Frequently Asked Questions
There are both direct and indirect cost savings to be had when outsourcing. An outsourced full-time equivalent (FTE) costs up to 50% less than an onsite employee, including their payroll cost, healthcare and other benefits, equipment cost, and more; you are saving money indirectly by implementing an outsourced model that streamlines operational and reporting processes. Your management cost can also be decreased as the resource will be managed by your outsourced partner. This benefits management and key stakeholders with more time to focus on supporting and driving business growth. When you outsource, you pay for only the services you need for your organisation.
To enjoy significant cost savings, it is crucial; your provider produces a detailed transition management plan, so when you go live, everything is set up and ready to go.
You should consider it immediately, as soon as you set up your business. Transitioning to an outsourced model can be quick and seamless with the right provider. If you have not considered yet, you don’t need to rush into anything; you don’t need to outsource all your accounting functions straight away; you can outsource some or all your accounting functions at various stages through the contract.
Our team comprise of individuals who are qualified Certified Public Accountants, Chartered Accountants, and staff accountants with varied degree of experience level. We assign team of these individuals to our clients based on clients’ specific requirements.
Outsourcing is a process where you delegate your company’s certain set of tasks and responsibilities to outside service provider so that those tasks could be done in a timely manner and you can continue to focus on your core business.
