Multiple Resources
All too often, businesses are juggling the day-to-day responsibilities of being profitable (i.e. selling their products and/or services) without dropping the ball on the more complex and time-consuming tasks of finance, accounting, and payroll. They’re simply trying to do too much with too few resources.
When your company gets folded into the World Group portfolio, many of those responsibilities go away. Here are just a handful of benefits that World Group’s centralized accounting services deliver.
Cost Effectiveness
Having a third-party handle your accounting is generally less costly than hiring someone in-house. It saves you the time and money required to recruit and train, and also relieves you from paying payroll taxes, salary, insurance, benefits, time-off, etc., for those individuals.
Organizational Focus
Hiring an internal accountant won’t necessarily drive revenue. But moving your accounting to World Group allows you to put that money toward the activities that will drive revenue.
Expert Staff
You gain access to professionals who are trained, experienced, and knowledgeable in general accounting practices. They can streamline wasteful processes and help you better understand your finances, provide guidance, and handle complex situations and tasks.
Leading Technology
Today’s powerful, scalable software can make complicated accounting a snap…for a price. World Group already has this software in-house, so adding your company’s accounting to a state-of-the-art platform is a zero-cost activity.
Data-Driven Decision-Making
Good financial data should be the backbone of your business decisions. With access to powerful software, you can identify critical data to generate the reports that effectively provide answers to questions you didn’t even know to ask.
Increase Control
Moving your accounting to a third-party reduces the risk of fraud and allows for greater internal controls. And, the World Group accounting professionals will be able to identify where there are problems, flagging errors and notifying you of any inconsistencies.
Service Tie-Ins
World Group provides other business services such as human resources, marketing, and legal services. With all these services centralized, the departments can work together to develop integrated strategies that are impossible to implement within departmental silos.
With World Group, you gain access to the most sophisticated software platforms and the professionals who know how to effectively utilize them, and you minimize overhead to fund direct-result expenditures that positively impact your company’s bottom line.