It has been 60 years since we’ve started referring to the world as a global village, but nothing has really made “the time to cease and space to vanish” as the Covid-19 pandemic.

Half a century since we’ve been exposed to mass media, the internet, many disruptive technologies, and advanced software solutions, still nothing has made us believe that we can work as professionally and dedicated from home or cafeteria, as the very pandemic did.

Fast forward to today, we have changed “9to5 jobs” to working remotely, hybrid, or whatever way suitable to the employees. It has been proven to us that what matters most is knowledge and time management, rather than working from an office in the company. The trust in talents and services outside our offices has massively increased. Thus, many business departments have been reshaped, reevaluated, and outsourced. And many services indeed have proven to be even more efficient when subcontracted. Accounting is among the top of them, following HR and IT services.

And while outsourced accounting has been on the market for decades now, it seems like now it gains more trust and confidence from the clients. Why?

1. 1. It reduces costs. With the economic crisis ahead of us, it has become utterly important to many companies to reduce their costs as much as possible. And while it takes time and money to hire and educate a person to be in charge of accounting services at your company, there are many skilled accounting experts out there dedicated only to these processes and nothing more.
2. 2. Gain access to better talent. Outsourced accounting services mean access to more than one expert on the topic. The diversity of knowledge they are exposed to, makes them understand the finance records and trends better and more accurately. Not to mention that, in order to stay competitive, they always invest in training and building up skills and expertise.
3. 3. Address staffing issues and labor shortages. Why embark on a long and sometimes hard hiring process, when there are skilled experts out there dedicated to accounting services only? It is time-consuming and at times, a failed mission. After all, what better expert is out there than the one educated and already skilled in all accounting processes that your business needs?
4. 4. Gain access to better technology. Technology has advanced so much that now there are different technology solutions even for the smallest possible service in the world. And as every business is on the lookout for the best software solutions in their niche, who can provide the best accounting technology solution other than the very accounting company itself? They tend to provide easy access, cloud-based technology, and all times access to numbers and records for their clients.
5. 5. Improve processes and productivity. The moment you know you have a pool of experts taking care of your finances, you are free to dedicate yourself to the most important processes to make your business run smoothly and successfully. Instead of managing the numbers, you’ll have all the time needed to scale up your business.
6. 6. Reduce risks associated with ineffective in-house processes. Being an accountant in a company usually means that you have to jog around with other activities similar to and close to the accounting services. That kind of diversity can increase the possibility of human errors, which in the end can be costly for the company itself.
7. 7. Re-assign employees to higher-value activities. Instead of being interrupted by the repetitive and time-consuming tasks the accounting department is looking for, your employees can be fully dedicated to the operations and tasks more efficiently and systematically.

Now, if you are on the lookout for outsourced accounting services we are the right people to trust. With over a decade of experience, we are here to make your accounting records accurate and precise.

It is as simple as the great Peter Drucker said it: do what you do the best, and outsource the rest!