Home-sourcing, Crowd-sourcing, or just Partnering: Outsourcing Can Increase Efficiency and Improve Profitability
out·source (outsôrs, -srs) tr.v. out·sourced, out·sourc·ing, out·sourc·ers. To send out (work, for example) to an outside provider.
Outsourcing certain non-core business functions has become recognized as one approach to improving business process efficiency in terms of cost and personnel productivity. Through outsourcing non-core business processes, many organizations find that they are able to focus their energies, and their financial resources, on building the business rather than facilitating internal business processes. Perhaps outsourcing can provide a similar benefit to your practice – outsourcing IT operations and/or outsourcing mechanical bookkeeping and similar work.
Enabling technologies keep it all under control.
Enabling technologies and services, such as online application services and application hosting from InsynQ, help businesses work closer together in strictly controlled, secure environments. When your outsource partners and providers utilize the same platform that you do, it helps to ensure that client data is secure and well-managed, and keeps all applications and data available to the accountant and client business at all times.
Similar in nature to the information technology outsourcing model, the “e-Accounting” outsource model was created to deliver significant value to the professional accountant, or top-level provider. Understanding that the value of the business relationship is held by this trusted advisor, all supporting services must first deliver value to the accountant.