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Accounts Outsourcing for Businesses

You can outsource some accounting functions or your entire accounting department. Our qualified accountants are capable of working on any of your accounting projects.

Areas of accounting outsourcing

• Bookkeeping
• Accounts payable
• Accounts receivable
• Invoice processing
• Budget & forecasting
• General accounting
• Management reports
• Financial analysis & research

Why businesses outsource?

The current economic situation is not conducive to adding new resources or additional overheads to many businesses. In fact, the industry experts advise businesses to have a fluid structure with various non-core functions outsourced to specialist third parties.

Businesses that are able to take wise decisions at the right time survive and then sustain their growth. Outsourcing is an option not just for select few big companies, but is now available to even traditional and family-run companies.

Why Integra for outsourcing?

With our years of expertise in accounting, outsourcing local presence, we can help you with all your accounting outsourcing needs. We work using multiple methods of outsourcing and have the capability to handle various accounting software systems.

We have accounting experts to cover all functions and will work with you from planning stage. Our accountants at our Indian office have years of process, industry, software and outsourcing experience. We quickly study your process, document the same for approval, do a trial run and enable smooth transition of work.

Benefits of outsourcing

• 60% or more cost savings
• Flexibility to make business decisions
• Concentrate on your core business

Outsourcing is much easier to adapt than everyone believes. We have helped many companies to successfully outsource their accounting processes.

"Fast, accurate and responsive to directions; this is a team that delivers excellent value”

--T&K Accounting group, Surrey

Accounts outsourcing – How to get it right?

Getting it right is very important when it comes to accounts outsourcing. Where can it go wrong? Security of data, communication issues and cultural fit are some of the areas where it can go wrong. Though, security of data is portrayed as an important issue and remains a concern, it was just blown out of proportion by the tabloid media. Now most of the accounts outsourcing providers have implemented excellent security measures for data protection.  

Communication and cultural fit are the other worries and if you get this right with the accounts outsourcing provider, half your job is done. Communication can get difficult if you try to outsource to an accounts outsourcing provider who are many miles away and often in different continents as in the case with Integra.

We try to address the communication issues, by having local contact in UK to make it easy for the clients. This is all the more important in the early stages of accounts outsourcing relationship. We also invite our clients to visit our facilities in India, spend a day or two with our people and this helps break the ice. The relationship becomes lot better after the people know each other in person.

Cultural fit is also important in an accounts outsourcing. You should try to understand the culture and ethos of the accounts outsourcing provider. Some companies may have strong corporate culture and some may have too relaxed/family kind of culture. This is even more the case in companies from India and China. From our beginning, in Integra we have the values of a family run company with the desire and ambition of results driven corporate.

If you get the cultural fit and communication sorted, you are about 90% sorted in your quest to get your accounts outsourcing right.

   

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