Once upon a time, the majority of businesses had a product or service to sell, employees to sell it, and a back office to ensure that the business was functioning efficiently. Today, some businesses no longer maintain a back office. Instead, they are turning to outside providers for functions like accounts payable, accounts receivable, and payroll – and for good reason. Matt Long, a principal on Rea’s client advisory services team, joins us on this episode of unsuitable on Rea Radio to talk about the benefits associated with outsourcing the back office and why more businesses are choosing this route. The Times They are a Changin’ In return for outsourcing the back office, business owners are gaining more time to focus on the work they are passionate about; peace of mind knowing that that their bills and employees will be paid on time, every time; and timely access to vital data to help manage their business better. This is why accounting and finance professionals have to become – and we’re sure you’ve heard this before – trusted business advisors for their clients, leveraging every new tool possible to do the work efficiently and effectively, and then learning how to communicate the data in a way that relates to the client’s goals. If you are an accounting and finance professional or you are a business owner in need of these services, you will be interested in these other topics discussed in this episode:
- Why outsourcing the back office can be both more affordable and more beneficial for small- and medium-sized businesses.
- How leveraging technology means less work for accountants and better data for our clients (and the technology that we’re using at Rea).
- Transitioning from reactive business practices to proactive business practices.
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