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Many business owners and accounting managers may have considered outsourcing accounting (Business Process Outsourcing, for short “BPO”) due to a variety of issues, such as "We cannot hire a replacement for sudden retirement ", "We cannot secure a desired human resources,", "Employee motivation is not up due to routine work. 

Many managers and accounting manager may have considered BPO but have abandoned the idea due to concerns about security issues such as information leaks and whether it would really be effective.

The state of emergency was declared due to the epidemic of the new COVID-19 infection, and telework was recommended due to the request to restrict office work. The number of companies implementing telework, which had been thought to be difficult for accounting work, has increased dramatically, and paperless work also has been progressed.

We believe that the increase in the number of accounting work that can be performed by working from home and the shift to paperless operations have greatly expanded the possibilities for the introduction of BPO.

In order to successfully implement BPO, it is very important to recognize what issues need to be resolved and to understand the pros and cons of outsourcing.

Let us now summarize the issues of accounting work and the pros and cons of BPO.

Sudden retirement

Resources (shortage of resources for consolidation work, disclosure work and tax work

Training of accounting personnel

Depending on particular employee

Enormous amount of routine work

Old-fashioned way of doing things, fixed concepts

Prevention of deterioration of business quality due to retirement

Reduction of recruiting and training costs

Concentration of human resources on core business

Provide improvement plans

Manualization

Improvement of business quality (case studies and know-how of other companies)

Full outsourcing support at the time of subsidiary establishment

Correspondence to laws related to work style reform (Hatarakikata Kaikaku), - control of overtime hours for quarterly and financial closing operations

Communication loss

Preparation time and occurrence of initial cost

Outsourcing costs become high if operations are not organized

Risk of retuning in-house work after terminating BPO

Difficulty in responding flexibly to schedule changes

Consideration of security measures

As mentioned above, in order to succeed in BPO, it is very important to recognize what issues need to be resolved and to understand the advantages and disadvantages of outsourcing.

We have over 20 years of outsourcing experiences and provide not only accounting outsourcing services, but also tax, payroll, social insurance, and Human Resources outsourcing services.

If you are considering BPO, we would like to talk with you. We will work with you to solve your company's problems and help you grow.