Laurence Whittam: Outsourcing Readiness Assessment & Best Practices

Show Summary:

In this episode of Grow My Accounting Practice, Laurence Whittam joins the show to discuss the essential steps firms should take before diving into outsourcing. He highlights the importance of conducting an outsourcing readiness assessment to ensure firms are fully prepared for the transition. Laurence explores key considerations, such as evaluating internal workflows, defining clear objectives, and understanding the different staffing models available, including outsourcing, offshoring, and nearshoring. By assessing their firm’s specific needs, accounting professionals can make informed decisions that align with their long-term goals.

Laurence also sheds light on common pitfalls firms encounter when outsourcing, such as unclear expectations, poor communication, and lack of integration with existing processes. He shares best practices to help firms mitigate these challenges, including setting clear KPIs, establishing strong vendor relationships, and maintaining compliance with industry regulations. Whether you’re considering outsourcing for the first time or looking to refine your current approach, this episode offers practical insights to help you make strategic, informed choices for your firm’s success.

Biography:

Laurence Whittam stands as a highly regarded Outsourcing Mentor, Advisor, and Strategist, with a significant impact in his role as the Founder and Managing Director of Impact Global Solutions. Focused on integrating oshore Tax, Accounting, and Audit resources into U.S. CPA firms, Laurence has successfully navigated diverse regions such as the Philippines, USA, South America, India, and South Africa, eectively addressing domestic talent shortages and maximizing profits. His leadership in a Top 100 Outsourcing Firm played a pivotal role in the U.S. market entry of a U.K. outsourcing firm, resulting in the establishment of outsourced operations for over 350 U.S. accounting firms. Beyond logistics, Laurence actively supports CPAs in setting goals, defining skill requirements, and fostering proactive communication channels to prevent outsourcing pitfalls.

In addition to his impactful leadership, Laurence Whittam has demonstrated practical insight into accounting roles and software as he supported the Advisory Services division of a Top 50 Accounting Firm. His commitment to best practices extends to being a featured speaker and author, providing an impartial guide for firms in finding the right outsourcer, simplifying models, conducting strategic planning sessions, and oering solutions when challenges arise. Overall, Laurence Whittam’s transformative influence empowers U.S. CPA firms to navigate the complexities of oshoring, achieve operational excellence, and drive sustainable growth.

Website:
https://impact-global.co/
https://deal.csuiteimpact.com/outsourcing-readiness-assessment-payment

LinkedIn:
https://www.linkedin.com/in/laurencewhittam/

Corporate Partner:
Impact Global Solutions – https://impact-global.co/

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