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Should You Offshore Outsourced Accounting?

Posted by Alexander Hagerup on Jul 24, 2019 8:08:00 AM
Alexander Hagerup
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Should You Offshore Outsourced Accounting?

In the accounting industry, there’s a lot of offshoring going on. Offshoring wouldn’t be necessary if you can enable a U.S.-based person with the right technology, making them more effective and more useful. With the right technology, there should be no need to outsource this type of accounting work any longer.

The following is an excerpt from our webinar, “Automating Accounts Payable (AP): How Ignite Spot Accounting Services Automates AP, Removes Human Error, and Improves Client Services.”

Disclosing Offshoring

Automating or outsourcing outside of the United States is something that is very important to understand. Depending on your state laws and the services your accounting firm is providing, there are a few states where if you don’t disclose that you’re outsourcing or using offshore services, you can get into some serious trouble.

If you don’t disclose that you’re offshoring, you could lose licenses or receive substantial fines. 

Ignite Spot prides itself on being U.S.-based and having people available that understand client’s needs and are located within two to three hours of the client’s office, who can easily communicate with clients.

How Automation Impacts Your Accounting Firm

How big of a role do you think automation will play in your firm's future?

How does automation impact your firm’s positioning, the markets you go after, your scalability, your profitability, and hiring decisions?

Out of participants surveyed on this question, 88% believe that automation is going to be hugely important to the future of their accounting firms. And 12% of participants believe automation will be somewhat important. 

How big of a role do you think automation will play in your firm’s future? Tell us your thoughts in the section for comments below.

To learn how Ignite Spot Accounting Services automates AP, removes human error, and improves client services, watch the webinar recording on “Automating Accounts Payable (AP).”

Automating Accounts Payable (AP) | How Ignite Spot Accounting Services Automates AP, Removes Human Error, and Improves Client Services

Topics: Accounting

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