List Of Benefits of Offshoring Your Business

In the past few months businesses around the globe are being impacted by economic difficulties brought on by the pandemic. A number of large corporations have been shut down and others are on the verge of collapse. If you run your own accounting business and are looking to cut costs and concentrate on adding value to work as well as your business’s growth You might want to think about offshoring.

Offshoring can be described as one of the “intelligent way to outsource” when you have an employee who is working for you , using your system and processes at a foreign site, typically in countries where labor costs are lower and the expertise needed are easily accessible. Practices in accounting that use offshore processes are make use of cloud accounting in conjunction with other technological. The practice forms part of the contemporary accounting practice.

What are the advantages of Offshoring?

• Lower Cost and Business Growth

The lower cost base will allow you to provide your clients with better , as you’re able to employ more employees than you would otherwise not be in a position to. It improves your performance and lets you grow your business at a reasonable cost.

• Straight Access to Your Offshore Tea

Contrary to outsourcing the work in which you don’t have direct contact with the individuals who carry out the work for you, when offshoring through Fin-eX Outsourcing, you’ll always be able to contact your team members. You are able to communicate with them anytime during working hours via your personal accountancy practice communications platforms such as Teams Slack, Slack, Zoom and more.

• Control

Offshoring lets you hire team members to are solely working for you. despite their distance, you retain the ability to control what they do or how you would like to conduct business according to your procedures and procedures. You can give them instructions and they implement the system you’d like and everything is completed in your own way. What’s wonderful about outsourcing using Fin-eX Outsourcing is we don’t only provide you with team members, we assist to make it happen. You can request that the team member you choose to contact your clients directly via email, VOIP telephone or video conference calls The choice is yours. They can help you get the information needed to complete tasks such as VAT Returns, accounting, and bookkeeping. This requires many hours and is something traditional outsourcing cannot assist with due to the fact that it’s direct contact with clients. You are in control of the tasks you wish your accounting team offshore to accomplish and how.

• Time Flexibility/Availability

We manage the recruitment and screening so that it is not necessary to bother with it. It can be difficult to find team members from the USA who are suitable to fill the position you’re looking for due to the shortage of manpower. With us, you’ll not have to delay this. We can have people available for you in 90 days or shorter because applicants do not stay around for long.

If you want to know more about how we can help you create an offshore accounting team for you, please do reach us at +1 206 453 0015  or email us at askus@finexcoutsourcing.com. We’ll be happy to talk to you about offshoring.