06

Dec 2018

Where are the gains

Is Digital Disruption in the Accounting profession just a load of garbage?

By: Odyssey Automation
Tags: Accounting World, Digital Disruption, Machine Learning

As we all settle into the thought of a break at Christmas time, it’s likely we’ll reflect on the year that was, which is only mid year in the Australian accounting compliance world. More interestingly, what’s really changed this past year. The compliance world seems to be “same old same old”, more tax regulations have been introduced, but apart from …

29

Nov 2018

top 10 best practice

The Ten best practices for Accounting firms working with Offshore Outsourcing firms.

By: Odyssey Outsourcing
Tags: Accounting Firms, best practices, Labour hire, offshore outsourcing

Outsourcing is not a new way of working, and outsourcing to Australian accounting firms is now approaching 20 years. Certainly a mature offering for those firms like Odyssey that were the first movers (the pioneers) in this space. However, it’s acknowledged that with demand far outstripping supply in this area, there has recently arisen “labour hire” firms, with low barriers …

22

Nov 2018

Practice management series 2

Evaluating the Potential risks of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance

By: Odyssey Outsourcing
Tags: australian accounting, offshore, Outsourcing potential risk

In the first part of this series, we discussed the benefits of outsourcing accounting, taxation and bookkeeping compliance to an offshore provider. Understanding the risks associated with the outsourcing is as important as evaluating the benefit. Outsourcing has 3 key success factors / risks: Quality, timeliness, price. Generic business risks are generally well understood and relate to a large extent to these key …

01

Nov 2018

outsourced workers outperform

“Outsourced Offshore” versus “Labour hire Offshore” – Two different tribes

By: Odyssey Outsourcing
Tags: Labour hire, Offshore Experts, Outsourced offshore

There are a now dozens of new entrants into the Offshore “Labour hire” market, and the more mature “Labour hire” firms overseas are expanding their reach by re-badging or re-naming themselves as “Credible Outsourcing Experts”. Yes, many of these labour hire firms have the opportunity to push themselves into the market as “Credible offshore experts”, but if they aren’t taking …

25

Oct 2018

Practice management series - 1

The top 5 Benefits of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance to an Experienced Offshore provider

By: Odyssey Outsourcing
Tags: benefits, Offshoring, Outsourcing

Outsourcing is not new. It derives from the economic principle of comparative advantage. CPA Australia released several great checklists back in October 2016, with lead author by Odyssey’s David Carter. The checklists in these series allow Australian accountants looking to use or provide outsourced services to cover many of the important aspects of outsourcing. This week we look at the …

18

Oct 2018

Rise of the machines

Australian Accounting Compliance workplace experience is needed to fight the rise of the machines!

By: Odyssey Automation
Tags: Australian compliance, industrialization, machines, offshore

We live in a dramatically different world that is different because of globalization and technology.  Outsource your work to a quality company like Odyssey, and get on with adopting new technology. Your future, and your children’s future, depends on it! As we head into this New Wave of industrialization, there is a need to look at not only where the compliance …

11

Oct 2018

6 Reasons why you should outsource

6 Good Reasons to outsource your Australian Compliance work to an expert

By: Odyssey Outsourcing
Tags: Australian compliance, Change, Outsourcing

Outsourcing (and not offshore labour hire) can bring many benefits to your business. It’s critical that business owners remain alert and agile to ever present changing market conditions. Outsourcing now is a business norm, and yet there are still a few Australian accountants not yet fully into Outsourcing. With change an ever constant, especially not only as we’ve recently seen …

04

Oct 2018

The fourth wave

The Fourth Wave of Industrialisation, and its impact on Australian compliance work.

By: Odyssey Automation
Tags: artificial intelligence, Australian Accountant, Intuit, Xero

If you managed to attend Xerocon at the Brisbane convention centre recently, you might have noticed some pink flamingos in a ball pit, and other interesting goings on. Certainly the new cloud providers are expanding traditional accountants mindset, and challenging the status quo of traditional compliance! So for some it might not seem unusual on Day 1 of Xerocon for …