K2's Effective Automation And Outsourcing

Overview

While outsourcing and automation have been used in multinational corporations, the decline in accounting program enrollment at many universities has made finding qualified entry-level staff more challenging and forced a new conversation about these tools in small and mid-sized businesses. This session will discuss the business environment for outsourcing and review the ethical, regulatory, and practical considerations associated with revealing data and relying on the work of others in your organization.

Highlights

Overview of how firms and businesses currently use automation and outsourcing
Discussion of the management and regulatory compliance issues with offshore and onshore outsourcing use in small and mid-size organizations
Review of which tasks are best suited for offshoring, which solutions are best for onshore outsourcing, and which solutions can be solved with technology
Discussion of specific solution providers which provide solutions for tax and accounting firms as well as internal accounting departments

Prerequisites

Fundamental understanding of business-related technology

Designed For

Accounting professionals who are considering the use of automation and outsourcing in their work

Objectives

Identify at least three business processes that can be made significantly more cost-effective using automation and outsourcing
Identify at least three tasks that are not appropriate for offshore outsourcing and automation
Identify at least one service provider or technology solution discussed in the course which provides a solution to a common accounting-oriented task
List examples of why outsourcing and automation have been used in enterprises and multinationals but have weak adoption in small and mid-sized businesses