Why Offshoring is the Intelligent Way in Accounting Outsourcing

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The most frequently asked question at conferences, exhibitions, and events is "I'm considering outsourcing. Can you enlighten me on your process?" Given our name is Intelligent Outsourcing, the question is a fair one.  We reply that offshoring is the intelligent way in accounting outsourcing.  The terms “outsourcing” and “offshoring” are often used interchangeably, so let's demystify the terminology. Both ideas involve the delegation of tasks to a third-party supplier.  They differ significantly in scope, geography and your relationship with the individuals who is doing the work. So, let’s look closer at the difference between outsourcing and offshoring and how accountants use…

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iO Team Building 2024: Elevating the Team’s Dynamics

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iO Subic Team iO Legazpi Team In the fast-paced, interconnected world of today's workplace, success often hinges not just on individual brilliance, but on the collective synergy of teams. Whether you're in a corporate setting, a startup, or a non-profit organization, the ability to build and maintain effective teams is paramount.  Team building isn't just about trust falls and icebreaker games; it's a strategic process that requires thoughtful planning and nurturing. Led by our dynamic CEO Nikolai Naylor, the Intelligent Outsourcing team went to Puntabelle Resort to elevate team dynamics and to forge team spirit amongst the team members. It…

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A Fun Run for a Cause – iO Hamster Run 2024

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Intelligent Outsourcing held a fun run event last April 28 as a celebration of iO’s 8th anniversary. What’s more meaningful is that this event aims to help protect the forest of Zambales by donating and planting tree saplings later this year. Each registrant is equivalent to 1 tree sapling which, later this year, will be planted in cooperation with the SBMA Ecology department. As the sun rose on a hot Sunday morning of 28 April, the Moonbay Roundabout came alive with the rhythmic pounding of feet, laughter and excitement from the participants, and the vibrant energy of camaraderie. The event…

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Accountex London 2024 : What You Need To Look Forward To

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It’s that time of the year again. Accountex London 2024 is happening on 15-16 May in ExCel London with over 295 top fintech companies which will come together to share their knowledge and expertise in accounting and finance.This year, we can’t contain our excitement as Intelligent Outsourcing will once again participate in the exhibition. And not only that, but we’re also looking forward to this exhibit as our CEO Nikolai Naylor will be a panelist in one of the sessions during the event.I know that the excitement is growing because only a few weeks from now before Accountex London commences,…

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Implementing Four-day Workweek: A Productivity Revolution

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The Covid pandemic has taught us a lot of things, one of which is the value of spending time with family and loved ones. The global health crisis transformed the way we do our businesses, and it pushed company owners to think of ways on how to become productive with much consideration on employee well-being. Intelligent Outsourcing recently implemented a four-day workweek schedule for its team members in exchange for the work from home (WFH) setup after the threat of the Covid pandemic has leveled off. Arguably, Intelligent Outsourcing is one of the very few companies in the Philippines who…

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Accountex Canada 2023 : The Experience

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Intelligent Outsourcing went to Accountex Canada 2023 and it was absolute success. It was a platform for a lot of professionals, leaders, and experts in the field of finance, accountancy, and bookkeeping to come together and share their knowledge, experience, and expertise about the industry. There were many talks for everyone to go to, to learn more and booths offering services and products to support the accounting and bookkeeping firms attending.There was lots of networking, learning, and exploring the latest trends that will shape the future of the accounting and the bookkeeping firms. Here are some of the highlights from…

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Why Offshoring is the Intelligent Way to Outsource

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The most frequently asked question we get at conferences, exhibition and events is, “I’m considering outsourcing.  Can you please let me know how it works with you?”.  As we are called Intelligent Outsourcing, the question is a fair one.  We reply that offshoring is the intelligent way to outsource.    Let me explain.  The terms "outsourcing" and "offshoring" are often used interchangeably, leading to confusion. While both concepts involve the delegation of tasks to external entities, they differ significantly in scope, geography, and strategic intent. So, let’s have a closer look at the difference between outsourcing and offshoring and the…

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Why Offshoring is a Smart Move for Accountants

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In the ever-changing landscape of accounting, accountants are increasingly turning to offshoring as a strategic tool to enhance efficiency, reduce costs, and stay competitive. Outsourcing bookkeeping, tax returns, VAT, and accounting functions to offshore locations, such as the Philippines, has emerged as a game-changer for UK, European, UK and Canadian accounting firms.  Offshoring offers many benefits which go beyond simple, yet attractive, cost savings. . Cost Savings The most apparent advantage of offshoring bookkeeping, tax returns and other accounting tasks is the substantial cost savings. The UK has a high cost of living and an associated high cost of labour.…

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Marketing for Accountants: How to Get Ahead of the Game

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Accountants do not generally use marketing strategies to grow their businesses. Most accounting professionals rely on client referrals.  They know that businesses will always need core accounting services such as bookkeeping, VAT returns, end of year accounts and payroll.  They hope that their clients will refer them to other business owners.  This can and does happen to accountants who look after their clients, but it cannot be relied upon to grow your business as you have no control over when and how often it happens. So how do you gain control over your business growth?  Business growth is not like…

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iO- Services Innovator of the Year Finalist

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The need and ability to constantly innovate is widely recognised as one of the major contributors to business success. Innovation is vital for the UK’s economic growth, productivity and prosperity. The Innovation Awards recognise, celebrate and reward the businesses, organisations and individuals who are dedicated to innovation.  iO is delighted to have been voted as a finalist in the Services Innovator of the Year category in the prestigous Innovation Awards. Here is why iO was selected:  Innovation is the driving force behind the growth and prosperity of businesses around the world. It propels organisations to stay ahead of the competition,…

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