EAF Services

 BENEFITS OF OUTSOURCING

Outsourcing has been a thriving business parlance nowadays.  Started in the 1990’s and has evolved ever since.    Businesses have seen this as an effective means of cost cutting but still aligned with the level of customer service expectations.  As the dynamics of business changes, outsourcing and information technology played an integral part in the evolution.  Business owners, executives and young entrepreneurs started to change their business model.  And this is the start of paradigm shift.

Cost Effective

Having an outsourced bookkeeper is like having an on-demand person who can be there at the right time when you need it, where you need it.  Business owners need not to worry the additional overhead expenses attached to an employee such as Social Security taxes, Medicare, Workers’ Comp Insurance and some other benefits.  Outsourcing is effective to control cost at the minimum.  Cash allocated to cover wages of permanent employee could be diverted into other projects that can yield revenue.

Save Time and Focus on your Business 

 Hiring and training staff can be cumbersome and sometime can be risky.  For some small businesses, they don’t have the time to screen applicants and train their newly hired people. Unqualified people and lack of training are common causes of inefficiencies in the work flow resulting to unproductive rework or correcting errors.  Some owners wear different hats at the same time; he deals with the customer, later on he reviews the paper works and do the accounting and while doing bookkeeping he is thinking of his new project.  Outsourcing cuts the inefficiencies and saves you time focusing more on your business.

Accurate Information = Reliable Results

Knowledgeable, trained and experienced people are ready to handle the work.  Small businesses enjoy the privilege of getting accurate information even in the early stage of the company.  Small businesses  face challenges of having competent resources to complete the work.  Business owners often resort to D-I-Y (Do it yourself) philosophy, failing to see business opportunities because of incorrect information in the financial statement.