Define your outsourcing strategy

What are the reasons why you want to outsource? There can be only be two reasons

• To cut costs
• To use external expertise, which you don't have in-house

Outsourcing strategy to cut costs

You plan for this when a certain function of your business is costing you more but is not adding value to your business. Some such example functions are bookkeeping, administration work, IT support etc. You can use any one of following models for these tasks

• Maintain your own offshore team
• Pay as you go

Your own offshore team (When you want closer control)

Using this model, you can set up your own team at your outsourcing partner's office and the team will be managed by your partner. Roles will be assigned for each staff and the manager for setting up and overseeing the operations. The cost of offshore (India, China etc.,) resources are cheaper by about 50% or more.

Pay as you go (Just get the job done cheaper)

You can outsource the tasks based on a fixed price or an hourly price based on your exact need. You don't need to worry about who does the work, as long as the job gets done on time and within the budget.

Outsourcing strategy to use external expertise

You follow this strategy when there is a requirement to use a function that you don't have expertise in-house. For many, there is no reason to build it in-house when it can be better managed outside. Some examples are bookkeeping, accounting, payroll, new age marketing (Google AdWords, Search engine optimisation), Web development and so on.

For such tasks you don't look for cost savings, but the expertise that you don't have within your team. In this case, the strategy for you is to look for specialist outsourcing providers who can guarantee the results within the specified time.

What is the best outsourcing strategy for you?

You make the choice, based on your specific need. If your need is bookkeeping outsourcing or any of the services mentioned above, then we can definitely help you. We have a local team in USA to make it easy for you to plan. We have several years experience and have served clients from multiple industries and have helped them to cut their bookkeeping costs by 50% or more. Not just cutting costs, but we have brought accuracy and clarity to their accounts.