2022 CAS Survey Reveals 33% of Prime CPA companies Outsourcing Bookkeeping Services to Overcome Talent Scarcity; IBN Technologies offers cost-effective options.

MIAMI, FLORIDA, USA, October 5, 2023 /EINPresswire.com/ — Within the wake of the continued expertise scarcity plaguing the accounting {industry}, a rising development of outsourcing bookkeeping Companies has emerged. The outcomes from the 2022 CAS Benchmark Survey, that includes insights from 167 CAS Practices reveal a urgent difficulty: companies are struggling to tackle new purchasers because of staffing constraints. This limitation is attributed to the shortage of certified professionals out there out there.

Key Takeaways

1. CPA and Accounting Firms Face Talent Scarcity Disaster
2. Survey Reveals Challenges in Consumer Acquisition and Staffing
3. IBN Technologies Gives Value-effective Outsourced Bookkeeping Services

The survey reveals that 33% of the top-performing companies in 2022 and 26% of all respondents have resorted to outsourcing bookkeeping companies to third-party suppliers, together with offshore companies. Moreover, 33% of top-performing companies and 27% of all respondents are leveraging AI-enhanced software program for bookkeeping. These statistics underscore the {industry}’s shift in the direction of revolutionary approaches to liberate employees from lower-margin bookkeeping, thereby creating capability for extra high-value shopper work.

The findings from the 2022 CAS Benchmark Survey highlight the urgent want for CPA and Accounting Firms to discover artistic capacity-expanding methods. Amidst this difficult panorama, IBN Technologies, a number one outsourcing service supplier, emerges as a strategic associate providing substantial advantages of outsourcing companies for CPA and Accounting Firms.

In 2022, as reported by Accounting Immediately, CPA companies had been desperate to shift their focus to advisory companies. Nevertheless, a big 47% discovered themselves caught up in compliance duties because of useful resource shortages. The downward strain on service costs, beforehand recognized as a prime problem, compounded the dilemma, making profitability a difficult pursuit.

The expertise scarcity performed a pivotal function on this dilemma, driving up salaries for accountants and inflating related recruitment, worker advantages, infrastructure, and coaching prices. Hiring, because of this, advanced right into a prohibitively costly endeavor for CPA companies.

“The accounting {industry} is present process a significant transformation, demanding substantial time and assets that many companies could discover difficult to allocate. That’s the place IBN Technologies is available in. We maintain the bookkeeping duties for our purchasers, to allow them to give attention to delivering value-added companies to their purchasers and staying forward of the competitors.” – Ajay Mehta, CEO of IBN Technologies

With IBN Technologies, CPA companies can entry offshore outsourcing companies beginning as little as $10 per hour, considerably decreasing bills by as much as 50% in comparison with onshore hiring. IBN takes care of offshore staff salaries, infrastructure, and general administration, assuaging CPA companies’ worries. The result’s substantial value financial savings for CPA companies struggling to navigate the challenges of pricing pressures and expertise shortages.

When CPA and Accounting companies collaborate with IBN Technologies, they not solely obtain value financial savings but in addition reclaim precious time in any other case spent in prolonged recruitment and coaching processes. This streamlined strategy allows companies to scale quickly, affordably, and with higher flexibility.

Furthermore, IBN Technologies ensures that CPAs keep technologically up-to-date with out substantial value escalation. Their licensed staff is proficient within the newest accounting software program for CPA companies, together with Sage, Xero, Quickbooks, and different industry-specific instruments. This proficiency empowers CPA companies to seamlessly combine software program into their processes, enhancing automation, decreasing human error, and bettering general effectivity. Take a look at their Case Examine on Outsourcing for CPA Firms.

IBN Technologies holds ISO 27001:2022 certification for Data Safety Administration and is CERT-certified for Information Safety, assuring purchasers of its dedication to securing its infrastructure.

Ajay Mehta additional emphasizes: “At IBN Technologies, our aim is to not simply present cost-effective outsourcing however to empower CPA companies with the newest expertise, safety, and scalability. We’re devoted to making sure our purchasers can thrive on this aggressive panorama.”

Supply URL – https://www.ibntech.com/pressrelease/top-accounting-and-cpa-firms-outsource-bookkeeping-services/

*Learn Extra on the 2022 CAS Benchmark Survey quoted above: https://www.cpa.com/websites/cpa/information/2022-12/cas-benchmark-survey-22-cpacom.pdf

About IBN Technologies

IBN Technologies LLC is an outsourcing specialist firm with purchasers in america, the UK, the Center East, and India. The standard of IBN Tech procedures is assured by ISO 9001:2015, 27001:2022 in addition to a CMMI-5 certification. In its greater than 24 years of existence, IBN has grow to be a number one IT, KPO, and BPO outsourcing specialised firm within the Finance & Accounting, CPAs, Hedge Fund & Different Different Funding enterprise, Banking, Journey, Human Resource & Retail Business sectors.

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