The Hybrid work model
A hybrid work team is made up of people in different locations who rely on communications technology such as email, voice and video conferencing to collaborate.
It allows employees to manage their work and personal lives more flexibly and gives them the opportunity to interact with colleagues around the world.
But there can be issues in communication and getting the most productivity from the hybrid model
Challenges to Remote/Hybrid working model
-
Digital Communication
The most important aspect of any working model is the communication between the accounting practice and their outsourcing partner.
The mode of communication is important. These issues can easily be resolved through various tools that are now available, such as:
Zoom, Microsoft teams, google drive, business drop box etc
-
Staff Training
It is imperative to understand the effective protocols in place to help with the process efficiency of the system. In short, the inhouse staff that is the main focal point for the work being outsourced need to identify timelines and escalate urgent work.
-
Data Security
Data security is always a big concern. An accounting firm needs to identify an outsourcing partner with a good track record and compliance to various data protection acts.
How the data is transferred is also important.
The data may be accessed by the processor through either
How It Works
The data transfer to Fin-eX is easy at a very high speed and in real time. We have a dedicated secured server in place which ensures top of the line data security.
| Secure Data Sharing | Remote Access Based Solution |
| Scan & Upload
Your Practice either Scans or uploads files, checklist and documents to our secure portal. |
All Remote Access
We log in to your system using secure software like VPN/Citrix. |
| Download
Our team records all source items to our secure system. |
Process
Our team records all source items to our secure system. |
| Process
Our teams of Qualified accountants process the jobs and keep you posted about the delivery schedule. |
Review
All the jobs under go two level reviews by an account manager and an assurance team. |
| Review
All the jobs under go two level reviews by an account manager and an assurance team. |
Deliver
You are notified when work is completed and final output files e.g working papers, accounts, tax returns for review |
| Deliver
You are notified when work is completed along with the output files. |
To ensure your data is secure Fin-eX uses the following security protocols.
| Adherence to
UK Data Protection act 1 998 |
Monitored
Web Access & Firewall Defense |
Biometric
System |
Secure Client
Login ISO 27001 |
| Secure
Internet Access |
Dedicated
Teams
|
24/7 Security
at entry points |
Certified
Practice |
Cloud Software
Investing in a good cloud based accounting software such as Xero or QuickBooks. These can easily be linked to other applications and software’s to streamline the work processes.
-
Capacity Building
One key reason of outsourcing you accounting work is to focus on clients and growth. For this you need to hire an outsourcing partner that not only has trained staff that has certified qualifications such as ACCA, ACA, CIMA etc but can expand their staff and capacity with your requirements.
The Mental Side
It is important to have a work life balance.
It is found on various surveys that accounting is a stressful occupation. With the hybrid working model and an outsourcer that knows how to get things done, you can keep the stress away.
And it comes with benefits Fin-eX Outsourcing Your partner in growth
The best quality service at the most competitive rates.
Fin-eX offers outsourcing solutions to various accounting firms, accountants in practice and businesses. Our clientele includes five of the top 20 Accountancy firms *. We are the go-to outsourcer for many general practices that are looking to grow with less hassle. Fin-eX is also one of the few GDPR compliant accounting outsourcing firms.
What you get with Fin-eX?
Guaranteed Cost Saving
Experienced & Quality Staff
We have professionally qualified staff. Our staff’s qualifications are ACCA, ICAEW, CIMA and MBAs to name a few.
Infrastructure & Data Protection
We have a dedicated office, high-speed internet access, and internal security protocols to protect your data as well as give you a high-speed service.
Speed And precision
Timely access to accurate and credible information is essential for executives to take the right actions in the highly competitive financial industry.
Did you know
Our highly trained ACA, ACCA and CPA designated team delivers ~100,000 hours per annum in outsourcing services globally. We are currently serving 25 Accounting Firms with Avg. 3,000 – 5,000 clients each. Our team has also processed and filed over 7,500 tax returns last year.
Test us! – We Give 10 Hours of no obligation service!
Why? Because we are confident once you see our work , there is no going back.
5 Basic Principles of making the Hybrid Model Work
- Get the team together physically early-on.
- Clarify tasks and processes, not just goals and roles.
- Leverage the best communication technologies
- Clarify and track commitments.
- Review and Correct
