16

Apr 2020

Accounting Compliance firms valuation drops in the face of SME closures

By: Odyssey Outsourcing
Tags: Accounting Firms, Australian compliance, COVID19, systemisation, valuation

I was speaking to an accountant who has a business assisting accounting firms get their practices ready for sale, usually when they are retiring. He assists both buyers and sellers. Basically the premise of valuation of an accounting firm is a multiple of the annual revenue, with individual returns having a lower multiple than other “stickier” clients. There’s a lot …

06

Feb 2020

Guidelines-to-qualify-BPO-service-provider-for-Australian-Accounting-firms

Guidelines to qualify BPO service providers for Australian Accounting firms

By: Odyssey Outsourcing
Tags: australian accounting, BPO, Compliance Work, Outsourcing, systemisation

There is no doubt that outsourcing has become the mainstream for Australian accounting firms to achieve high performance and productivity for their services at lower costs. Searching for a qualified outsourcing partners for your accounting business requires a big effort. Let us show you a quick start guide of what to look at when selecting BPO service providers. How long …

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 …