27

Feb 2020

Design-Metrics-to-Measure-your-Australian-Accounting-Outsourcing-Performance

Design Metrics to Measure your Australian Accounting Outsourcing Performance

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian compliance, Management Accounting, Outsourced Services, OUTSOURCING PERFORMANCE

When outsourcing accounting work to overseas has become a trend to many Australian accounting firms, measuring your outsourcing partner’s performance is important for your firm growth and to optimize the outsourcing benefits. In a previous article, we talked about the Guidelines to choose the right outsourcing partner. Metrics are useful for decision-making. Let’s design the metrics (Key Performance Indicators) to …

31

Jan 2020

Let’s-look-inside-the-current-Australian-accounting-compliance-Bots-and-the-hidden-offshore-processing-behind-the-scenes

Let’s look inside the current Australian accounting compliance Bots and the hidden offshore processing behind the scenes!

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian bookkeeping, Bots, compliance, offshore labour

With the rise of automation and AI in the Accounting industry, many accounting firms invest in cloud software packages. Cloud bookkeeping is becoming a standard for many businesses enabling them access to accounting information and management reports in real time. Indeed, AI / automation are the keys providing the processing speed that is required for the “real time” promise. But …

23

Jan 2020

Gen-Z-Accountants-What-are-the-challenges-for-Australian-employers-in-accounting-industry.jpg

Gen Z Accountants: What are the challenges for Australian employers in accounting industry?

By: Odyssey Outsourcing
Tags: ACCOUNTANTS, Accounting Firms, GEN Z, Outsourcing, RECRUITMENT

The entering of Gen Z into the workforce is changing the way the world turns, and that means Australian accounting firms and employers in the accounting industry are putting their focus on this young generation to recruit and retain top talent. However, Australian accounting firms may face many challenges in recruiting and training Gen Z accountants. Attracting and recruiting accounting …

16

Jan 2020

Automation-in-Australian-Outsourcing-Accounting-Risks-or-Opportunities-2

Automation in Australian Accounting: Risks or Opportunities?

By: Odyssey Uncategorised
Tags: Accounting Firms, Australian compliance, Automation, Cloud software, Outsourcing

Automation has been threatening thousands to millions of jobs with obsolescence, and accounting jobs are supposedly at the top of list. Indeed, there is no surprise here that accounting automation truly makes productivity improvements in Australian compliance services. Accounting software that automate processes have taken over many back-office functions in accounting services. Hence; Australian accounting firms who were charging their …

19

Dec 2019

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm

Key Criteria in Choosing a Right Australian Accounting Outsourcing Partner for your firm: Part 1 of 2 – Maximize Your Cost Efficiency

By: Odyssey Outsourcing
Tags: Accounting Firms, ad-hoc model, Australian Accountant, Cost, Outsourcing

During the festive season, many Australian accounting firms will close and thus not work on their compliance jobs. In order to reduce the burden of deadlines after the holiday, Australian accounting firms can choose a better solution: outsourcing. Indeed, most of outsourcing firms in Asia countries like Vietnam still process work during the Christmas and New Year season. However, it …

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 …

12

Jul 2018

Reliable

How to determine the reliability of your Australian compliance Outsourcing company

By: Odyssey Outsourcing
Tags: Accounting Firms, Compliance Work, Odyssey

So you are likely to be considering outsourcing your compliance work overseas, but with the hundreds of companies available, how do you determine which one is right for you? Certainly there are loads of offshore companies bombarding your email inbox, smashing your social media feeds, and attending various workshops and seminars. Leaving aside the fact that workshops and seminars operate …

14

Jun 2018

Why some Australian accounting firms can’t make outsourcing work

Why some Australian accounting firms can’t make outsourcing work

By: Odyssey Outsourcing
Tags: Accounting Firms, australian accounting

Last week we went through the history of Australian accounting outsourcing. 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 why some firms can’t …