Posted by Vheldan Armor Maranan
Nov 29, 2024
Share
As a culturally diverse and economically stable country --- with no economic recessions from 1991 to 2020, Australia has since positioned itself as having a thriving business landscape, giving companies under various industries the freedom to scale, streamline operations and apply various strategies to help them deliver quality products and/or services.
In the finance and accounting industry, Australian accounting firms have been utilizing this diverse landscape to be able to offshore their accounting needs, employing offshore accounting service partners outside of the country to be able to access accounting expertise in a cost-effective manner while still getting quality talents.
Why Offshore Accounting?
Offshore accounting offers Australian firms access to skilled professionals, advanced technology, and scalable services—all at a fraction of the cost of maintaining a local team. The firm recognized the value of this approach and sought a partner who could offer more than just basic bookkeeping. They needed a team that could grow with them, provide depth, and deliver strategic services.
This is where D&V Philippines comes in. With our expertise in finance and accounting, we are able to help Australian Accounting Firms not only stay on top of their operations but be able to continuously expand, providing quality services for their clients in Australia.
One such example is an Australian Accounting Firm that we have worked with for over 8 years.
Enter D&V Philippines, a trusted outsourcing partner specializing in finance and accounting. The firm’s partnership with D&V became a turning point. With a team of experienced Certified Public Accountants (CPAs) and a client-centric approach, D&V Philippines provided the tailored solutions the firm needed.
Read: How to Tailor your CFO Services According to Every Client’s Needs
What Set D&V Philippines Apart?
Scalability and Depth
The firm began their partnership with D&V Philippines by outsourcing basic bookkeeping tasks. As their client base expanded, they were able to scale seamlessly into advanced services like tax preparation and financial modeling. This ability to scale was a game-changer, allowing the firm to focus on growing their business while leaving operational complexities to D&V.
Streamlined Processes
During onboarding, the firm worked closely with D&V Philippines to map out processes and align workflows. This ensured that the offshore team operated as an extension of the firm’s local team, maintaining efficiency and consistency.
Transparent Communication
Language barriers were a common concern, but D&V Philippines’ talents were well-versed in the English language. Their team’s high English proficiency ensured smooth communication through emails, calls, and virtual meetings. This level of fluency allowed the firm to maintain trust and confidence with their clients.
Adaptability to Client Needs
Our offshore team didn’t just execute tasks—they collaborated with the client’s employees in Australia.
Whether implementing a client-specific accounting system or refining processes, D&V Philippines consistently adapted to meet the firm's evolving requirements, making them an essential member of their firm as our team was able to give helpful insights on the company’s next steps and growth strategies.
Success Through Partnership
The results of this partnership were remarkable. Within just a few years, the accounting firm:
- Grew their client base from zero to over 100.
- Streamlined onboarding processes to support new clients effectively.
- Expanded service offerings, including CFO-level business analysis and tax work.
- The partnership also enabled the firm’s founder to focus on strategic growth initiatives, confident in the operational support provided by D&V Philippines.
For Australian accounting firms, offshore accounting isn’t just a cost-saving measure—it’s a pathway to growth and efficiency. The success story of this firm demonstrates the value of choosing a partner like D&V Philippines, whose commitment to scalability, adaptability, and client collaboration makes them an ideal ally for firms looking to achieve sustainable growth.
Read Next: Spearheading Change: How to Direct your Company’s Growth
Unlock Your Accounting Firm’s Potential
The accounting landscape is competitive, and clients demand more than ever. With a partner like D&V Philippines, Australian firms can meet these demands head-on, delivering exceptional service while focusing on strategic growth.
If you’re interested in learning more about our services, schedule a free consultation with us or download our Your Talent Sourcing Partner Whitepaper to see how we value our talents!
This article has been written in collaboration with Aly Tagamolila, a content specialist at D&V Philippines.
