In a business scenario full of challenges and opportunities, the ability to make strategic decisions is the foundation for a company's lasting success. In this context, Outsourcing emerges as an effective strategy for companies, providing greater resources for their final activity.
Outsourcing activities that are not part of your main business processes (core business) is, in general, more economical. Discover the benefits of outsourcing accounting services for your company. Good reading!
What is outsourcing?
It is the hiring of third parties, by a company, for them to perform services, seeking to reduce costs and save resources, streamlining and reducing bureaucracy in the administrative process.
Outsourcing your company's accounting would be the same as hiring a company or accounting office to process the entries, but with the difference that these documents are forwarded to the contracted company and the accounting, tax and labor routines are processed there. and ancillary obligations.
Outsourcing objectives
In general, the fundamental objectives of outsourcing are:
- Greater efficiency, with the adjustment of the volume produced x return obtained in each phase of the production process, in order to achieve the ideal production volume in each stage, and outsourcing the stages that do not reach the minimum scale;
- Reach other potential customers in the market and not be restricted to serving the company's internal processes, through “focused units”, which are dedicated to the performance of an exclusive activity;
- Facilitate business management, reducing the quantity and diversity of activities for organizing production;
- Stamina to survive crises, given the ease and speed of canceling outsourced services, as opposed to the difficulty and slowness of disposing of assets;
- Reduce expenses through technological development partnerships between contracting and supplier companies;
- Cost reduction and better performance and quality control, given the reduction in the number of processes involved in production.
Advantages of outsourcing accounting services
With the growth of companies, constant technological innovations and new market demands, companies providing accounting services have begun to review the way they provide services to clients. They are dedicated both to executing services and providing advice and consultancy. to its customers, greatly differentiating itself from companies of the past.
Companies providing accounting services are not limited to just being a connection between the government and its taxpayers (individuals and legal entities). Among the various skills, they stand out for helping clients manage their employees, avoiding future conflicts and providing guidance on how to manage their businesses, aiming to provide management that makes it possible to take care of the health of their company, and can also provide consultancy services, personnel management , auditing, management consultancy, monetary update calculations and much more.
For these and other reasons we list the advantages of outsourcing accounting services:
- Focusing the company's business on its area of activity;
- Reduction of waste;
- Increased quality;
- Gains in flexibility;
- Increased service specialization;
- Increased training and professional development efforts;
- Greater agility in decisions;
- Lower cost;
- Greater profitability and growth;
- Optimization of services;
- Increased productivity and competitiveness;
- Reduction of the direct workforce;
- Expansion of the market for small and medium-sized companies;
- Possibility of growth without large investments;
- Economy of scale;
- Reduction of the risk of machine obsolescence during the recession.
Conclusion
There is a direct relationship between the volume of billing and the outsourcing of accounting services. It is a contemporary management tool and should be seen not only for its economic-financial aspect for the institution, but also as a solution to the institution's operational bottlenecks.
Outsourcing represents a benefit for the entrepreneur, as in this way, he focuses only on the company's main activities, leaving aside the administration and conduct of secondary tasks for the contracted company.
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Put accounting outsourcing into practice in your company. At ACGEST you can count on all these benefits and much more. Get in touch with us!