The e-Accounting Center
Online Accounting and Offshore Outsourcing
  Finding the truth behind the hype June 2003  

In this issue

Your Core Business

Offshore Processing - The Expanding BPO Service Model

Too Many Sellers

Marketplace

Past Issues of Practice Development News



Your Core Business

Your client businesses require close control of their financial data. They need to know where they stand at all times. When their financial data is in the office and they aren't, how do they get the information they need? The solution is simple: e-Accounting.

e-Accounting helps businesses of any size keep their financial data and accounting applications in a safe, secure environment. By housing the applications and the data in a protected, centralized location, access to those applications and data sets can be provided to authorized users regardless of their location or local computing platform. For the small business owner, this means that working from home is as easy as working at the office. No more staying late to balance the books. A vacation becomes a viable option. For larger businesses, e-accounting means the accounting department, controller, and financial advisors can all access the same financial records and applications no matter where they are.

e-Accounting represents the solution to managing, maintaining, and providing access to critical financial data. For businesses that outsource their accounting and bookkeeping, e-Accounting offers workflow and process tools to help get the necessary information where it needs to go, quickly and efficiently.

Keep your accounting and bookkeeping systems managed and secure, and provide your business management with the flexibility of accessing their financial data from anywhere at any time. As an accounting and finance professional, you are the trusted advisor that can provide important business information and insight. Work closer with your clients, and help them produce better, more accurate and insightful results.

For accounting professionals...

  

Just a few years ago, we saw professional service firms being challenged with all sorts of new technology. For many professionals, simply using email represented a giant step into the digital age. Many firms are just discovering the relationship between technology and competitiveness. Those that incorporate technology gain the ability to serve client requirements in an innovative, efficient and timely manner while those that do not struggle to communicate value and differentiation in their service offerings.

There are certain recognized truths in business. One is that it's not what you know, but who you know. Another truth, an understanding that the market is finally recognizing, is based on a similar theme: it's not what you do but how you do it. Consider your business. Look at the value you currently deliver and how you could possibly improve that delivery. Improve cost efficiency; improve accuracy; improve turnaround times; improve client service and subsequently improve your own bottom line. This is the truth, and the business reality, that e-Accounting can help you create.

  • Offshore Processing - The Expanding BPO Service Model
  •    e-Accounting works with early-adopters. Our community of accountants, finance professionals and their client businesses understand the value and opportunity that working online together provides. e- Accountants show improved practice efficiency and profitability, and they have used the technology and service to generate and engage new and more profitable business.

    Those professionals who understand the e-Accounting platform and its benefits have successfully leveraged their new-found capability to build their businesses. In turn, this new working model has introduced the need for, and the benefit of, working with outsourcers to support the ongoing growth of the practice and the client base.

    BPO services in support of CPAs

  • Too Many Sellers
  •    Because e-Accounting has one of the most mature communities of online accounting professionals and users, our subscribers are considered a valuable potential "food source" for offshore BPO providers. We receive numerous inquiries daily from would-be providers that want us to market and promote their services to our subscribers. We understand the value proposition offered by these providers, and we believe that the proposed service model could be extremely beneficial to the accounting professional's process and cost efficiency.

    In order to apply a level of qualification and due diligence on would-be outsource providers, e- Accounting has launched the Advisor Provider Network program. The Network includes organizations that have successfully demonstrated the business organization, credentials and qualifications, process and workflow models, training programs, and marketing plans which serve to support the delivery of quality outsourced back-office services. These services are designed to provide CPAs and professional accounting organizations with cost- and process-efficient services that leverage the security of the online platform.

    Advisor Provider directory

  • Marketplace
  •    Link to online license purchasing for QuickBooks or ACT! Obtain access to Web-based tools and services. Get discounts on check stock and printing solutions.

    Marketplace... purchase licenses, supplies and more!

  • Past Issues of Practice Development News
  •    Read the May 2003 edition... Trends in accounting information technology, retaining (building) the value in your practice, the growth of the outsource accounting model, and how e-Accounting is helping practices of all sizes work better with their small business clients.

    Read the April 2003 edition... how e-Accounting technologies and services help you build your Internet strategy, websites that do more and better business, and what running QuickBooks Pro online can do for your and your clients.

    Read more...


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