The COVID-19 global pandemic has disrupted the accounting and finance sectors. Lockdown and social distancing appear to be the effective solutions to control the spread of the virus. These measures are thus strictly implemented by many governments across the world.
So, how to maintain the productivity and continuous support to your clients without any disruption?

Continuous Support for your business

Many accounting firms had to temporarily shift their work to online as a quarantine measure. Employees might face the problem changing workplace, being unable to deliver good quality service with less experience working totally in a remote environment. Pandemic lockdowns could interrupt the remote teams locating in countries most affected by Covid-19 outbreak. An offshore team in a country where the pandemic is well contained, however, becomes a better choice.

Vietnam has been one of the most successful countries in the world at containing the Covid-19 pandemic. With an abundance of highly educated professionals, it is relatively easy to build a remote team with people who have experience in working remotely and possess the right skills for your firms.

Increased Cost Efficiency

Accounting outsourcing proved to be beneficial for firms and businesses facing challenges in cash flow during COVID-19. In many cases, outsourcing accounting & taxation preparation services of a typical firm can cost less than organising a full-fledge in-house facility including employee benefits, providing a wide pool of expenses for remote working and so on.

One of the most effective solutions that can be applied during the complicated situation of COVID-19 is to convert fixed costs into variable costs. Fixed costs, such as employee salaries, super & work cover are a significant expense in the total fixed cost of the business. Outsourcing apparently deliver significant cost savings in comparison to the cost of in-house services.

Ready to improve the performance of your business through back-office outsourcing? Contact us now to talk to one of our experts!