Our CEO David Carter has led the Odyssey in outsourcing to over 1,000 Australian accounting firms over the past 15 years, and Odyssey has completed in excess of 250,000 Australian returns. So we feel we have enough depth and breadth to talk a bit about the history of Australian accounting outsourcing. Going back to the year dot, when Australian accounting …
What Australian accounting directors fear most about Outsourcing…
We recently had a group of Australian accounting directors confide in us their top 12 outsourcing fears. As conveyed to Odyssey, here are the top 12: 1. Ethical issues. Is there going to be a lack of support from other directors, staff, and customers. Are any of these parties worried about jobs moving offshore. Will this lead to motivational issues, …
Will the rise of the Gig economy hit Australian compliance, or outsourcing?
It was interesting to note the Australian economists remarking on the Australian economy earlier this year note that in January there was a 16k increase in employment consisting of a 50k drop in full-time employment and a 66k increase in part-time work. At that time the economists were estimating a 20k increase in employment. It’s interesting to think further on …
The (Accounting) Outsourcing/Offshoring.. Firm of the Future…Part 2.
With the competition for offshoring and outsourcing heating up, we thought it might be a good time to look at the future of offshoring and outsourcing. Last week we look at the trends we believe will impact the future of work completed offshore. Taking these trends into account, we put down our thoughts on what these trends actually mean for …
The (Accounting) Outsourcing/Offshoring.. Firm of the Future…Part 1
With the competition for offshoring and outsourcing heating up, we thought it might be a good time to look at the future of offshoring and outsourcing. In looking at the firm of the future, there are several obvious recent trends that will impact the future of work completed offshore. Amongst these trends are: Mobility of workforce. Previously many foreign students …
Offshoring is Bloody hard
We spoke to an accounting firm and they were talking to us about their experience in the Philippines. They were talking to the Odyssey as they were having a person going on maternity leave and wanted something initially temporary in place, but it might grow to be full time. They’d hear about the Odyssey at a conference last year from …
What Australian accountants are really thinking about Outsourcing
Outsourcing has been in the news recently, and online comments on what Australian accountants are thinking about outsourcing are quite enlightening. So what are they actually thinking? Trolling through some Australian online sites, we’ve found some interesting comments. Australian accountants are: concerned about the impact of outsourcing have seen poor work quality Have concerns that the foreign worker does not …
Mediocrity and the offshore worker
There is a large amount of Australian compliance work being done overseas, and recently there have been cheaper “offshore” offerings by labour hire firms. These labour hire firms tend to offer a controlled offering, which seems to be accepted in line with the traditional business model some accountants understand and prefer. Newer accounting business model adoptees are ok with the …
2018 – the year to bring Bookkeeping back inhouse, and outsourced.
Bookkeeping has been on the backburner for quite some time. A lot of accountants have been focused on the complexity of compliance, the cloud, digitization, and automation. At the same time, there’s been a battle in the SMSF arena as the competition heats up, and not just between accountants who have been outsourcing overseas, but also with newcomers in the …
The Top 9 reasons why your Accounting firm probably isn’t Outsourcing
As you’ve probably seen from our blog postings, there are plenty of benefits of outsourcing accounting and tax compliance. However, we’ve also seen a lot of people come up with excuses as to why accounting outsourcing won’t work for their firm. So we thought this week we’d give you the “Best of the Best” excuses about why people haven’t gone …