Finance and Accounting Outsourcing
Ongoing pressures to improve business performance and reduce overall costs have prompted many executives to seek new approaches, including outsourcing of the finance and accounting function.
Engaging a one-stop firm, such as ours, provides the client the opportunity to benefit from the services of fully qualified and specialised resources without the burden of hiring people, sick leave, optional leave and running the office.
In case the company already has an established financial services department, outsourcing part of the work can assist in reducing and managing the workload and increase overall efficiency. According to a recent estimate, outsourcing your accounting work can reduce your business cost by as much as 40%. Engaging BDO Malta does not only reduce the costs of your company but also provides your business with the benefit of an efficient and experienced back-office service. The bottom line is that it saves you the time and effort and leaves you free to fully concentrate on what matters most, which is, running the business.
The level of service is tailored to suit the level required by the client, whilst maintaining a high quality of service at a highly reduced cost through efficiencies of operation and economies of scale. The package of service may include either full outsourcing of the services provided by our highly qualified and experienced staff, or the outsourcing of one or more services which the client wishes to sub-contract.
The services include, but are not limited to, the day to day postings, debtor collection, supplier payments, maintenance of bank accounts, preparation of monthly/quarterly/annual management accounts, liaising with auditors, tax planning and submission of annual returns as well as VAT representation and compliance.
Accordingly, our firm is appropriately suited to assist your company to transform itself into a high-performance organisation that streamlines processes, maintains compliance and cuts costs, all while letting you focus on your core competencies and the growth of your business.