Originally Contributed to The Woodard Report
In the emerging landscape of the 2023 US economy, CPA and accounting firms are seeking innovative ways to build capacity and stay competitive. One emerging strategy that promises to address these demands effectively is the establishment of a dedicated offshore team. These dedicated teams work as an extension of the US-based workforce, offering a range of services across various industries, including IT, finance, accounting, customer support, and more.
In this context, Finsmart – trusted globally for outsourced bookkeeping services – decided to explore how leading firms are leveraging offshore resources to enhance their operations and thrive in the evolving US economy.
Build Capacity with a Dedicated Offshore Team
Here are the many reasons behind growing focus on finance and accounting outsourcing:
- Capitalizing on Cost Efficiency:
- Scaling Up Responsiveness:
- Leveraging a Global Talent Pool:
- Empowering Focus on Core Competencies:
Read the complete version of this blog on The Woodard Report to discover more insights on the listed points.
Connect for Offshoring Support
By leveraging the wealth of talent and resources available globally, businesses can embark on a transformative journey that not only sustains growth but also fuels innovation and strengthens their position in the evolving economic landscape.
By partnering with offshoring brands like Finsmart Accounting, CPA firms can access a team of professionals that is knowledgeable about the latest technologies, up to date with ever-evolving accounting norms, and domain experts in US accounting.
Do you still have queries to ask? Leave them in the comments or email them at [email protected] to get a quick reply from the experts.
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In this Article
editor
Maanoj Shah is the Co-founder & Director of Growth Strategy & Alliances at Finsmart Accounting, where he pioneered the “Accounting Seat” model—a revolutionary offshore embedded staffing solution purpose-built for Accounting and CPA firms. Widely recognized as an outsourcing and offshoring expert, Maanoj’s insights have been featured in leading accounting publications, and he regularly speaks at premier industry conferences including Scaling New Heights, Bridging the Gap, BKX, and Women Who Count.
A dynamic growth leader with over two decades of experience, Maanoj has incubated, scaled, and exited ventures across Fintech, HR, and Consulting sectors, holding various CXO roles throughout his career. His passion for scaling businesses is matched by his commitment to social impact. He is the Co-founder of Mission ICU, a national healthcare initiative that installs critical care units in underserved areas of India, and was recognized by the World Economic Forum for its last-mile impact.
Outside of work, Maanoj leads an active lifestyle as an avid tennis player and passionate golfer, blending strategy and agility on and off the court.
CONTENT DISCLAIMER
The content in this article is for general information and education purposes only and should not be construed as legal or tax advice. Finsmart Accounting does not warrant or guarantee the accuracy, completeness, adequacy, or currency of the information in the article. You should seek the advice of a competent lawyer or accountant licensed to practise in your jurisdiction for advice on your particular situation.
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