Now more than ever, it is important to make sure your business is optimized for efficiency and accuracy. Optimizing your back-office accounting functions is critical to keep your business going. You’ll know you’re in good shape costs are low, tasks get done on time every time, and the business isn’t being held back by accounting and bookkeeping bottlenecks.
If that is not yet the case at your business, it’s time to look into outsourcing as a means to address some of your challenges. Let’s look at four of the reasons you might want to consider this alternative to in-house accounting.
Don’t miss a beat when employees leave
What will happen if your bookkeeper or controller gets sick, gives notice, or you must consider layoffs? One of the main reasons businesses move to an outsourcing model is to protect against this all-too-common scenario.
Yes, you can fill open positions…eventually. But what will you do in the meantime, and can you be sure that the new employee will be able to get up to speed quickly enough? Outsourcing protects you against these situations, ensuring that you will always be able to count on experienced experts who know your business.
Adapt your business whenever and however you want
If your business experiences major operational changes, layoffs, or merges with another operation, the burden on your back-office accounting functions will increase, often dramatically.
By outsourcing, you can meet your increasing and shifting business needs as they arise. Instead of worrying about hiring and training new employees, you can stay focused on growing your business, knowing that your accounting services will scale as needed to meet your needs.
Integrate the latest tech innovations
The best outsourcing firms will use the latest technologies to support your business, so you get all the benefits of those innovations without having to purchase them yourself. For instance, many firms use high-powered ERP software like Sage Intacct or another cloud-based accounting software solution, to automate routine accounting tasks, streamline reporting, and create more efficient workflows overall.
Take advantage of the cloud
Cloud accounting solutions provide immediate access to real-time data that can be accessed securely from anywhere, at any time. That means you can view real-time reports from your home office and discuss them with an outsourcing firm that’s looking at the same report. Collaboration has never been this easy!
Insero & Co. is a public accounting firm with decades of experience working with small, mid-size, and large businesses. Our experts deliver customized consulting services, including serving as an extension of our clients’ accounting departments and filling specific positions to meet immediate needs.