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Showing posts from September, 2018

Five challenges to overcome when outsourcing accountancy

Outsourcing accountancy services can be very helpful for companies and even to the extent of saving money on projects. As a company, you would need to have them adapt to your needs, which is one of those challenges. Other challenges include language and communication, staff unavailability and overstretched responsibilities, finding the right skill verses hiring a generalist, and whether you need a platform or should you use theirs. 1. Adapting to your needs as client: Any outsourced team will struggle with aligning and adapting to your needs and the time taken to familiarize with your staff, processes and practices may vary from one team to another.  2. Language and communication: Language barrier is not the most pressing problem for accountants being outsourced today because by the time you outsource, you will have identified the right firm that serves you as per needs. But without good planning, you might end up with misinterpretation of facts or a lack of alignment between request

Five Challenges To Overcome When Outsourcing Accountancy

Outsourcing accountancy services can be very helpful for companies and even to the extent of saving money on projects. As a company, you would need to have them adapt to your needs, which is one of those challenges. Other challenges include language and communication, staff unavailability and overstretched responsibilities, finding the right skill verses hiring a generalist, and whether you need a platform or should you use theirs.   1. Adapting to your needs as client: Any outsourced team will struggle with aligning and adapting to your needs and the time taken to familiarize with your staff, processes and practices may vary from one team to another.   2. Language and communication: Language barrier is not the most pressing problem for accountants being outsourced today because by the time you outsource, you will have identified the right firm that serves you as per needs. But without good planning, you might end up with misinterpretation of facts or a lack of alignment between r