Outsourcing is critical to any modern business. You may have in-house staff carry out the daily activities, but sometimes you need outside help to perform certain activities, especially when it comes to back office tasks.
Some individuals think that outsourcing is ‘recruiting someone based overseas to handle a call centre’, but this idea is absolutely out-dated. Many companies recognise outsourcing as a legitimate business strategy. When you think it may be time to look into this, you should carefully consider which functions you can outsource.
What to outsource
Chances are you are working on certain tasks that are non-core business activities. So here is a common list of tasks that you can easily delegate:
The advancement of technology has radically changed the accounting and back office functions. Business owners can hire professionals to do the bookkeeping for them in the cloud or act as a virtual accounts team while the business owner focuses on growing the business.
Outsource social media
There’s absolutely no point in wasting your time posting on social media. Even if you are a social media thought leader like Richard Branson, you should not be making it a full time job. The upside of outsourcing social media is that you don’t need to hire a new individual if you’re already outsourcing to a team. You can add this non-core task to your outsourced team’s existing duties.
Outsource audit work
Offshoring audit work can be cost effective as well as efficient. But, it is crucial that you find the highly skilled individuals in order to carry out your tasks. Find an outsourcing provider with proven expertise and qualification in the auditing work your after.
Outsource tax work
Accounting remains one of the most popular functions to outsource. Perhaps because compliance can be costly and time consuming. Outsourcing accounting and back office tasks is possible with a highly skilled workforce. Ask around outsourcing providers to find out qualifications, training and experience of staff, regardless of whether or not staff are onshore or overseas.
You’ll need to identify your strengths and weaknesses as a business to understand how outsourcing a particular function will play a role in your business strategy and ultimately improve the bottom line.
Outsource with BPO Connect
If you’re thinking about outsourcing your bookkeeping, accounting for SMSF functions, contact BPO Connect and request more information about our processes, security, staff and training.