The COVID-19 crisis has brought a widespread disruption that has been tremendously testing the ability of most organizations to turn their on-premise based functions to remote work – in a matter of weeks or days. In the face of emerging business challenges, it turned obvious that the key to survival (or even to recovery and getting back to new normal) is agility and the flexibility to make changes as they are needed. This applies to all functions of the company – including the back office.
The inevitable change of mind
The back office plays a vital role in every company no matter the dimensions or type of business. Organizations that have already started their digital transformation – by digitalization, automation and transferring their back office processes to online – were able to respond to the recent challenges more effectively. Companies where the back office is still based on paperwork, on-site systems and on-premise staff presence, have been struggling in many ways and may be fighting for survival.
Moving the back office into cloud has quickly become a must-have, making it the agenda number one in many organizations as there is no doubt about the benefits. Companies that have been holding back so far will probably change their minds quite soon, they just need to decide on the proper timing to move forward and embark on their own journey to become digital. There seems to be no way back.
High expectations for the cloud office
The expectations for a cloud-based back office go far beyond securing a remote work. Simplified and streamlined processes, boost of automatization, increase in efficiency and productivity may be just a few of the most important points – together with significant cost savings, as cloud solutions cost less in general.
For the wide range of back office functions, such as finance and accounting, payroll processing and HR administration, T&A management or even managing travel and expenses, the main challenges are connected to effectiveness, accuracy, timeliness and accessibility anytime and anywhere, together with the security maintenance of complex and vulnerable IT systems. In particular, security comes into spotlight when an organization has a robust ERP system integrated with a set of online applications and web-based tools.
Getting started with our portal solutions
In Accace, we have already gone a long way towards our own digital transformation. Combining our background in BPO and the latest cloud-based technologies, we have developed an online platform that integrates accounting, reporting, payroll and HR administration, T&A management and other functions or modules – providing a wide space for process optimization through digitalization, automation and robotic processing.
When using our platforms and integrating them into current system landscapes, there are no boundaries encountered in terms of scalability, agility, multiple deployment options, continual updates and customizations without heavy investments into upgrades of overall systems already in place within the company. Moreover, the integration with existing systems enables an increased reporting reliability and provides an automated reporting function with access to real time data.
The offering of our cloud-based solutions for accounting, payroll and HR is augmented by our full range BPO services, covering IT security management, maintenance and user support. Learn more about our solutions and how you can utilize them to your organization’s benefit.
Take your accounting to the cloud
See what the portal offers
Take your payroll, HR and T&A to the cloud
See what the portal offers
Lift and shift transition – smooth and quick
The platform is designed in a way that enables the uplift of certain processes and back office functions from the current systems that run in the company and moving them to the cloud-based environment. The deployment of the cloud portal for selected functional capabilities does not necessarily involve a disruption or complex changes of existing processes and IT systems – and thus, it does not intricate IT risks. The platform can be utilized for any company, as it is highly customizable. In most cases the transition can happen just within a few weeks or months – unlike the projects of total on-premise ERP transformation that could take even years.
Our service portfolio covers:
- Market entry
- Tax advisory and tax compliance services: Tax registration and refunds | Non-residents and Global mobility | Personal income tax | Advisory online portal
- Legal advisory: Corporate law | R&D | Banking and finance | Insolvency, restructuring and bankruptcy | Intellectual property | GDPR | Compliance programs | Labour law | Commercial and civil law | Other legal services
- Accounting and reporting services | Accounting Portal
- Payroll and HR administration services | Payroll portal
- Transaction advisory: Due diligence | Mergers and acquisitions
- Transfer pricing services
- Corporate and secretarial services: Company establishment | Domiciliation services | Representation services | Full range corporate secretarial support
- Online consulting
- Ready service pakages