Accountants can change lives
- but not by producing a set of accounts
9th May 2023
British Museum, London
Helping you, as an accountant, confidently choose between outsourcing and offshoring
And free up your time to do more of the work you enjoy.
Accountants always tell us they need more time. Actually, you don’t want more time. You want the space and freedom to decide how your time is best spent. When you outsource or offshore functions of your business, you’re able to take yourself out of the necessary work and find that space and time to focus on the important work. The work that will grow your business. The work you actually want to do more of.
What’s taking up your time?
Staff in the wrong seats:
Too much work:
Sourcing the right team:
A different story of outsourcing
How fast is the accounting industry really adopting to tech?
We look at your processes, workload, goals and team to help you decide if outsourcing or offshoring is best for you.
PROCESS: You have a standardised process
WORKLOAD: You have fluctuating demand across the year
GOAL: You understand deadlines and will work with our teams to get everything working smoothly
TEAM: You understand that a team supports you
PROCESS: You don’t have a standardised approach
WORKLOAD: You have steady workloads across the year
GOAL: You strive to ensure your service is bespoke to your clients
TEAM: You want to speak to the same team members every day
You need the Dedicated Offshoring service to serve your firm
Different models work for different firms, but both provide the same relief:
Highly skilled teams, fully trained and managed
Time saving, so your team are free to do more valuable work
Holiday and sickness cover, never lose a day of production
Real results from our clients
Successful accounting tech migration
- Our client had been an early adopter of cloud accounting technology, but their existing tech wasn’t fit for future purpose.
- They improved their project management capability by bringing in Xero and AdvanceTrack gave us advice on how to tidy up the migrating files.
- We’re now better placed to provide our client with more up-to-date financials, and can provide better and more timely client advice.
Successful migration from Sage to Xero
- Two large international companies needed help migrating from Sage to Xero, including 1000’s of transaction lines which also needed reconciling.
- The migration was delivered cost-effectively and accurately.
- They now have clean, quality data with meaningful reports with cloud tools that can be connected using Xero.
Consistent client contact and scaling growth
- A firm wanted to have a consistent message of client contact
- Outsourcing has enabled them to have more junior members of staff working with clients earlier in their career.
- Their team now comprises of client managers, assistant accountants and trainees, all with AdvanceTrack supporting them as part of that team.
Work delivered on time and on-budget
- A Major International Group was struggling to navigate through the iXBRL maze.
- They wanted to deliver a long term solution to iXBRL compliance and decided to outsource the first year file preparation to us.
- We completed the files for approximately 70 group companies, helping the group meet their deadlines.
High quality & attention to detail
- Prior to using AdvanceTrack®, this sole practitioner had use another outsourcing provider.
- However, they would regularly receive work back and have to spend time unravelling what had been done.
- They switched to us and have seen an attention to detail and superior tracking system.
Reducing the number of new staff required
- After conducting a review of all the major outsourcers, we were selected by a top 50 firm to help provide additional capacity at certain times of the year.
- To do this, we helped provide a more process driven approach to exercises such as accounts production.
- This has helped them offer trainees and staff more interesting and challenging work as well as save the firm money on recruitment.
Net profit increase of £150,000
- A 15 partner regional practice needed to free up staff time during tax deadline season.
- We were selected to deliver 600 personal tax returns between May and January.
- This led to an increase in net profit by £150,000 and improved service delivery.
More time to deliver advisory services
- A two-office practice decided to outsource to reduce the workload for their staff.
- Staff were quick to realise outsourcing would help them carry out more added value work than pure compliance.
- The results have allowed the firm to reduce administrative burdens and carry out more exciting work with clients.
Increased time with clients
- A 7-partner firm came to us needing support with accounts preparation to support their audit teams
- We worked to segregate the work and free up staff time to work closer with clients.
Users on system
Offices around the world
Don’t use MTD’s postponement as an excuse to delay practice transformation26th January 2023
If you turn on the news then you can’t help but be presented with...
In profile: AdvanceTrack CTO Ian Gregory28th November 2022
In the first of a regular series, we chat to AdvanceTrack team member about...
Chris Kinsella, CFO, Greater Manchester Police – what did you want to be when you grew up?27th October 2022
As a child, what did you want to be when you grew up? I...
Free up your time in a way that works best for your business
Help us figure out a plan for you, by filling in our diagnostic and telling us about the issues you’re facing right now.