entry and reduces errors. This efficiency not only saves time but also provides clear, accurate insights into financial performance, making accounting processes more straightforward and less stressful."— Braden Bullen of FlowFi*
With Rho, accountants can automate many of the tedious and repetitive tasks they’ve grown accustomed to: from coding transactions to processing invoices and scheduling payments.
The result is not only peace of mind for you, but for your clients as well.
Our platform is built to foster better client relationships from day one.
We’re all too familiar with the realities of that white-glove service you experienced at onboarding all but disappearing after you’ve settled in. At Rho, we’re intent on developing long-standing relationships that are not transactional and built on a foundation of trust.
“I am excited for the partnership Rho is building with accountants. They have made it super easy for accountants and their clients to open accounts, manage cash, and sign up for a Rho card. The customer service and user experience has been wonderful and the ease of navigating both the web and native Rho app sets them apart.”—Michael Ly of Reconciled*
We have dedicated points of contact for you, not just in onboarding, but during your firms activation period. After that, we offer 24/7 award-winning customer support when you need it.
Rho’s platform consolidates all of your finances into one streamlined interface. Whether it’s managing expenses, overseeing cash flow, or ensuring compliance, you can manage it all from a single, intuitive platform.
“Rho offers a tech-forward, seamless experience while integrating essential back-office accounting functionalities such as bill pay and expense management. Our clients seek to consolidate the tools, allowing for more streamlined and efficient financial management solutions they need to run their businesses, and Rho perfectly supports this vision offering scalability to drive business growth."—Alan Langelli of Aprio*
Plus, Rho integrates with popular accounting software you’re already using: from Sage to QuickBooks, Netsuite, and more.
When it comes to their relationship with banking platforms, accountants have been ignored.
At Rho, we’ve set out to change that and establish long-lasting relationships based on trust, confidence, and reliability. So whether you’re looking for a way to save time and money or just feel supported, we’ve got you covered at Rho.
Relationship banking isn’t dead—it’s the future.
Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.
*Testimonials reflect individual customer experiences and opinions and are provided for informational purposes. There is no guarantee that your Rho experience will be the same and results may vary.
