Strategies of Outsourcing.

SMSF Outsourcing! This way, your Australian resources are not wasting time and can do more valuable work, like “changing lives” (per one firms tagline). Wasting hours writing off WIP each month or just doing different types of compliance (the possibilities are endless!).

SMSF outsourcing equals happier Australian staff.

That’s one strategy. Let's start with tactical outsourcing. Picture this: a firm finds itself in a bit of a pickle, struggling with specific problems left and right. Accountancy firms often face the very really problem of administering Self Managed Superannuation Funds. As someone who works in that area finding staff in Australia who enjoy coding up SMSFs is about as easy and as fun as herding cats. Been there, done that and wouldn't wish it on anyone! The staff thing, not the cats.

You start with SMSF outsourcing.

As time goes by and businesses cry out for more value from their outsourcing relationships, what you may want to change what you get assistance with. It's like upgrading from a rusty bicycle to a shiny, high-tech rocket ship or a new e-bike.

The important part is that instead of relinquishing control over the outsourced function, local staff gain a broader sense of control over all the functions within their area of responsibility. Control allows senior accountancy staff to focus on strategic aspects of their jobs, leaving the repetitive compliance tasks to outsourcing staff. It's kind of like having a personal army of administrative superheroes!

I've witnessed the scale of Deloitte's offshore hubs in Hyderabad, housing over 20,000 staff. I've guided accountancy firms in reshaping their internal procedures and processes, saving precious time both in Australia and offshore. Heck, I've even built an online accountancy firm with an Australian front, offshore staff, and a sprinkle of technological tools which meant I could do the work of 5 accountants. It's like creating a Frankenstein's monster, but the good kind, the efficient kind!

I am always happy to answer any questions on this topic or anything about outsourcing and what it can offer you and your accountancy firm.