You might be a lean startup or an established SME who is
looking out to outsource IT, ITES or accounting services and build an offshore
team to handle your requirements. Choosing the right outsourcing partner can be
one of the most difficult tasks that organizations face today. And when it
comes to selecting an outsourcing partner for managing bookkeeping and
accounting services, then one needs to be more precisionist and look for one
who has "an experienced team that provides up to date financial information
close to real time bases, transforming processes, as well as providing cost
saving. Here’s a plan – few very useful tips - to help you choosing a right
outsourced finance and accounting provider.
Cost-effective & efficient:
Outsourcing
solves the need to control and reduce cost. When carried out properly and done
with the right outsourcing company, your business will reap the benefits
greatly. No doubt the foremost factor to outsource your account management
could be save your cost. Select wisely, it should be cost effective but not at
the cost of efficiency and quality too.
Quality of Service
Quality is
probably the next big thing to consider after costs. As they say, you get what
you pay for. The cost may be cheap but quality should not be sacrificed. The
decision in this case may be influenced by choosing which tasks to outsource.
If an outsourcing company has an abundance of skilled workers in a field that
your company lacks, might as well grab the deal for that task.
Check for proven track records
Find out more about the experience of your
outsource partner, the different types of clients that they have serviced and
the number of projects that they have completed. Find out if your offshore
partner has experience in delivering the required services at the scale of your
business needs. Make sure that your outsourcing partner understands your
organization and your employees.
Ask for references
Just do not
read testimonials and accept them to be true. Go a step further and ask for
references / client’s details. Speak to them to know more about the quality of
service and timely deliveries. You will also be able to get more information
about issues such as, responsibility and turnaround time. Talking to their
clients directly can give you first-hand information.
A
solid technical platform
A robust
technical platform is essential for delivering high quality services. Look for
a financial outsourcing t partner who can works with your preferred softwares
like Sage, Quick Books, Xero, Kashflow, etc.
Look at the different outsourcing partners and weigh the
pros and cons before signing the deal. Find the right people to deliver real
solutions to help you grow your business. Choose a Partner that Understands
Your Business
Author: Sachin Lohade is a Chartered Accountant and works
with Accounting Firms to improve practice and reduce costs. He can be reached
out at sachin@corientbs.com or you can visit www.corientbs.co.uk
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