May 17th, 2012
Obviously, when it comes to high-end calculation, accounting firms do it on a regular basis. However, you’ll need to focus on more than just that if you’re thinking of outsourcing.
But first off, plenty of companies have already decided on it (e.g. Australia). You may have even heard of some who don’t just do it for the low costs. The low costs enable them to pursue other opportunities. On the other hand, this growing trend in outsourcing also means that there are plenty of candidates out there already (not to mention, competitors may already picking up on it too).
With so many candidates and so many competitors, deciding on the right company to outsource is already a part of the whole race. A common mistake though is when you just look at the costs and weigh them against the benefits. You need to calculate for more than just that because not looking at what’s happening between the moment you pay the money to the resulting quality of information you have on an accounting prospect.
Sometimes the resulting information isn’t as well done as you expected when you carefully look into how the money circulates. That’s why you need to require a level of transparency. Another thing you should watch out for in your calculations is how it relates the business practices of your outsourced company.
Ethics are still an important role and there are laws to be followed. Don’t just hand over your money and then look away. Do even just a small bit of investigating beforehand. Pitting the costs of offshore against onshore outsourcing may be a hot topic when it comes to lead generation in Australia. Regardless, you do not want to be associated with a company that has shady means of distributing the money it earns.