1. Beyond Just Outsourcing
Case Study – Accounts Outsourcing
Accounting and Bookkeeping
It's Account outsourcing Services like bookkeeping, Accounts finalization, statutory and
voluntary audits, taxation consulting and return filling, statutory reporting etc. to its
clients from various industries.
BeJO Solutions - 10/10/2015
2. To drive with the aspirations of our customers and to bring more business to our clients through
our Best In Class Accounts and Bookkeeping Outsourcing Services.
BeJO Solutions Pvt. Ltd. – Beyond Just Outsourcing
Email: info@bejosolutions.comContact #. +91-9157276969, Skype ID: bejo.solutions
Objective
Improving quality with reduced cost
The Client
A reputed CPA firm in Australia
Client Back ground: The client is proving services like bookkeeping, Accounts finalization, statutory and
voluntary audits, taxation consulting and return filling, statutory reporting etc. to its clients from various
industries.
Challenge
In a competitive, recessionary market, alongside swift increase in general and operational costs, the firm
was facing a continuous reduction in profit margin. That in turn was adversely impacting employees’
turnover ratio, quality of the services rendered by the firm, business reputation among the financial
institutions and stake holders etc.
The firm looked for alternative actions in order to devise a strategy to overcome this situation.
The main aims were …
Improving Profitability
Improving service quality
Controlling the general and operational expenses
Standardizing the processes
Solution:
In process of evaluating various alternatives, the firm approached BeJO Solutions. Our experts
undertook a strategic assessment of the challenges faced by them. Upon completion of the strategic
assessment, our team provided an executable strategy to the client for outsourcing.
During the analysis it was observed that the firm was having an in-house team of few qualified
accountants and a team of fresh graduates and undergraduates to support them. Due to increasing
competition few of its experienced accountants join its rivals and the firm was forced to hire new
employees and spend on their training. Other considerable source of expense was infrastructure.
The suggestion presented was to outsource the accounting process undertaken by the firm. The process
suggested was to have a small team of qualified and experienced accountants in house by the firm, who
have to coordinate with the clients of the firm. And thus achieving multiple objective, like eliminating
the need of hiring and managing a big team, need of maintaining infrastructure, avoid paying for legal
leaves and holidays and many more. And the saved time and money could now be used into managing
customers.
3. To drive with the aspirations of our customers and to bring more business to our clients through
our Best In Class Accounts and Bookkeeping Outsourcing Services.
BeJO Solutions Pvt. Ltd. – Beyond Just Outsourcing
Email: info@bejosolutions.comContact #. +91-9157276969, Skype ID: bejo.solutions
How BeJO helped
The prominent way to tackle this problem was to bring in a mix of knowledge, experience & established
processes in the outsourcing space. A multi-phased approach was used to evaluate the situation and
draw a suitable solution, in phased manner.
Phase 1: Strategic assessment of existing situation and challenges
Examined the firm’s current business model & processes
Developed profitability and cost analysis.
Phase 2: Development of alternate operating model and Roadmap for the Future State Delivery Model
Defined Functional / Operating Model Plans
Updated and refined Business Case
Developed an issued operating process map
Phase 3: Implementing the operating processes map
Ensured smooth implementation of new operating processes
Assisted the firm in smooth transition
This project required high degree of interaction between BeJO Solutions, the firm and other
stakeholders. The project successfully met all of the objectives and achieved,
Cost reduction and higher profitability
Standardization of processes
Improved quality of services by outsourcing
Joint effort by all stakeholders was a key to achieving these objectives.
Contact information
BeJO Solutions
Beyond Just Outsourcing
WWW.bejosolutions.com
Phone: +91-9157276969
E-mail: info@bejosolutions.com
Skype: bejo.solutions