Have you considered Outsourced Book Keeping Services?

When considering whether or not to outsource one or more accounts functions, many questions are often asked and it can be a tough decision to make. Like many organisations, you would probably rather keep book keeping in-house. But … are your concerns about venturing into the unknown putting you off, without properly weighing up all the benefits?

Try approaching it from another angle and ask yourself the question: “What can I do with all the extra time on my hands when this responsibility is off my back?”, “Can I use some additional time to grow my business, train my staff, plan for the next three months, attend a meeting, or an event?”, “Do we really need the accounting to be done in-house?” “What if by outsourcing, everything gets done faster and more efficiently?”.

Some of the main reasons that companies decide to outsource their accounting are:

• Expertise
• Efficiency factor
• Accuracy
• Having a backup on your records at all times
• Consistent Reconciliation
• Fraud Prevention

Once you’ve realised the benefits and made the decision to outsource there are certain things you should most definitely think through. Make rigorous checks on the chosen BPO provider, determine for yourself if they have the necessary experience in this field. Also make sure they can offer you professionals with appropriate skills and qualifications to perform the required tasks. Have a dialogue about what platforms and software programs they usually use and if they are familiar with the one you prefer. Of course the specific software is not an issue, because people can always be trained, but it is essential to know if the chosen provider has experience with similar book keeping solutions.

As you will be supplying your outsourcing partner with confidential financial information, it is imperative to make sure you check what their data protection policy is and what safeguards they have in place both for the software and their personnel.

After considering all of these factors, and getting the required answers that will give you the confidence to trust your BPO Partner, you can go ahead and enjoy all the benefits that come with out your book keeping and other accounting services. No matter if you only want to start with invoice processing, or hand over accounts payable or accounts receivable management services, you can leave it with the professional BPO team, feeling safe and secure that the job will be done quickly and efficiently.

Have you outsourced your book keeping yet?

For more information about BPO and what ProcessFlows can do for you, please get in touch on +44 (0) 1962 835053, or email enquiries@processflows.co.uk.