Outsource Accounting Services with SBA

In this current perfect storm of skills shortages, Accounting firms are increasingly using offshore workers for audit, accounting, administration and financial tasks, with significant cost savings per employee. According to AFR’s survey, many firms rely on offshore labour from India and the Philippines, which is 25 to 50 per cent cheaper than Australian labour. In addition, outsourcing helped them retain local talent by increasing onshore remuneration while allowing more opportunities for learning and promotion.

In the AFR article, Nexia Australia acknowledged that working with offshore teams not only has a cost advantage but also gives them access to a larger pool of qualified talent.

For many firms, cost savings were just as important as the access to “resources where those are just not available in the Australian-based market,”

Having been a part of the outsourcing industry for more than twelve years, team SBA currently works with a range of accounting firms in a range of audit, accounting, administration and financial tasks. If your firm is interested in tapping into the international talent pool, then SBA is just one call away!

Source: AFR