You've been outsourced

by admin on May 10, 2007

in General

Alex Hawkes reports on a Daily Telegraph story about the profession where it asserts that accountants will be outsourced within 30 years:

‘This is a very new thought for the highly-educated, white-collar class to think that they may have to compete with low-wage foreign workers. Manufacturers have been doing that for generations. But accountants, lawyers, intellectuals?’

Alex and everyone else commenting on this – wrong, wrong, wrong. 5-10 years max.

The Big Four have been outsourcing routine accounting and tax work for many a year. Small firms are seeing the value add potential.

Hint: What do you think the real end game is for companies like Winweb and Twinfield – which are creaming Sage on customer acquisition?

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Jason Holden

Someone or other has for as long as I have been in the profession (some 19 years now) been banging on about either accountants becoming a thing of the past (this was when Sage started to roll out to the masses of the SME) and more recently, well for the last 5 years anyway, outsourcing.

It’s another example of someone wanting to get them selves noticed, accountants won’t be outsourced as there is a huge SME market in the UK who like a local accountant and that will not change no matter how hard some people may try to force it!

I can certainly see the mundane being outsourced though, but it has to be for a lower cost of course and there needs to be a saving in time also and not just costs to outsource. This will leave the accountant time and fee free to take the time to advise, something a lot are not very good at though, some are only capable of compliance work rather than advisory work, and that’s the rub!

Outsourcing the mundane will hopefully result in the old ‘paper bag’ job becoming a thing of the past, and that’s not a bad thing!

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