As Businesses and Accounting Firms work towards operating in a very rapidly changing environment following Covid-19, many are expected to outsource some of their work and reach better cost per client margins.

A recent survey conducted of over +1300 executives across 29 countries including the UK said that 45% of organizations will outsource more work in the next 12 to 18 months. Many sites security risk as a key challenge of managing this.

In this environment, the delivery of platform-enabled solutions at speed across the entire technology stack becomes even more important, it said. From cloud to networking, data centre to security and more, breadth and depth of capability are essential to recover and restore operations and position organizations strongly for the coming years.
One key to all these organizations is they want more than just a supplier.  And instead, look for true partners to help them do the smart things well. Service providers need to help them adapt now but also help them bounce back quickly when the business environment reignites.
Demand for expertise in cloud infrastructure outsourced to service providers is set to increase in 18 months to 77% while new product development will be the most common impact on IT decision making in the next 12 months.

Other findings of the survey include:

Reducing security risks is not only the biggest challenge faced by IT teams globally, it’s the top reason for service provider consideration

• 48% of business leaders already acknowledge a need to optimize the workplace environment
• Technical expertise is the number one driver for the selection of a service provider, with cloud infrastructure and security leading the demands
• Security was also rated the most important factor for supporting the business case for using a service provider.

Here Comes Fin-eX

In these challenging times, Accounting firms and Accountants in Practice are looking for a reputable firm that can not only help in reducing costs but bring an experienced team on board. Data security is and should also be a top priority in these difficult times.

Fin-eX is already helping over over +200 Accountants and Accounting Firms across the UK with their Outsourcing needs.

We are an ISO Certified and GDPR compliant Accounting Firm.

The ACCA and ICAEW approved employer certification also help as most of our staff are qualified accountants.