We’ve found some accounting firms headed over to the Philippines in search of additional resources, and thought it might be time to mention a few interesting facts. The offshore labour force is really an extension of your own office, but with labour issues occurring remotely. Most older style accountants still struggle with the new business model: don’t own your clients, …
The Ten best practices for Accounting firms working with Offshore Outsourcing firms.
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 …
Evaluating the Potential risks of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance
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 …
Can you really expect a higher quality of life with Outsourcing?
It was interesting to see the comments by Rod Drury the other day as he stepped away from his role as CEO. “..really, for the last 15 years, I’ve flown at least every week or two. While I like to think I was a good parent, what I realised now with the hindsight of a few months is that I was …
“Outsourced Offshore” versus “Labour hire Offshore” – Two different tribes
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 …
The top 5 Benefits of Outsourcing your Australian Accounting, Taxation and Bookkeeping Compliance to an Experienced Offshore provider
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 …
6 Good Reasons to outsource your Australian Compliance work to an expert
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 …
The 5 top reasons why “Outsourced” Remote staff are outperforming local office workers
In a recent Harvard Business Review report the number of people who say they can’t concentrate at their desk has increased by 16% since 2008, and the number of those who don’t have access to quiet places to do focused work is up by 13%. Office space design today seems to come with noises and other distractions that break concentration or …
Good Outsourcing providers focus on Quality
We like our coffee as much as the next person, probably more so as we grow a lot of the stuff here. Whilst Brazil exports a lot of coffee, from time to time Vietnam out exports Brazil. So, we’re confident Vietnam sits in the second place of main coffee exporters. Before we dive into Outsourcing and Quality, we want to …
Outsourcing trends… why your Outsourcing partner needs to continue to invest
Popular theory has three main ideas on organisations life-cycle: they are either growing, shrinking or stagnating. In the Accounting compliance world this is probably true, though with compliance sometimes it’s akin to watching paint dry. A bit boring, but it’s bread and butter for thousands of Australian accountants. So what about your Outsourcing partner, should they also be under the …
