|
|
 |
Substantial savings in an offshore
model is a corner stone that everyone is attracted towards.
|
|
| |
|
|
Here is a simple math to reflect
the savings that XpFinance offshore has the potentials to generate
to your business.
|
|
| |
|
|
| |
|
|
CASE Scenario:
|
|
| |
A growing CPA firm has all-inclusive 10
staffs operation. Of that there is a team of 5 professionals comprised
of junior, mid-level and senior accountants. It is assumed that
their annual salary on average is $50,000.00 and a total annual
workable hour is 2000 per person. Let’s compare this common
scenario to see what level of savings can be achieved through XpFinance.com
|
|
| |
Your
Inhouse Option |
|
Our
Promising outsource Offer |
|
Gross
Salary of 5 people @$50,000.00 Payroll Taxes including Social
Security, |
$
250,000.00 |
XpFinance will provide you the
alternative as follows: |
|
Medicare,
Federal and State Un- employment @10 % of Gross Salary |
$
25,000.00 |
A
total hours of =2000*5 = 10000 will be allocated to the client
work that will be delivered by a team of very competent staff
lead by a team lead that may be a CPA
|
|
Office
Supplies such as Pen, Paper, Computer, Network maintenance,
training etc. @ $150 per person per month |
$
9,000.00 |
Therefore, the total
cost will be
|
|
Other
Overhead such as Health Insurance, Paid Vacations, sick
leave,
rental of the office space etc. @ $1,500.00 per person per
month. |
$
90,000.00 |
|
|
GROSS
Total of Salary and all other Exp.
|
 |
=
11000*12 |
|
| Percentage |
|
|
|
|
|
|
|
This comparison results in a saving of
a staggering “65%, i.e; $242,000.00” If this saving percentage
is discounted by an additional 5%, it still leaves a net saving
of well above 65%.
|
|
| |
Does this comparison make sense to you? |
|
| |
If you aggregate these savings for a period
of 6 years, we are looking at a bottom line saving of more than $1.5
million. This is a wake up call for all
CPA firm to look beyond there 4 wall offices and utilize technology
and labor arbitrage synergy to better position there practice to next
level up.
|
|
|
|
|
No
hiring and no firing issues to handle |
|
No training and
staff attendance and management concern |
|
No overhead,
meaning trim cut organization with flexibility to move either
way |
|
The organization
resources set free can be used for various high level and
high paying work |
|
Streamlining
and improved work Flow process |
|
Quick retrieval
of electronic scan source documents to facilitate different
kinds of Financial Analysis |
|
Encouragement
to use the new technology geared more towards increasing
efficiency of each individual |
|
And finally,
how much value will you associate to your own time as firm
partner that now you got free by eliminating day to day
work supervision, and increasing focus on high level services
to your clients, meaning increase in $ flow. So it’s
a gain from both the ends, one savings on your existing
payroll and secondly being able to charge clients higher
$ amount by delivering high-end work. This is what XpFinance.com claims to deliver to your practice. Come and see what we
have to offer, click
here. |
|
|
|
