Once outsourcing decision is made, accounting firm owners easily find themselves in a dilemma of “buying what they need” or “building what they will need”. In this article, we highlight some of the key things of these two models.

Buying what you need/ Engaging a remote team

• Significantly lower capital expenditure, reducing risk as well as cost associated with setting up and running a foreign entity;
• Immediate access to talent pools and resources required in accordance with your demand;
• Management teams with local experience & proficiency in manage and scale activities.

Building what you will need/ Setting up a local entity (representative office, branch office or foreign subsidiary)

• Direct control over operations & knowledge transfer;
• Data security & intellectual property protection;
• Practice valuation. Generally, professionals employed by the local entity would become an asset when the parent company is acquired by another firm.

There are many other factors such as degree of control vs scalability, cost savings vs speed of implementation, etc.. to ensure the offshoring success. We are happy to share our insight knowledge in these models.

Should you need to find out more, please feel free to contact us.