Outstanding services from offshore personnel
Until recently, gaining access to highly educated, low cost offshore labour remained the domain of large national and multi-national organizations such as PricewaterhouseCoopers, KPMG, Ernst & Young, and Deloitte to name a few. The common perception is that these corporate giants typically send only lower level transactional activities offshore.
In reality, many large businesses are sending highly sophisticated tasks offshore to take advantage of an enormous pool of highly educated, low cost labour. Key business functions and value added activities such as budgeting and forecasting, management accounting and tax return preparation are being sent offshore and businesses doing this are reaping huge strategic and financial benefits.
The primary concern of many Australian business owners is that of security and quality, and these issues have been addressed to a standard that exceeds most people’s expectations.
We offer you a complete range of tax and accounting services to both the private corporate sector and the public practice accounting firm sector (2nd tier down). For public practice accounting firms, our services include financial statement completion through to tax return preparation for your clients. For the private corporate sector our services begin at the daily financial record keeping level (AP, AR, payroll etc), month-end closing, preparation of monthly financial reports and analysis; in fact all tasks within the finance function of a business.
Through Access Accounting, the benefits of offshoring are now at the fingertips of all Australian accounting firms and corporations alike, whether in need of one employee or many.
Increase savings, improve outcomes and profit
Generally, the primary driver for offshoring tax and accounting services is to reduce cost. So what sort of savings should you expect? It is very likely that your savings will be as much as 50% compared to Australian based labour and in some cases may climb as high as 70%. This of course is highly dependant on the function being outsourced and your current cost structure.
There are other benefits to outsourcing offshore other than costs savings and they include such things as;
- Reduced employment commitment
- Reduced employment risk (Unfair, unlawful, discrimination, common law litigation)
- Turn semi-fixed costs (employment) into variable often on demand costs (services)
- Increase and decrease resources upon demand as client demands fluctuate
- Overcome skills shortages – high quality A Grade Australian finance staff are in short supply
