Outsourcing opportunities in the accounting and audit sector have seen a significant growth in the last decade. While a lot of accounting and audit firms in Australia have found greater independence through outsourcing, a majority are still reluctant on the subject. Today, we would like to debunk a few myths surrounding outsourcing.
Myth 1: Outsourcing is not for smaller firms
Fact: The truth is start-ups and small-medium enterprises can also gain benefits on outsourcing. Say, a business might have a limited staff, so instead of recruiting and training the new workforce, it can simply outsource the job and thus increase productivity and efficiency.
At Super Records, we believe no job is too small. We are a specialist in the SMSF and accounting sector and provide accounting firms flexible and reliable solutions to help you focus on your core business.
Myth 2: Most companies outsource to cut costs
FACT: Cost reductions definitely is one of the reasons but not the only one. Some of the other reasons why companies outsource is to save time and get qualified and experienced internal staff they didn’t have access to earlier. Outsourcing can also help you focus on your core business and improve overall profitability and efficiency.
At Super Records, we offer accounting and audit firms multiple outsourcing benefits such as a cost-effective pricing structure, high quality of work and quick turnaround times. Thus, firms don’t have to spend time recruiting or training new employees.
Myth 3: Outsourcing means compromising on quality
FACT: Outsourcing partnerships have gained popularity in recent years because of their ability to offer cost-effective solutions without compromising on the quality of work. It is vital to conduct a thorough evaluation to identify an outsourcing partner that best fits your needs.
We have a highly experienced and qualified team of auditors and accountants that undergo rigorous training programmes to ensure they deliver high quality of work consistently.
Myth 4: Outsourcing poses security risk
FACT: An experienced outsourcing firms understands the importance of data security. Especially so in the accounting and audit industry, where client data is extremely sensitive.
At Super Records, we take security seriously. We are ISO 27001-certified, this means our offices and systems are on par with international best practice for information security management. Our secure delivery centre is equipped with the latest technology, infrastructure and dedicated technical staff to ensure our working environment has complete reliability and security for our clients’ data.
Myth 5: With outsourcing, I might lose control of my business
FACT: Some businessmen are hesitant to outsource because they might lose control of the business in the future but, that it not the case. A client and outsourcing provider has a written commitment to fulfill the needs of both parties.
The key point of difference of outsourcing with Super Records is that, your firm will maintain the control as we are a service provider to you. Simply think of us like an extension to your team.
If you would like to try out outsourcing or would like to talk to Super Records about your requirements, give us a call on 1800 27 87 27.