Intelligent Accounting and Finance Solutions

Monday 24 March 2014

How to Process Re-Engineering in Accounts Outsourcing

Outsourcing bookkeeping to Rayvat Accounting is similar to business process engineering model where there is a complete shift in the manner of how the business is done.

In Business process Re-engineering, there is a fresh pondering on the present business and how the process has been done of late.

Business Process Re-engineering (BPR) is basically rethinking and radically redesigning an organization’s existing resources.

BPR is all about redesigning of the workflow and methodology to a more better model which can decrease cost as well as increase in overall efficiency of the business process. The ultimate purpose of re-engineering is to optimize the overall performance of business and generate superlative profits for the business.

Moving to Outsourcing model can be beneficial to your business if it has been implemented in planned manner.Are you planning to Outsourcing your books and still thinking of when to start on Outsourcing model?

Well we recommend to move on to Outsourcing with start of new financial year. This would have a benefit of easy and smooth transition to outsourcing carrying with a switch in the work methodology.

However we recommend early transition which would give us time to settle the process and make it worthy for you.

Call us to know more how we can redesign your Accounting business processes and help you to excel in your business.

For More Information Visit Us : Accounts Outsourcing Services

Friday 14 March 2014

Best Outsourcing Accounting Service Providers to India

Many of my prospective Australian clients ask me if it is Legal to Outsource my Bookkeeping work?

The answer to same is definitely yes.

You can outsource bookkeeping work offshore to get benefits of outsourcing provided you take adequate care and inform the owner of the information regarding the outsourced work.

A written letter of approval is required from the client giving a consent for outsourcing the work to third party.

However the organization outsourcing the accounts is required to take due care and needs to do due diligence in order to ensure all the pieces fall in correct place.

Here are some of the points which the outsourcer needs to in order to reap all the benefits by outsourcing the job offshore:

  • Quality of services:
    The Outsourcer needs to be assured of the quality services from the outsourced organization.Quality control procedures should be in place with the third party service organizations to ensure qualitative work.
  • Integrity of third party service provider:
    The outsourcer needs to ensure that there are proper non disclosure agreements in place for avoiding misuse of information.
  • Professional Expertise:
    The outsourcer needs to be ensured of the professional expertise of the service organization.
  • Resources of the Service Provider:
    The performance of the third party service provider would depend upon the resources of the service provider and the infrastructure available with the service provider.
  • Monitoring of work:
    Outsourcer needs to monitor the work in order to ensure that the objectives of outsourcing are achieved.
Best luck for your new outsourcing relationship!!

The article is written by Rushabh Shah, he is operations manager at Rayvat Accounting. Rayvat Accounting provides Outsource Accounting and bookkeeping services at low cost to Australia and US based clients. For no obligation free trial of Accounting services contact us at info@rayvat.com