How does outsourcing your back office functions actually work?

Outsourcing is becoming increasingly popular, with 30% of UK businesses saying that they’re planning to outsource more by 2022. You name it, if it’s a business task, it can be outsourced. But how does outsourcing your back office functions actually work?

What are ‘back office’ functions?

Back office functions are usually defined as non-customer facing yet business-critical jobs needed to keep your business running, such as:

HR
Accounting and bookkeeping
Payroll
Invoicing and credit control

As businesses grow, these tasks become increasingly complex and time-consuming and companies have three choices.

Keep doing them themselves (even if it’s not their area of expertise)
Employing specialist staff to manage these areas
Outsource to specialists

But there will come a point when option one is no longer practical.

How outsourcing your back office admin works

Disclaimer: yes, we’re just a little bit biased, but hear us out! There are lots of reasons why outsourcing is a more cost-effective, flexible and convenient option than employing specialist staff for lots of businesses. Outsourcing brings you a team of experts without the expense and commitment of employment. You also don’t have to worry about gaps caused by illness, holidays or employees moving on – or keeping on top of staff training and specialist software needs.

Decide what you’d like to outsource

Outsourcing parts of your business for the first time can be daunting – we totally understand. You can always start by just outsourcing one thing to see how it works and how your business benefits.

We have a range of packages available or you can pick and mix from the following services to suit your company’s needs:

Payroll – including pensions auto-enrolment, CIS and acting as an umbrella company for you
Credit control – including legal advice, bad debt protection, debt collection and sales invoicing
Accounting – statutory accounts, management accounts, bookkeeping and VAT returns
Funding – bank introductions and invoice discounting
Personal Service Companies – formation and accounts
HR – Right to Work checks and HR support including Breathe HR, a cloud-based system that will revolutionise and simplify your HR admin
Insurance – public liability, employer’s liability and contractors all risk insurance

The next steps

We guide you through the whole onboarding process and keep things as simple as possible. Then each month we manage and process everything for you – while you can stay focused on the important things – like growing your business!

Fixed costs: no hidden extras or nasty surprises

Working with us, you’ll know exactly what you’re paying every month and that you have a whole team of experts working behind the scenes to make sure that all your obligations are met and delivered on time. You might be surprised to hear we process payroll for as little as £3 per payslip!

Access to the experts!

We’ve got your back! Running a business can be a rollercoaster and we’re always on hand to offer friendly, expert advice. We love getting to know our clients and their businesses and helping them thrive.

Want to find out more about how outsourcing with Backoffice Nationwide could help your business? Call us for a chat on 01757 610002 or contact us.