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While there can be clear cost savings with offshore outsourcing and offshore staffing that can ultimately boost the bottom line and thereby the valuation, if it's not properly executed it can actually cause you to become less profitable than before engaging offshore staff. Ultimately, a few key things play here, removing the revolving door of offshore staff whereby the providers can never seem to retain staff properly and the other key element here is properly integrating them into your business whereby training and management is limited. Brett Goodyer from BVOPro discusses how getting these elements right can have a massive boost to profitability.

New Indian offices, EOI on Philippines office expansion, upcoming trip to India and our new staffing trial offer

Overview of Why You Should Consider Felcorp Philippines

So does integrating accounting and financial planning practices together increase the valuation of the overall practice. The short answer is yes. Brett Goodyer from BVOPro explains how to properly integrate both services to increase the overall practice valuation.

3 tips to get the most out of the offshore staffing process: Set the specific goal of the offshore staff and expected outcomes you want to achieve. What this means is that you need to solve a specific workflow problem you have and by achieving the goal there will be a reward, an increase in productivity, reduction in turnaround times etc. The goal must be measurable and not related to simply making your firm more profitable. 2 . Create a list of all the things that need to be sorted in relation to the offshore staff and sort the list by easiest to most difficult to accomplish. Just writing down all the little small things first then the bigger issues last will give you a good timeline to start sorting things out.  3 . Solve the simplest problems first Don't focus on the most important or the biggest issues first. These are often wholesale changes to a process that needs other stakeholders to sign off on it. Simply, by solving the easiest tasks first, they can be sorted in a short amount of time and they soon add up to be a big difference once accomplished. So when you tackle the big stuff, you've got a good baseline and those little niggles before don't negatively impact your big process changes.