Things you didn’t know you can outsource - Finance edition
Many financial services firms spend a large resource of time and money managing internal finance and accounting functions that detract from important aspects of the business. This is why many firms are beginning to outsource functions such as management reporting, taxation, bookkeeping services, payroll, Self-Managed Superfunds, data analysis and analytics and more.
Things you didn’t know you could outsource
Data Analysis and Analytics
Do you want to make better business decisions backed by strong data analysis and analytics?
At APT, our team of skilled Data analyst and Business Intelligence developers leverage their experience and knowledge in designing a comprehensive Business Intelligence solution. This will allow your business to ger a complete 360 view of your organisation, know various root causes, perform what-if analysis, optimize performance, create customised dashboards and view valuable and meaningful insights on the go.
Every business has data, but not every business knows how to use it to its greatest extent. Not every business thinks they need to utilise data and that is usually because they have never seen how great it can be when you have strong data analysis on your side.
By unlocking a deeper analysis, you are unlocking key information about your business, your customers and even your employees. The benefits of exceptional data analysis include making more informed business decisions, creating stronger marketing campaigns, improving efficiencies of under-performing KPIs, creating, monitoring and rewarding LPI’s within your company, making faster business decisions and greater resources and ability to be proactive and more.
Management Reporting Services by APT
Our management reporting services can help you make informed business decisions, while minimising time spent having to manipulate data, create graphs and other time consuming tasks. At APT, we can prepare statements and reports to give you a detailed analysis of the performance of your organization. We can assess the financial reports of your business and give you a report of the overall profitability.
Management reports are extremely important in business, but the decision making lies within the interpretation of the report. Spend your valuable time utilising the data, not being the on to collect and present it.
APT works for you to improve efficiencies. Our contract includes a team of highly experienced, offshore staff who work for your business only. They understand your business, your data, your systems. Our people also have experience in your industry, meaning they will understand legislation, terminology and more. You will also be assigned a team leader who handles all workloads and ensures KPI’s are met – meaning you are using as little time and resources onshore as possible. Free up your time to make meaningful business decisions (backed by data prepared for you).
Creating high quality management reports, using up to 70% less onshore resources. We understand that time is money, which is why we ensure our management reporting services are done to a high-quality while also being efficient. This is done by optimising processes and technology, while only employing the best people.
If you are looking for an outsourced management reporting service, APT is here to help. With management reporting being one of many services and benefits that come with having APT as an extension of your business.
SMSF Compliance Services by APT
SMSFs are becoming increasingly onerous for accountants to maintain. In fact, many accounting firms run at a loss after factoring time to manage superannuation. Our SMSF Outsource Solutions provides a truly high quality yet cost-effective service to firms who would like to outsource their SMSF accounts preparation. Our SMSF service includes preparation of financial statements, preparing the minutes, deduction notices, applying for actuary certificates etc. Our deliverables are of superior quality and is directly given to the SMSF auditor appointed by you.
Our annual SMSF compliance services include:
- Preparation of Annual Financials & Tax Returns
- Preparation of Fully Referenced Electronic Workpapers ready for Audit
- Preparation of Trustee Resolutions, Minutes & Other SMSF Compliance Documents
- Procuring Actuarial Certificates
- Preparation & Electronic Lodgement of quarterly BAS/IAS returns
How can APT help your financial services firm through outsourcing?
In the current financial services landscape, businesses need to be adaptable to the ever-changing legislation and regulation.
By outsourcing these 3 services with APT, your financial services firm can gain the competitive advantage you have been looking for.
At APT, our contract extends further than just offering offshore staff. For around the same price as outsourcing firms, we also offer process design, improvements to technology, building new technology and evaluating which workflows can benefit by moving roles offshore.