Models of Outsourcing

There are many models of outsourcing, and with each day, there are more being created. We have listed the most common forms of outsourcing for accounting firms and listed some of the pros and cons of each offering: 1. Upwork/Freelancer This model works on a low cost, project basis style of work. You can list … Read more

Explore The Top 4 Reasons to Outsource MORE!

Outsourcing is an economic principle developed by the 19th-century economist David Ricardo. The basis of this principle is that businesses should outsource the production of low-value services even if they can produce them more efficiently themselves. This is because there is an opportunity cost —for every hour consumed by non-productive tasks, there is some high-value … Read more

Avoid These Five Outsourcing Mistakes

Small business owners are now enjoying the benefits of outsourcing, and start-up companies want to follow in their footsteps. In this age of outsourcing, it has become easier to grow your business without the heavy costs. However, companies shouldn’t dive into outsourcing without fully understanding it. Just because it worked for a similar business to yours … Read more

Moving With Change: Reflections from the book “Who Moved My Cheese?”

We constantly deal with unexpected changes in our lives, be it in our career or relationship, among other things. It’s especially hard to move on to a new path when you are already settled with your present situation. Who Moved My Cheese?: An Amazing Way to Deal With Change In Your Work and In Your … Read more

Accounting Trends of the 21st Century

The recent global financial crisis has paved a way to the evolution of the accounting industry. To address the concerns raised during this predicament, businesses were restructured to recover from their weak performance. They have learned to adapt to the ever-changing trends in the financial industry. The future of accounting is bright according to the … Read more

IT-BPO Industry in the Philippines Leads to Economic Boom

The Information Technology and Business Process Outsourcing or IT-BPO Industry in the Philippines has brought a 17% increase in the country’s revenue for the year 2013, according to the Business Process Association of the Philippines (BPAP)1. From $13.2 billion in 2012, the IT-BPO sector has generated $15.5 billion in revenue last year. According to BPAP … Read more

The Top 5 Myths about Outsourcing

As more companies are looking to grow internationally, more and more functions are now being outsourced. Still, some firms hesitate to outsource their business process because they have negative perceptions about it. Here are five myths about outsourcing and the truth about it: Losing control of your business Having another company manage and control your … Read more

Why Should You Outsource in the Philippines?

Most foreign companies opt to invest in outsourcing back office from Asian countries in order to avoid certain costs and, at the same time, obtain a competent workforce. In this industry, the Philippines continues to outperform its neighbouring competitors and should become the first choice for your outsourcing needs. Recently, Australian Small and Medium Enterprises … Read more

The Rise of Clark Green City Draws Local and Foreign Investors

Clark is becoming an attractive investment destination in the Philippines today. The development of Clark Green City looks promising to investors from different industries like real estate, industrial park and township builders, and institutional developers, according to Bases Conversion and Development Authority (BCDA). “CGC involves the development of some 36,000 hectares of land at the … Read more

Why Should You Outsource Your Accounting Function?

Accounting is one of the most important but tedious functions in small and medium enterprises. Hiring new employees for this may be the basic solution. However, it eats up time and resources that could be diverted to revenue generating activities. Outsourcing this function is another way to solve this dilemma. It lets you acquire the ... Read more

4 Ways Outsourcing Help you Outgrow your Competitors

If there is anything constant about being in business, it is that you can always expect some tough competition. So how can you turn the odds in your favour? You can start by using modern tools to help you beat your competitors. According to a Sensis1 study, 32.8% of small businesses in Australia reported a ... Read more

The Role of Outsourcing in your Business Plan

Can you think of anything that compares to the value of a business plan? There’s a good chance that you would not be able to. Regardless of how passionate you are about setting up your own business, there is no match for translating your entrepreneurial concepts into an actual business plan. A business plan is ... Read more