The Do's & Don'ts Of Hiring Offshore Outsourcing Agency
Most CPA and accounting firms that want to outsource search for a well-established outsourced firm. When it comes to picking an outsourcing agency, however, it is always a difficult decision to make because most outsourcing companies provide comparable services. The quality of the services they provide is what sets them apart from one another.
Before you decide to outsource your accounting activities, make sure you consider the following factors. Having a check list prepared ahead of time may be beneficial and keep you prepared on what to anticipate and what not to expect.
As a result, we've compiled a list of dos and don'ts to keep in mind while hiring an offshore agency.
The list of Do’s:
~ Make a list of all the outsourcing firms that are available and narrow them down based on your needs.
~ Conduct online research on the companies that have been short-listed. Check out the feedback from past customers.
~ Attempt to locate your outsourced firm on numerous internet platforms and validate its existence.
~ Examine the company's website for information on its previous experience, as well as the number of clients served and projects completed.
~ Discuss all of your requirements and what you expect them do.
~ Opt for a free trial if your company provides one.
~ Decide when and how often the team will communicate, as well as the channel they will utilise. Slack, Microsoft Teams, Zoom, and Emails are some of the top and most dependable communication methods we use at Stanfox.
~ Assess certifications such as Quick Books and Xero Certifications to ensure that your offshore partner is legitimate and professional in their industry.
~ Assess certifications such as Quick Books and Xero Certifications to ensure that your offshore partner is legitimate and professional in their industry.
Fact: Intuit QuickBooks is the most common Software used in the US; more than 70% of business owners are familiar with QuickBooks.
~ Get into a contract with the offshore agency so that it becomes official and your offshore firm can’t backout in the middle.
~ Discuss the payment methods and disburse the payment only after the task is done.
The list of Don’ts:
~ Don't make the error of failing to properly define the project's goals.
~ Don't put your complete confidence in a freshly formed firm.
~ Don't compromise on your research.
~ Pay as you go rather than making a complete payment in advance.
~ Make sure you don't make the mistake of keeping contact with the offshore team to a minimum. Remember that communication is the key to every outsourcing project's success.
~ Don’t have a preconceived notion that outsourcing is a waste of time and money and all the outsourcing companies are same.
~ Don't forget to follow up on the tasks you've allocated.
~ Make sure you don't make the error of not choosing the right model.
~ Also, make sure you don't make the mistake of not validating the abilities of the offshore employees.
~ Don’t outsource with the sole purpose of cost savings. Keep cost as a secondary option.
We hope that all of these points have clarified your understanding of outsourcing and the factors to consider while outsourcing. Stanfox is your chosen outsourcing partner, and we are skilled at what we do. We have served clients all throughout the United States, and they have all been satisfied with our work. Whatever your needs are, we are prepared to assist you with your accounting and bookkeeping needs. Stanfox can help you outsource your accounting needs today and reap the benefits of outsourcing.
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