09

Jan 2020

Commoditisation in Australian outsourcing accounting services: Only the strongest systems can survive

Commoditisation in Australian Outsourcing Accounting Services: Only the Strongest Systems Can Survive

By: Odyssey Outsourcing
Tags: australian accounting, Automation, commoditization of compliance, Outsourcing, systemisation

Whether you’ve joined the movement or not, it’s no doubt that the Australian tax and accounting industry keeps moving into more automation. As a result, there are surely big box accounting services providers that have “commoditised” their basic set of services such as bookkeeping, superannuation and taxes. Small and large businesses can find these services from a variety of providers.  …

26

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 2 of 2 – Systemisation and Data Security

By: Odyssey Outsourcing
Tags: australian accounting, Data security, outsourcery management system, Outsourcing, systemisation

Prior to checking this post out, this week blog will keep identifying the main factors that Australian Accounting firms should consider when choosing a right outsourcing partner. Systemisation in Australian accounting outsourcing operation In the outsourcing accounting industry, technology plays an important part to help collaboration across borders with language or time zone difference and leads to higher productivity and …

12

Dec 2019

Australian Accounting Revolutio-Free your team up for better advisory services

Australian Accounting Revolution: Free your team up for better advisory services

By: Odyssey Outsourcing
Tags: ACCOUNTING ADVISORY, australian accounting, Australian compliance, Outsourced Services, tax services

In the recent years, the Australian accounting industry has been experiencing a significant movement from accounting compliance to accounting advisory. Nowadays, Australian SMEs are not only looking for an accounting firm that can help them on compliance work. Yet they also need a true advisor who can give them strategic guidance in financial reporting and taking better decisions for their …

05

Dec 2019

Australian Accountants A Bigger Plan for your Accounting firm in the Upcoming Era of Automation

Australian Accountants: A Bigger Plan for your Accounting firm in the Upcoming Era of Automation

By: Odyssey Outsourcing
Tags: artificial intelligence, australian accounting, Automation, cloud, Outsourcing

The accounting industry has achieved massive cloud penetration and the laggards or those who will never adopt, will be forced to leave the market. Following this market trend, Odyssey has been converting into the cloud since 2013 and kept upgrading our system to maximize our services efficiency. Many Australian accounting firms are willing to pay more for their bookkeeping platforms …

28

Nov 2019

how-outsourcing-services-bring-value-to-australian-accounting-firms

How Outsourcing Services Bring Value to Australian Accounting Firms

By: Odyssey Outsourcing
Tags: australian accounting, Australian bookkeeping, Cloud computing, cybersecurity, Outsourcing

In the past few years, the outsourced accounting industry has kept bringing a lot of values to Australian accounting firms. More and more accounting firms have begun to outsource much more complex jobs not only bookkeeping or data entry, but also tax return, SMSFs, etc. What are the major factors that have driven the high demands of outsourced services in …

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 …

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 …

07

Jun 2018

The history of Australian accounting outsourcing, and why finding quality providers is hard

The history of Australian accounting outsourcing, and why finding quality providers is hard

By: Odyssey Outsourcing
Tags: australian accounting, History of outsourcing, Odyssey

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 …

30

Nov 2017

2017 Good, Bad, Ugly Poll Results Analysis

2017 Good, Bad, Ugly Poll Results Analysis

By: Odyssey Publication
Tags: australian accounting, good bad ugly, Outsourcing

This year’s Good, Bad & Ugly Insight poll has recently been released. The 2017 poll generated data on rates and pricing across Australian Accounting firms, which paints a generally optimistic future of how Australian accountants see the year ahead. The impacts on and challenges to the industry seem to be both evolving and staying the same. For the fourth consecutive year …