Rising costs and increased competition is forcing organizations to seek alternative ways and means to perform their core business tasks – outsourcing is the answer. This is also true for a tax and accounting service business.
Our outsourced tax and detail bookkeeping services can greatly improve your profitability while driving customer satisfaction to unprecedented new levels. You can also choose to pass on the cost savings to your customers to improve the percentage of your customer retention. We help you achieve between 30% to 50% cost savings because of our hybrid model of performing your work on an onshore-offshore model.
Offshoring to gain the competitive advantage is no more a choice but a business necessity. According to the latest research, Finance and Accounting BPO has surpassed dramatically the $10 Billion annual mark. Many CPA firms have also embarked upon this trend. According to latest reports nearly 20 percent of all US tax preparation work is now performed in some form of an outsourced work model. We want your CPA firm to take advantage of this trend; contact XpFinance today.
Do you have any plan to take advantage of this opportunity? XpFinance provides the unique leverage that can be very well integrated in your current practice and increase your profitability. We provide you the platform – the strong backend infrastructures. By virtue of this you can obtain can obtain the same advantage large Fortune companies have been reaping since the past 10 years.
Cost saving is one of the driving factor, but not the sole denominator in the current outsourcing trend of Accounting and Finance work. Quality of data, Timeliness, Improved WorkFlow, Financial Analysis Trail, Electronic Document management and many other factors has also contributed significantly to this trend.
“Outsourcing provided greater process transparency, an important factor to meet the new US Sarbanes- Oxley Act. Outsourcing provides more free time to focus on activities such as corporate strategy and higher level decision making.”
Having made the decision to outsource, the key considerations in selecting the right outsourced partner are:
Company’s
domain expertise – Does the offshore partner have the right domain expertise and capability to deliver the underlying promises. It also demands the existence of established procedure.
Continued
Relationship – Outsourcing isn’t a one-time event; it’s an ongoing relationship. Both the parties need to have the drive and willingness for ongoing relationship.
Dedication-
Does the vendor have established procedure to dedicate a team to the onshore client, so as to ensure speedy and smooth knowledge transfer in both directions.
Communications
– Both the parties need to understand the expectation and responsibilities of the other to communicate effectively.
XpFinance has these capabilities to help your business; contact us today
