Outsourcing Accounting Online to India
“In the long run, outsourcing is another form of trade that benefits the US economy by giving us cheaper ways to do things.” - Janet Yellen, Chief Economist to President Bill Clinton, Wall Street Journal
35% of UK's Largest Businesses Outsource Accounting
Because of new technology advances you now have the same alternative as Fortune 500 firms, no matter how small or large you are. Outsourcing grants businesses the freedom to dump non–core, yet important sectors of its administration on companies specializing in those very individual aspects. Outsourcing online is an option that offers services at a much, much lower rate but with a highly productive mass work force.
CPA firms and Small Businesses are discovering that outsourcing accounting online saves payroll, overhead cost and it's a giant step in freeing up valuable time.
As a business owner your time is best spent doing what you do well - working with customers. Time spent on bookkeeping problems add little or no value to your customer relationship. To remain competitive, it is imperative that a company rethinks its strategies, take a hard look at where they are creating value for their customers, then focus on those processes.
The most successful businesses of today have gone to online outsourcing and now have time and money to spend on differentiating themselves in the marketplace. If you are looking for ways to reduce overhead and focus on your core business, now is the perfect time to make the switch to outsourced accounting.
Outsourcing - Some Remarkable Facts !
In a recent Accenture survey of more than 800 companies in the US and Europe, 86% of the companies said outsourcing gives them more control over business results in a variety of critical areas, the most important being the ability to plan. While cost-cutting is among these key areas, the executives also reported equal levels of control in reliability, cost variability improvements and effective implementation of ideas.
Furthermore, 55% of respondents said outsourcing allows their companies to implement strategies and change at a faster and more controlled rate.
Outsourcing has been declared as a life saver for the many accounting firms. Accounting outsourcing has almost become mandatory for all those accounting firms who want to pay attention to increasing their profits. The idea of accounting outsourcing has been developed to lessen the burden of accounting firms, so that they can manage their peak season tasks well.
Accounting outsourcing is being favored by a large number of accounting firms today. The outsourcing services helps such companies manage their work well. As the total cost for managing the accounting work by outsourcing firm is far lesser than hiring in-house staff, almost every company is making accounting outsourcing a part of its long-term sustainable business model.
Key Benefits of Online Accounting Outsourcing
The most common reasons management chooses to outsource accounting services are to reduce operating costs, improve company focus, improve quality, free up capital, increase capabilities not otherwise available and to reduce cycle time.
By outsourcing your accounting your company could:
Focus on Core Business. Off-load non-core functions
Get access to World-class technology at lower rates
Get Skilled manpower at affordable prices. Cost savings of 50% or more!
Increase customer satisfaction. Improve speed and service.
India - World's Leading Outsourcing Destination
India is a talent-rich country that exports software to more than 95 countries around the world. India has a mature outsourcing industry with world-class systems and quality. Not only does India offer technological edge, flexibility, time-to-market and a competitive advantage, it also offers world-class infrastructure and numerous incentives for foreign investments.
India is fast becoming a major outsourcing center of the world. With the rapid growth of the industry there has been a distinct increase in the opportunities in outsourcing jobs in India
According to McKinsey, India has the potential to process 30% of US transactions by 2010. Currently Indian BPOs are handling 8% of all US transactions. Indian service providers provide cost effective quality solutions. the most important advantage by outsourcing bookkeeping Services is that you can save the wages, payroll taxes, fringe benefits, worker’s compensation insurance, employee training and management, accounting software, office space and other costs associated with an in-house employee. Your costs could be reduced by up to 60%!
Why Should You Choose Our Accounting Outsourcing Firm ?
Here are the top 7 reasons to outsource your bookkeeping to us. If you're still not convinced, read the detailed descriptions on how to benefit from using our services.
Plain and simple, we offer higher quality bookkeeping, make it fast by working in the night, and are cost effective.
Available Full Time
Companies that have an in-house bookkeeper find that problems may occur when the employee works part time, calls in sick, or even leaves the company on short notice. Outsourcing with us, you get full-time, reliable, professional online accounting service.
Continuous work cycle: information scanned/faxed one day is processed overnight. See How outsourcing Works for more information on how the process works.
Off Load Non-Core Function
Accounting is one of the easiest business functions for a company to outsource. The efficiency of outsourced accounting services means that companies no longer need back-office accountants working at their location. This frees up space in your office so that a cost center (accounting) turns into a profit center (another sales person, estimator, attorney, etc.)
High Quality Bookkeeping
Our clients are handled by a team of accounting professionals that have a level of expertise not normally found in small businesses. Our teams comprise of an Indian CPA Manager, Accounting or Bookkeeping Specialist and a Customer Support Contact who are trained and experienced at providing Managed accounting services. Your team is only a phone call, instant message, or e-mail away to provide prompt and accurate service.
Reduced Operating Cost
Managed accounting with us is cost efficient. You get a dedicated team for similar or less than what it would normally cost to hire one in-house employee.
Not only do you save on salary but also you have no overhead, management, hiring or training cost when using an outsourced service. The overall savings can be up to 50%. Hidden costs of hiring an employee begins with paying for a classified ad, or even paying an agency to find someone. Next come the additional payroll taxes, an office space and computer and sometimes, benefits. All of these costs are not applicable when you use our services.
Outsourcing Accounting Online - A Powerful Business Strategy !
“Only 5% of the global population lives in the US. That means that 95% of our potential market is outside the US. We need to stay engaged with the rest of the world, to keep those markets opened to our farmers, our service industry and our manufacturers – to businesses like yours.” - Treasury Secretary John Snow, Speech to the Cincinnati Businesses
For 20 years Fortune 500 companies have used outsourcing as a strategy. At last you, too, can tap into reduced overhead and focused sales efforts just like they do.
Begin by asking this question -