Building Offshore Team of Finance, Back Office & Accounting for Businesses
Working with 200+ CFOs and Controllers of Mid to Large Size Businesses Since 2015
End to End Partnerships in Building Offshore Teams for Your Business
Hiring and Building Offshore resources can add tremendous value to the businesses.
When implemented effectively, offshore operations can substantially benefit your business.
Increased
competitive edge
Cost
Efficiency
Preparedness for
Recession
Expand
business
More value for
onshore Team
Fastrack Your Business
With Our 360° Offshore Team
Give your business a profit boost with our expert accounting help! Our team has the know-how to make sense of complicated money matters by looking at the important numbers. We aim to give you useful advice that helps meet your business goals. We come up with spot-on financial solutions that fit what you need and line up with your company's special aims.
Accounting & Backoffice
- Bookkeeper
- Accountant
- AR / AP Assistant
- Sr. Accountant
- Data Analyst
- Financial Analyst
- Accounting Supervisor
- Accounting Manager
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Grow your financial efficiency with our tax professionals! Our skilled tax experts specialize in navigating complex tax landscapes and securing optimal benefits for your business. We focus on strategic tax planning and compliance to ensure you capitalize on all available tax advantages. Our goal is to support your business objectives with precise and forward-thinking tax solutions that align with your firm’s unique aspirations.
Tax
- Tax Prepare (individual)
- Tax Prepare (Business)
- Tax Accountant
- Sr. Tax Prepare
- Tax Preparer (Expat/International)
- Tax Analyst (IRS Representation)
- Tax Reviewer
- Tax Manager
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Strengthen your business integrity with our comprehensive auditors ! Our experienced auditors are dedicated to delivering detailed and objective analysis of your financial records. We ensure thorough examination and transparency to affirm your financial statements' accuracy and reliability. Our approach not only helps in meeting regulatory requirements but also in enhancing internal controls and operational efficiency, aligning perfectly with your firm’s specific goals.
Audit & Assurance
- Audit Associate (Financial Audit)
- Audit Associate (Non-Profit)
- Audit Associate (EBP)
- Audit Associate (Internal Audit/SOX)
- Audit Senior ( Financial Audit)
- Audit Senior (Non-Profit)
- Audit Senior (EBP)
- Audit Senior (Internal Audit/SOX)
- Audit Supervisor
- Audit Manager
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Drive your business forward with our diverse range of non-accounting roles designed to complement your core business needs. From admin roles to Business Developement, our team is equipped to deliver critical insights and innovative solutions that support your strategic decisions. We focus on delivering tailor-made services that ensure your operational objectives are met, fostering growth and sustainability in alignment with your company's long-term vision.
Others
- Virtual Assistant
- Digital Marketing Specialist
- Social media Specialist
- Customer Support Associate
- Data Entry Assistant
- Talent Acquisition Specialist
- SOC Specialist
- IT Support Associate
70%+ Cost Savings
| In House | Offshoring – Micro Teams With MYCPE ONE | |
|---|---|---|
| Salary | $34,000 | $15,000 |
| Employer NI and penson | $5,712 | - |
| Hiring Cost | $2832 | - |
| Other Over Head | $2,000 | - |
| Total Cost | $44,544 | $15,000 |
Not just cost savings
- Addressing Staffing Shortages
- Take workload off your core team
- Better Back Office, Books and Business
- Onshore Team Focuses on Strategic Task
- Improves Efficiency and Faster TAT
- Improves Reporting and Decision Making
- Scalability of Increasing or Reducing Staff
- Access to Better Talent Pool
Hiring Process
01
Sign Up
- Online Sign up
- Assigning Manager
- Intro Call
02
Onboarding
- Interview
- Test
- Orientation Call
03
Getting Started
- Usually Process of Staff
- Getting Started 1 to 4
- Weeks
| Week 01 | |
|---|---|
| Meeting/Training | Daily 1 to 1.5 hour |
| Review / Involvement / Feedback | Very High |
| Week 02-03 | |
|---|---|
| Meeting/Training | Daily 30 minutes |
| Review / Involvement / Feedback | High |
| Week 04 | |
|---|---|
| Meeting/Training | Ongoing |
| Review / Involvement / Feedback | Medium |
Why building offshore back office, finance & accounting team
| Size of Business (By Revenue) | Finance, Accounts & Backoffice Department | 60% - 80% Savings | |
|---|---|---|---|
| Team Size | Salary Cost | ||
| > $2M | Outsourced | $5K - $10K | $3K - $7K |
| $2M - $5M | 2-5 | $150K - $300K | $100K - $250K |
| $5M - $10M | 5-10 | $300K - $600K | $250K - $500K |
| $10M - $25M | 10-25 | $600K - $1.5M | $500K - $1M |
| $25M - $50M | 25-40 | $1.5M - $3M | $1M - $2M |
| $50M - $100M | 40-50 | $3M - $4M | $2M - $3M |
| $100M - $250M | 50-75 | $4M - $5.5M | $3M - $4M |
| $250M - $500M | 75-100 | $5.5M - $7.5M | $4M - $6M |
| $500M - $1B | 100-250 | $7.5M - $19M | $6M - $14M |
| $1B - $5B | 250-750 | $19M - $55M | $14M - $40M |
| > $5B | 750-1500 | >55M | >40M |
Source Controller Forum's Insights 2019
Case Study: Acktify
Company at a Glance
Acktify is a small business that purchases goods from distributors across the United States and sells them directly to consumers through online marketplaces.
