Aug 24, 2015
A few weeks ago, Smithink conducted a very interesting workshop
in Melbourne, on the effects of outsourcing on Australian
accountancy businesses.
As an accountant, whether you agree or disagree with the concept of
outsourcing work to countries such as India, the Philippines and
Vietnam, there’s no doubt that outsourcing is going to directly and
indirectly affect the vast majority of accountancy businesses in
Australia over the next few years.
Morris Miselowski, a futurist, writing in The Charter Magazine in
2012, said: “By 2020, relationships between organisations, people
and service providers will be far more intimated. Accountants will
be part of an individual’s advisory group, and statutory
requirements will be outsourced to some other country or person –
that’s a fundamental shift.”
Speaking at the conference, Kane Munro of Deloitte said:
“Accountants were facing increased competition by outsourcing
accountants who are able to more effectively compete in the
marketplace. Accountants have been challenged from
non-traditional channels and there are rapid changes occurring in
the marketplace.”
Kane said, “Outsourcing is a way of future proofing an accountancy
business.”
What do all these mean to you and your accountancy business?
Speakers at the conference indicated that, at least, some of the
accountants who are participating in outsourcing are now using
their reduced operating cost as a means of marketing accountancy
services to other small/medium enterprises which are not their
clients. Perhaps some of those people are your clients.
Therefore accountants, who are currently not outsourcing, need to
develop a strategy to either be a participant in outsourcing or
develop a range of services to be able to effectively compete with
those firms that are outsourcing.
Peter Towers
MANAGING DIRECTOR
ESS BIZTOOLS PTY LTD
+61 7 4724 1118 | 1800 232 088
peter@essbiztools.com.au
www.essbiztools.com.au | www.essbizgrants.com.au