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23/01/09 - Outsourcing - are you in the right place?
Harry's hints
Harry's hints
Outsourcing - are you in the right place?
The economic downturn is taking its toll on small to medium sized businesses where the financial director is under increasing pressure to reduce business costs while still delivering a high level of service. Many businesses are turning to a specialist outsource provider to manage their financial accounts at low cost.
Essential to the outsourcing model is the location of the provider and businesses are increasingly seeing the benefits of outsourcing to a UK-based provider rather than outsourcing to distant developing economies because of:-
- Costs in developing nations are rising rapidly due to overseas wage inflation and currency movements
- Extended and occasionally unreliable communications systems
- Cultural and trading differences
- A recognition that British businesses should support one another
The Eagle Consulting back office accounting solution includes:
- Daily income reconciliation and account posting
- Supplier invoice posting and payment (by Bacs)
- Payroll, P11D and Bacs service
- Direct Debit service for leisure clubs
- Book-keeping, ledger maintenance and online accounting access
- VAT and acccounting reconciliations
- Management Accounts
- Annual Accounts & Taxation services