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Engagement Models - FTE Models - Bi-Outsource

Business owners never would like to go with the flow but the proper methodologies, system and cost effectiveness along with the strong work experience. Therefore, they would hire or outsource services to experienced, experts and professionals

Well, Bi-Outsource is the name to reckon with the true potential and combination of experience and the term advanced in the accounting domain. We always strive hard to give the utmost satisfaction to our clients in the best accurate, on-time and quality oriented services. We believe that the initial investments like involvement and refinement at the initiation of the process results in smooth implementation and inevitably successful solutions. We allow you to choose an appropriate engagement model according to the requirement in terms of staffing flexibility and scalability.

Benefit:

  • Reducing the risk of extra costs because of the fixed charges
  • Saving in overhead cost for maintaining minimum infrastructure
  • Avoid conflict through a well-defined requirement by making the process more transparent
  • No Risk of fluctuating price

A. Fixed Price Model

The Fixed Price model is suitable for the well-defined requirements and plans for the outsourcing work. Under this model, we analyze the scope of accounting and finance work and charge fixed fees. This model works for outsourcing the fixed monthly bookkeeping and accounting work where it is possible to identify volume of recurring activities on monthly basis.

B. Dedicated Resource (FTE) Model:

The dedicated resource model does the reviewing of the business requirements and checks the scope of work followed by assigning the dedicated teams for the project.

The dedicated team/ individual exclusively work on the project under your direction and our firms controlled environment as well as senior management supervision. Each FTE (full-time equivalent) accountant or account manager communicates with you to understand the requirement and execute the project according to them. They directly update you on the progress of the work by sending a daily, weekly or monthly report.

Benefit:
  • Allows to pay fixed monthly charges and relieving from the risk of cost escalation
  • Flexibility in choosing suitable resources
  • Allows to choose additional sources depending on the urgency of the project
  • Value addition over the time due to efficiency and closed approach to your organization
  • Suitable for medium to high volume of work

Benefit:

  • Suitable for the drastic fluctuation in a quantum of work
  • Flexibility in the price structure
  • Helpful in saving cost and increase in efficiency
  • Higher visibility in staffing requirement and pricing

C. Transaction-based Pricing Model

The transaction-based pricing model is based on the quantum of work. The client is charged on the basis of the number of transactions with a price-per-transaction based on the band of volume.

We advise our clients to go for this model when volume per month gets fluctuated and there is no consistency of volume.