Outsourced

Exceptional offshore staffing in the Philippines

0.00/5 (0 Reviews)
About Outsourced
Outsourced is the creation of Australian CEO & Director Mike Larcher who has over 20 years business experience and success. Mike has over 20 years experience running a Multi-Award Winning Digital Agency in Australia and has delivered projects for some of the world’...
read more
< $25/hr
250 - 999
2012
Philippines
Outsourced
Exceptional offshore staffing in the Philippines
0.00/5 (0 Reviews)
2 Questions
For IT service industries, the value chain consists of more inputs and outputs than retail or manufacturing. IT services are intangible, so value addition must happen with every activity throughout the process. Outsourcing is the latest trend at the moment, and it has also provided opportunities to save money and time on projects that will boost business profits.Outsourcing is the process in which a business subcontracts out a portion of the company’s activities to a third-party. Outsourcing incorporates subcontracting parts of an organization’s value-chain, to other companies or contractors that specialize in those specific activities. These activities involve various aspects such as steps in the design, supply, production, marketing, sales, and services. The client company hires multiple companies to perform specific tasks in the value-chain on its behalf. Most of the time, the work is performed under the name of the client.The type of outsourcing tasks includes value chain activities such as human resource management, facilities management, supply chain management, accounting, customer support & service, marketing, computer-aided designing, research, design, content writing, engineering, diagnostic services, and legal documentation. With the evolution in the technology sector, more and more tasks are getting outsourced. The companies should prefer and focus on saving time and money as these are the most vital aspects of any business.However, the company must always weigh the pros and cons of outsourcing before implementing this practice to their business. In short, outsourcing should be considered as a tool and should only be utilized when required the most.Let’s consider some of the examples of value chain activities performed by IT companies:Many organizations worldwide have started outsourcing their IT requirements right from developing a new app to maintaining the latest IT infrastructure. This is because some companies believe outsourcing is the less expensive way to ensure that servers keep running. Emails are delivered without managing it manually and paying for an entire department. Similarly, when a company wants to develop a product and hand it over to the team of experts but does not prefer to perform the task in-house; thereby saving their loads of time and capital. However, businesses still have to monitor that the contractor is fulfilling all the business requirements and expectations.Outsourcing ExamplesMany businesses already outsource some of these tasks without having a complete understanding of it. For instance, many organizations use Gmail for their email systems, by enabling the technical knowledge on Google instead of their in-house IT department. It might take a bit of experience to set up and use the Gmail platform, but it’s not as technologically driven as setting up in-house mail servers.Hence, IT companies have chosen various value chain activities, as mentioned above, to outsource their business processes.
For IT service industries, the value chain consists of more inputs and outputs than retail or manufacturing. IT services are intangible, so value addition must happen with every activity throughout the process. Outsourcing is the latest trend at the moment, and it has also provided opportunities to save money and time on projects that will boost business profits.Outsourcing is the process in which a business subcontracts out a portion of the company’s activities to a third-party. Outsourcing incorporates subcontracting parts of an organization’s value-chain, to other companies or contractors that specialize in those specific activities. These activities involve various aspects such as steps in the design, supply, production, marketing, sales, and services. The client company hires multiple companies to perform specific tasks in the value-chain on its behalf. Most of the time, the work is performed under the name of the client.The type of outsourcing tasks includes value chain activities such as human resource management, facilities management, supply chain management, accounting, customer support & service, marketing, computer-aided designing, research, design, content writing, engineering, diagnostic services, and legal documentation. With the evolution in the technology sector, more and more tasks are getting outsourced. The companies should prefer and focus on saving time and money as these are the most vital aspects of any business.However, the company must always weigh the pros and cons of outsourcing before implementing this practice to their business. In short, outsourcing should be considered as a tool and should only be utilized when required the most.Let’s consider some of the examples of value chain activities performed by IT companies:Many organizations worldwide have started outsourcing their IT requirements right from developing a new app to maintaining the latest IT infrastructure. This is because some companies believe outsourcing is the less expensive way to ensure that servers keep running. Emails are delivered without managing it manually and paying for an entire department. Similarly, when a company wants to develop a product and hand it over to the team of experts but does not prefer to perform the task in-house; thereby saving their loads of time and capital. However, businesses still have to monitor that the contractor is fulfilling all the business requirements and expectations.Outsourcing ExamplesMany businesses already outsource some of these tasks without having a complete understanding of it. For instance, many organizations use Gmail for their email systems, by enabling the technical knowledge on Google instead of their in-house IT department. It might take a bit of experience to set up and use the Gmail platform, but it’s not as technologically driven as setting up in-house mail servers.Hence, IT companies have chosen various value chain activities, as mentioned above, to outsource their business processes.

