Benefits of Outsourcing

Benefits	In-house	Outsourcing
Quality of work
Overnight turnaround
Lower overheads
Lower costs
Flexible workforce
More productivity

Quality

Expertise across multiple accounting software including Sage, QuickBooks, VT, Iris, MS- Excel , MYOB among others
Trained for UK accounting process / standards
Senior chartered accountants with many years of experience for review

Overnight turnaround

Work is started the same day job comes in
Advantage of time difference – Tasks completed before the UK day begins
Team of accountants to complete even last minute jobs

Lower overheads

No hiring cost, office space, computers, furniture, administration
No sick pay, holidays, benefits

Lower costs

At least 60% cost savings for pay as you go (or) permanent staff
No capital investments to start and then during expansion

Flexible workforce

Hourly, part-time or exclusive staff based on your need
Flexible to add or reduce staff on demand - Easy to plan future expansion
Night shift or weekend work on demand

More productivity

On an average 20% more productive with experienced accountants
Work 6 days a week and 180 hrs/month

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Accounting outsourcing benefits – Are they for real?

Accounting outsourcing is perceived to bring in loads of benefits like reduced cost, improved process and increased flexibility. But there are people who have serious doubts about the benefits. They cite the issues associated with outsourcing. Does the issue outweigh the benefits? Let us look at it.

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The 2 major issues of accounting outsourcing are 1) Transition management 2) Bridging the cultural difference. In any business, when you plan for a change it is always difficult to implement the transition. However, if it is not done, there is good chance of being left behind. With good accounting outsourcing providers who has years of transition management experience, this can be easily overcome. Bridging the cultural difference is required, but is not all that important as it made out to be. Well, if it was a call center then it is a must, but for accounting outsourcing, this can be easily managed.

When we come to look at benefits, the cost savings are huge and it is to the tune of about 60%. Apart from the cost savings, the flexibility gained is enormous. Also the most important benefit of accounting outsourcing is the process improvement brought in by outsourcing provider.

So when you consider the benefits Vs issues, benefits outweigh the issues by a large margin. But this is our view and you can have an entirely different opinion. If you want to discuss more, please do not hesitate to contact us.

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