Understanding Offshore Accounting
Outsourcing of Accounting and Finance functions in Accounting firms started in the 90s with the big 4 who had the capital to invest in their own back offices. Over the years, third party service providers – such as Obox Solution – were formed in South Asia to provide this service to other smaller Accounting firms in the developed world. By the mid 2000s, the smaller firms started to catch on to the idea which had made the top companies tremendously efficient in their operations. Now, even small firms with 0 – 20 employees are thriving with the use of Offshore Outsourcing.