With a high-volume, low-margin business model, Acktify currently serves customers in the USA & Canada via Amazon, eBay, Walmart & Jet.com.
When Acktify faced significant financial control challenges surrounding the procure-to-pay cycle within the company, they chose MYCPE ONE to address their financial and operational obstacles.
The Challenge
The absence of an ERP system led the company to rely heavily on manual processes, including the crucial accounts payable function.
Without the automation and integration provided by an ERP system, invoices were paid without proper verification, posing significant risks to financial accuracy.
This inefficiency and risk exposure resulted in Acktify feeling an urgent need to simplify and streamline the entire Finance & Accounting (F&A) process.
CFO expressed that they lack financial controls
“ There was no ERP system that would match prices to POs and receipts to invoice quantities. We didn't have it. I had an understaffed accounts payable team that was paying invoices and taking it on faith that the invoices were correct, which is really no way to run a business.
What I basically did, is build up an almost manual ERP system overseas with the offshore team. I have a group of six offshore staff who are really serving as Excel jockeys to a degree. They're doing tasks and analytics to validate invoices and support the approval cycle. ”
John Leydon CPA
CFO of Acktify
John Leydon's journey to simplify the entire F&A process
As the CFO of Acktify, John Leydon built a team in collaboration with MYCPE ONE to address financial control and operational challenges in the procure-to-pay cycle. With a small onshore team, he started leveraging offshore resources to create a manual ERP system using Excel-based analysis and QuickBooks.
Looking toward his firm's future, John expressed his delight with MYCPE ONE’s offshore team:
"MYCPE ONE's offshore team proved to be an extraordinary catalyst in transforming our need to implement a fully functional ERP system into a tangible reality. I was quite impressed by the offshore team's remarkable expertise in financial control, reporting, and support for transactional data, helping us streamline efficiency across our entire F&A process."
John added that the execution was so smooth that they are now planning to increase the offshore team size and their responsibilities so that Acktify can reach the ultimate goal, a fully functional ERP system.
THE SOLUTION
The availability of our skilled staff members, competitive cost advantages, and ability to quickly build a team overseas prompted Mr. Leydon to explore MYCPE ONE as a viable offshore solution to their challenges.
What we did:
- Achieved faster turnaround on financial operations
- Cut back on time spent hiring accounting staff members
- Help them focus on high-end activities and firms growth
- Provide access to skilled and qualified staff at minimal cost
How We Helped
Our offshore team's work ethic and attitude greatly impressed Acktify's CFO. Despite initial challenges and iterations in establishing routines and reconciliation templates, our team remained committed and continuously improved their performance. This dedication allowed Mr. Leydon to delegate more tasks to the offshore team, freeing up his local staff to focus on other essential responsibilities.
Execution
01
Evaluation
The evaluation period was very crucial for John and MYCPE ONE as well. Acktify relied heavily on manual processes, particularly in its accounts payable function. They had new data sources from which the firm had to build reports and data that had never been vetted.
02
Action Plan - Deploying the Offshore Team
The CFO understood the major issues that needed to be addressed and the importance of creating a proper action plan. The firm's plan involved integrating an offshore team to provide financial control, reporting, and transactional data support.
03
Reviewing Actions that were implemented
MYCPE ONE’s offshore team demonstrated a great work ethic, adaptability, and willingness to learn. Over time, they moved from remedial work to more advanced analytics, which allowed firms to delegate additional responsibilities and projects to the offshore team.
Client Success Story
“ The offshore team of MYCPE ONE demonstrated a great work ethic, adaptability, and willingness to learn. Over time, they moved from basic work to more advanced analytics. Which allowed me and my team to delegate additional responsibilities and projects to the offshore team. ”
John Leydon CPA,
CFO, Promax Supply Inc (Aktify)
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