Kane Munro

Ex-Head Outsourcing – Moore Stephens & Deloitte Private

S18 Outsourcing – how can my practice benefit from this!

"By 2020, relationships between

organisations, people and service providers

will be far more intimate. 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”

Morris Miselowski - Futurist (Charter Magazine 2012)

Benefits of Outsourcing

• INCREASED COMPETITION

• NON-TRADITIONAL CHANNELS

• RAPID CHANGES

• FUTURE PROOF YOUR FIRM

Benefits of Outsourcing

• TIME.

• ACCESS TO SPECIALIST KNOWLEDGE,

RESOURCES AND STAFF.

• COST SAVINGS.

• ABILITY TO SCALE (QUICKLY).

• STAFF RETENTION.

CASE STUDY: Pieces for Success & Real Experiences

THERE ARE MANY PIECES

TO SUCCESSFUL

OUTSOURCING.

Piece for Success: Right approach for your firm

• DO IT YOURSELF• Better financial benefits

• USE AN ESTABLISHED

OFFSHORE TEAM• More likely to succeed on a limited budget

Piece for Success: Right Communication

• CLEAR & REGULAR

• MANAGING ACROSS CULTURES

• TIMEZONES

• TECHNOLOGY & MANAGING STAFF

Piece for Success: Building the Right Competency

IT’S NOT JUST

INDIVIDUAL TAX RETURNS!

Piece for Success: Building the Right Competency

• TYPES OF WORK• Administration

• ASIC Corp Secretarial

• Self Managed Superannuation (all parts)

• Tax Returns (all types)

• Bookkeeping

• Consulting

• Accounts Preparation

• Whatever your firm needs

Piece for Success: Building the Right Competency

• QUALITY OUTPUT

• Professional Standards

• One System. One Way.

Piece for Success: Building the Right Competency

• QUALITY OUTPUT

• Professional Standards

• One System. One Way.

Real Life Outsourcing

• AM I GOING TO LOSE MY JOB?

• IS THE CLIENT DATA SECURE?

• HOW DO I DELEGATE WORK?

• DO WE HAVE TO TELL CLIENTS?

Real Life Outsourcing

• SUPPORT

• MANAGING STAFF

• TRUST

Real Life Outsourcing

• THINGS WILL GO WRONG

• Technology Issues

• Unforeseen Issues

• People Issues

Getting Outsourcing Right

• FIND THE RIGHT SUPPORT.

• HAVE THE RIGHT PROCESS IN PLACE.

• RIGHT BUSINESS MODEL.

USE YOUR ADDITIONAL TIME TO GROW YOUR BUSINESS.