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Streamlining and Securing Access to Accountancy Systems with My1Login 

 

PricewaterhouseCoopers_LogoPwC and My1Login presenting the benefits of streamlining access to accountancy systems whilst addressing key security risks.

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My1Login Benefits for Accountancy Firms

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Win More Clients by Demonstrating a Competitive Edge

While most firms are storing passwords for accountancy services (e.g. Government Gateway, Xero, payroll, client bank accounts etc.) insecurely on shared documents, My1Login enables forward-thinking firms to win more business and client pitches by providing a significant differentiator in how the firm secures these details using My1Login’s Accountancy product.

Frictionless Access to Government Gateway Accounts

My1Login enables frictionless, one-click access to multiple, shared internal and client Government Gateway accounts replacing the current, cumbersome, time-consuming process and without the passwords being visible to the workforce.

Secure & Easy Access to Shared Accounts

Securely manage access to shared Government Gateway, and other accounts, with a full audit trail of which user accessed these at any time. Provide specific employees and teams access to these accounts without seeing the passwords.

Release Productivity Gains

Don’t get left behind as the industry modernises its approach to accessing Government Gateway and other accounting applications. Free up the time-consuming and cumbersome login processes by enabling service to accounts with one-click, including automating the entry of requests for one-time passwords that are usually sent by text.

Address the Risks of Phishing and Leavers Retaining Access to Accounts

Mitigate the financial and reputational damage of data breaches occurring as a result of leavers retaining access to Government Gateway and other corporate accounts after they exit the firm. The recent introduction of Section 455 tax reclaims as an online service opens up a new risk for firms if a Government Gateway account is compromised – My1Login can protect you from this now.

Generate Revenue Share and Consulting Income

Unlock additional, subscription-based revenue streams for your firm by partnering in resale of My1Login to your clients and leverage the My1Login relationship to grow revenue for your IT and Cyber Security consulting practices.

Solution

My1Login provides accountancy firms with a secure, audited mechanism for sharing access to specific internal and client accounts (e.g. Government Gateway, Xero, payroll, corporate banking and other services) and enabling the workforce to log into these accounts with one-click.

My1Login can also automate the entry of one-time passwords, such as those usually sent by text message, providing seamless one-click access to services.

This saves time and reduces employee friction whilst mitigating a number of security risks.

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One-click Access to Shared Accounts and Services

Tax advisors, accountants, partners and other employees, can only use the specific, Government Gateway accounts they are permitted access to, and, they can do this with one-click releasing more time to focus on clients.

Access to specific accounts can be securely shared with individuals or teams (e.g. those responsible for a particular client or office) whilst the firm retain a full audit trail of which employee used or accessed these and when they did so.

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One-time Password Automation


An increasing number of services require a One-time Password or text code is entered to validate the login. This can be problematic when access to specific accounts is shared amongst numerous individuals and teams.

With My1Login, there’s no more scrabbling around trying to find the one-time text code necessary to access services like Government Gateway, Xero and others as My1Login can securely and automatically enter these details when required.

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Prevent Leavers Retaining Access to Services

A growing risk for accountancy firms is that leavers retain access to passwords for systems that protect critical data, such as payroll and banking, after they have left the firm. This has become even more critical since Government Gateway introduced Section 455 reclaims as an online service, meaning anyone with access to the account could submit fraudulent tax reclaims.

My1Login addresses this and the risk of phishing by providing access to specific accounts in such a way that the workforce is unable to view the passwords. This means they cannot retain access to these details when they leave the firm.

Resources

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