For IT service industries, the value chain consists of more inputs and outputs than retail or manufacturing. IT services are intangible, so value addition must happen with every activity throughout the process. Outsourcing is the latest trend at the moment, and it has also provided opportunities to save money and time on projects that will boost business profits.

Outsourcing is the process in which a business subcontracts out a portion of the company’s activities to a third-party. Outsourcing incorporates subcontracting parts of an organization’s value-chain, to other companies or contractors that specialize in those specific activities. These activities involve various aspects such as steps in the design, supply, production, marketing, sales, and services. The client company hires multiple companies to perform specific tasks in the value-chain on its behalf. Most of the time, the work is performed under the name of the client.

The type of outsourcing tasks includes value chain activities such as human resource management, facilities management, supply chain management, accounting, customer support & service, marketing, computer-aided designing, research, design, content writing, engineering, diagnostic services, and legal documentation. With the evolution in the technology sector, more and more tasks are getting outsourced. The companies should prefer and focus on saving time and money as these are the most vital aspects of any business.

However, the company must always weigh the pros and cons of outsourcing before implementing this practice to their business. In short, outsourcing should be considered as a tool and should only be utilized when required the most.

Let’s consider some of the examples of value chain activities performed by IT companies:

Many organizations worldwide have started outsourcing their IT requirements right from developing a new app to maintaining the latest IT infrastructure. This is because some companies believe outsourcing is the less expensive way to ensure that servers keep running. Emails are delivered without managing it manually and paying for an entire department. Similarly, when a company wants to develop a product and hand it over to the team of experts but does not prefer to perform the task in-house; thereby saving their loads of time and capital. However, businesses still have to monitor that the contractor is fulfilling all the business requirements and expectations.

Outsourcing Examples

Many businesses already outsource some of these tasks without having a complete understanding of it. For instance, many organizations use Gmail for their email systems, by enabling the technical knowledge on Google instead of their in-house IT department. It might take a bit of experience to set up and use the Gmail platform, but it’s not as technologically driven as setting up in-house mail servers.

Hence, IT companies have chosen various value chain activities, as mentioned above, to outsource their business processes.

Small business owners consider their accountants to be the pillars for the success of their company. Accountants are always above lawyers, bankers, IT professionals, and other professionals, by a wide margin. The reason behind this priority is that they’re entrusted with all organization finances and are responsible for keeping everything on track.In-house accounting is the conventional form of business bookkeeping, but various firms are increasingly winding to outsourced accounting solutions. Both in-house and outsourced accounting comes with relevant pros and cons, so it can be challenging to understand which type of accounting is the best fit for your business.Quality of WorkIn-house accountants are efficient in their backgrounds and skillsets. Sometimes, they can be a certified public accountant (CPA) with expertise in the domain or a self-learned accountant who was hired to be friends with the CEO. Both situations are different from one another, and the quality of services from both of these persons may also differ. On the other hand, outsourced accounting offers a consistently high quality of work. The outsourcing companies employ exceptionally qualified CPAs to facilitate their clients with quality accounting services. Moreover, accounting firms ensure that their employees stay completely up to date on training and certifications.Hours of ServiceWhile considering the in-house accounting structure, the accountant is only available during their shift timings. This implies that you might be left hanging when there is some emergency, and their shift timings do not match yours.By outsourcing, you get to work with a team of accountants that provides extended hours. This is specifically essential for companies where standard business hours don’t apply, such as restaurants, entertainment, web-based businesses, and hair & beauty services.Fraud PreventionFraud prevention is an essential accounting-related issue which is overlooked in most of the companies. The chances of experiencing fraud are much higher, working with an in-house accountant rather than an outsourcing accountant. The reason behind this act could be the fact that the employees working in the company for years have access to confidential information and could be more tempted to commit such a crime. On the other hand, hiring an outsourced service provider wouldn’t be that risky as they do not have had access to the company’s confidential information. Moreover, they always have an incentive to avoid impropriety that would lead to their bad reputation in the industry.Annual CostEvery decision taken in the organization should be made concerning a given budget. Before hiring a new employee or an outsource service provider, ensure that the costs for doing the same are balanced. If your in-house accountant is less paid but highly skilled, you’re lucky, and the cost would be worth it. On the other hand, hiring an outsourced accountant charges an up-front fee, plus an hourly rate.Last WordsThe pros and cons of both in-house and outsourced accounting structures are explained above. It would be best if you made your decision based on your company requirements and budget.
Small business owners consider their accountants to be the pillars for the success of their company. Accountants are always above lawyers, bankers, IT professionals, and other professionals, by a wide margin. The reason behind this priority is that they’re entrusted with all organization finances and are responsible for keeping everything on track.In-house accounting is the conventional form of business bookkeeping, but various firms are increasingly winding to outsourced accounting solutions. Both in-house and outsourced accounting comes with relevant pros and cons, so it can be challenging to understand which type of accounting is the best fit for your business.Quality of WorkIn-house accountants are efficient in their backgrounds and skillsets. Sometimes, they can be a certified public accountant (CPA) with expertise in the domain or a self-learned accountant who was hired to be friends with the CEO. Both situations are different from one another, and the quality of services from both of these persons may also differ. On the other hand, outsourced accounting offers a consistently high quality of work. The outsourcing companies employ exceptionally qualified CPAs to facilitate their clients with quality accounting services. Moreover, accounting firms ensure that their employees stay completely up to date on training and certifications.Hours of ServiceWhile considering the in-house accounting structure, the accountant is only available during their shift timings. This implies that you might be left hanging when there is some emergency, and their shift timings do not match yours.By outsourcing, you get to work with a team of accountants that provides extended hours. This is specifically essential for companies where standard business hours don’t apply, such as restaurants, entertainment, web-based businesses, and hair & beauty services.Fraud PreventionFraud prevention is an essential accounting-related issue which is overlooked in most of the companies. The chances of experiencing fraud are much higher, working with an in-house accountant rather than an outsourcing accountant. The reason behind this act could be the fact that the employees working in the company for years have access to confidential information and could be more tempted to commit such a crime. On the other hand, hiring an outsourced service provider wouldn’t be that risky as they do not have had access to the company’s confidential information. Moreover, they always have an incentive to avoid impropriety that would lead to their bad reputation in the industry.Annual CostEvery decision taken in the organization should be made concerning a given budget. Before hiring a new employee or an outsource service provider, ensure that the costs for doing the same are balanced. If your in-house accountant is less paid but highly skilled, you’re lucky, and the cost would be worth it. On the other hand, hiring an outsourced accountant charges an up-front fee, plus an hourly rate.Last WordsThe pros and cons of both in-house and outsourced accounting structures are explained above. It would be best if you made your decision based on your company requirements and budget.

