3 Reasons Why It Makes Sense to Offshore Your Bookkeeping and Internal Auditing Services

 Last Updated: Oct 17, 2022  |    MIN READ

Some businesses, especially the ones that remain onthe traditional side when it comes to the organizational processes approach, keep their bookkeeping and financial auditing within the company. And while this is likely the same case for start-ups, financial auditing and bookkeeping can become a very tedious task that consumes a lot of a staff’s time and office resources. However, a business cannot simply ignore these services, as they help them maintain compliance with government taxation policies. An efficient bookkeeping and auditing system will also help avoid unwanted penalties and unnecessary procedures that can be more costly when done incorrectly. 

Did you know that keeping auditing and bookkeeping processes and planning in-house can also become a problem? This is true especially for organizations that lack resources to handle such projects on a regular basis. This is where acquiring an offshore audit team can become beneficial or crucial to ease your challenges in certain areas of accounting and finance. In this blog, we list down how offshore accounting and finance specialists can help you drive your operations towards efficiency and accuracy.


Concrete bookkeeping and internal auditing skills

Your business’ growth and next steps heavily rely on accurate financial reports and financial plans for you to forecast trends and make better decisions. With a team of experts that specialize in the subject matter at your side, you can ensure that your internal data are analyzed to its core in order to project more accurate results for your perusal. Offshoring your bookkeeping and accounting operations allows you to focus on revenue-generating projects andthedevelopment of your core business.


Combined skills vs. Individual skills

While most businesses opt for at least one to two accountants to handle their bookkeeping and accounting transactions, the process can become overwhelming for the staff as the project grows along with the business or company. Unlike assigning the task to one specialist, you get a new perspective of your accounting and finances when you let a team of experts with international standards work on them. 


Gain access to the latest accounting and finance technology

Acquiring an offshore team for your accounting and financial services allows your business to gain access to the latest technologies such as accounting data seeding programs, financial planning forecast software, and many more that help generates better result accuracy to navigate your next business decisions. Constant program upgrades and maintenance can cost more each time. However, acquiring an offshoring solution from industry leaders usually come with resources such as 24/7 support, infrastructure, and compliance. Through your dedicated offshore team, your data-driven insights will influence your action plan greatly and help you strategically approach the next business climate dynamics.

If you are considering offshoring some of your back-office tasks or business processes, and searching for cost-effective and flexible solutions to achieve your business goals, you can check out OBP’s Managed Services. Our outsourcing models allow enterprises of any size and industry to take full control over its extended team’s workload, processes, and quality.

To further explore your options, you may schedule a call today and get in touch with our team of experts. Together, we will take your business to the next level.


Subscribe to our Newsletter

Get all our latest news, updates and exclusive offers delivered straight to your inbox.

Data Privacy Policy

Offshore Business Processing values, and respects the Privacy Rights of our Clients, Client's Customer, Business Partners, Contractors, Personnel, and other identifiable individuals or collectively "Individuals".

We are committed to protecting the privacy and confidentiality of Personal Data through adherence to our Data Privacy Principles and the implementation of reasonable and appropriate security measures to ensure fair, appropriate, and lawful processing.

Background and Scope

Offshore Business Processing as a global service provider goes beyond the borders of the residing countries. The global market requires not only the availability of communication, technology, and information systems but also the integrity and confidentiality of processing information including the Personal Data of Individuals that can be reasonably be determined from the information available.

This Data Privacy Policy sets the principles which emphasize the Offshore Business Processing's standard practices for the processing of Personal Data of Individuals. This Policy applies to all personnel and accredited 3rd party service providers who must act consistently with the principles contained in the policy. Domestic and industry-specific privacy statutory laws and regulations shall take precedence over this policy, to the extent applicable within the confines of conflicts of law principles.

Privacy Notice

This privacy notice describes the privacy practices for www.offshorebusinessprocessing.com. This applies to the Personal Information collected by this website. It will notify the user of the following:

  • What personally identifiable information is collected from the user through the website, how it is used, and with whom it may be shared.
  • What choices are available to you regarding the use of your data.
  • The security measures in place to protect against the misuse of information.

How the user can correct any inaccuracies in the information.

Policy Changes on Websites

Any changes to our Data Privacy Policy and Privacy Notice will be made available on our website. If there are changes to how we treat our users' Personal Information, we will notify them via email or put a notification on our website.

The Personal Information/Data we hold about the users must be accurate and up to date. It is the responsibility of the users to ensure that Offshore Business Processing has up-to-date and accurate Personal Information and an active email address for your website update subscription.

What is Personal Information

Personal Information is any information whether recorded in a material form or not, from which the identity of an individual is apparent or can be reasonably and directly ascertained by the entity holding the information or when put together with other information would directly and certainly identify an individual.

Personal Information we collect on our website is First and Last Name, Email Address, Phone Number, and Company through our "contact us" page.

How and Why Do we Collect It?

Aside from our website, we obtain Personal Information in many ways including interviews, correspondence, by telephone and facsimile, by email, from your website, from media or publications, from social media, from other publicly available sources, from our website cookies, and third parties.

We collect your Personal Information for the primary purpose of providing our services to you, providing information to our clients, and marketing. We may also use your Personal Information for secondary purposes closely related to the primary purpose, in circumstances where you would reasonably expect such use or disclosure. You may unsubscribe from our mailing or marketing lists at any time by contacting us in writing.

When you visit our website, www.offshorebusinessprocessing.com, we automatically collect certain information about your device, including information about your web browser, IP address, time zone, and some of the cookies that are installed on your device. Click here to know more about our Cookies Policy. Additionally, as you browse the Site, we collect information about our web pages that you view, what websites or search terms referred you to the Site and information about how you interact with the Site. We refer to this automatically-collected information as "Device Information".

This website may include links to third-party websites, plug-ins, and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our website, we encourage you to read the privacy notice of every website you visit.


Your Personal Information may be disclosed in some circumstances including the following:

  • Third parties where you consent to the use or disclosure; and
  • Where required or authorized by law.

Retention and Security Measures

Only authorized personnel has access to Personal Data and will be retained and disposed of in accordance with Offshore Business Processing's retention and disposal policies, guidelines, and applicable laws and regulations.

Offshore Business Processing implements appropriate and reasonable Technical, Organizations, and Physical Security Measures throughout the Data Life Cycle of the Personal Data that is collected. This involves preventing or at least reducing the probability of unauthorized/inappropriate access to data, or the unlawful use, disclosure, modification, and deletion to protect its confidentiality, integrity, and availability.

Quality of Personal Data and Access

It is important that Offshore Business Processing holds accurate, complete, and up-to-date Personal Data of identified Individuals. It is the responsibility of the Individuals to ensure that collected Personal Data is accurate, complete, and up-to-date. If the Individuals find that the Personal Data is outdated and inaccurate, they should advise Offshore Business Processing as soon as practicable so an update on records can be done and continued quality services will be provided.

Individuals may access, update and or correct the Personal Data by sending a letter of request subject to the approval of the management. Offshore Business Processing will not charge any fee for your access request but may charge an administrative fee for providing a copy of your Personal Data. To protect your Personal Data, we may require identification from you before releasing the requested information.

Contacting DPO

For questions and/or concerns regarding this Data Privacy Policy, use of your Personal Data, or your rights in relation to the Data Privacy Act of 2012, you may contact the Data Privacy Office in the following contact details:

Data Protection Officer
Email: dpo@offshorebusinessprocessing.com
Contact number: (+632) 7502-6411

Copyright © 2024 Offshore Business Processing Pty Ltd
All Rights Reserved