What's The Difference Between Offshoring and Outsourcing?
While both outsourcing and offshoring can help UK accounting firms save costs and access specialized talent, they differ significantly in control, scalability, data security, and long-term growth potential. The table below offers a quick at-a-glance comparison.
Factor
Outsourcing
Offshoring
Control
Relatively hands-off. The vendor sets quality standards; less day-to-day control and limited oversight.
Operates within your systems; you have daily control and oversight of processes.
Scalability
Quick for short-term projects, reliant on vendor capacity.
Ideal for long-term growth; you can add remote team members as your firm scales.
Core Function
Best for peripheral tasks or short-term projects that don’t require intense integration.
Ideal for core, ongoing functions where consistency and deep alignment with your firm are crucial.
Risk Management
Outsourcing provider absorbs some risks; however, you depend on their stability and compliance.
You control policies and procedures, though you also bear responsibility for managing offshore risks.
Accounting firms are struggling to hire and retain skilled chartered accountants, especially outside of the big cities.
Under Resourced
Accounting Firms are struggling to find the resources to complete the workload during busy periods causing missed deadlines.
Overspending on Tasks
SME Accounting Firms are spending 40% more than larger accounting firms for the completion of the same accounting tasks.
Partner Bottlenecks
Firms’ partners often handle routine tasks, limiting their focus on growth and strategic activities.
Offshoring Options:
Flexible
Get the Flexible Staffing You Need, When You Need It: When your firm needs extra hands but not a long-term commitment, our Flexible Resources solution provides the perfect balance.
Secure Long-Term Growth with Tailored Accounting Support: Our Growth resourcing solution offers cost saving and reliable staffing that scales with your firm. Designed to fuel your firm’s success.
Our offshoring model is designed with accounting firms in mind, offering a balance of quality, flexibility, and personalized support that’s hard to find with traditional outsourcing.
The RP Experience:
Dedicated Managers
Every client is assigned an Engagement Manager and a Senior Manager who serve as your main points of contact. This ensures accountability, quality, and a reliable line of communication.
Customized Workflows
We align our workflows with your firm’s unique needs, providing custom onboarding and tailored SOPs that integrate with your existing processes.
Quality Control
Our team includes task specialists who go through a double-review process, so you can trust that every deliverable meets high standards.
Responsive Communication
We operate with a 15-minute response time commitment, ensuring that your team receives timely updates and clear answers to any questions.