Small business owners consider their accountants to be the pillars for the success of their company. Accountants are always above lawyers, bankers, IT professionals, and other professionals, by a wide margin. The reason behind this priority is that they’re entrusted with all organization finances and are responsible for keeping everything on track.

In-house accounting is the conventional form of business bookkeeping, but various firms are increasingly winding to outsourced accounting solutions. Both in-house and outsourced accounting comes with relevant pros and cons, so it can be challenging to understand which type of accounting is the best fit for your business.

Quality of Work

In-house accountants are efficient in their backgrounds and skillsets. Sometimes, they can be a certified public accountant (CPA) with expertise in the domain or a self-learned accountant who was hired to be friends with the CEO. Both situations are different from one another, and the quality of services from both of these persons may also differ. On the other hand, outsourced accounting offers a consistently high quality of work. The outsourcing companies employ exceptionally qualified CPAs to facilitate their clients with quality accounting services. Moreover, accounting firms ensure that their employees stay completely up to date on training and certifications.

Hours of Service

While considering the in-house accounting structure, the accountant is only available during their shift timings. This implies that you might be left hanging when there is some emergency, and their shift timings do not match yours.

By outsourcing, you get to work with a team of accountants that provides extended hours. This is specifically essential for companies where standard business hours don’t apply, such as restaurants, entertainment, web-based businesses, and hair & beauty services.

Fraud Prevention

Fraud prevention is an essential accounting-related issue which is overlooked in most of the companies. The chances of experiencing fraud are much higher, working with an in-house accountant rather than an outsourcing accountant. The reason behind this act could be the fact that the employees working in the company for years have access to confidential information and could be more tempted to commit such a crime. On the other hand, hiring an outsourced service provider wouldn’t be that risky as they do not have had access to the company’s confidential information. Moreover, they always have an incentive to avoid impropriety that would lead to their bad reputation in the industry.

Annual Cost

Every decision taken in the organization should be made concerning a given budget. Before hiring a new employee or an outsource service provider, ensure that the costs for doing the same are balanced. If your in-house accountant is less paid but highly skilled, you’re lucky, and the cost would be worth it. On the other hand, hiring an outsourced accountant charges an up-front fee, plus an hourly rate.

Last Words

The pros and cons of both in-house and outsourced accounting structures are explained above. It would be best if you made your decision based on your company requirements and budget.

Loading interface...
Contact information
ph
Outsourced
Level 19 Cyberone Building, Eastwood City Cyberpark, Bagumbayan, Quezon City, Metropolitan Manila Area, Metropolitan Manila Area 1110
Philippines
14153478581
GoodFirms