Outsourcing an IT Function?
Ensure the Dollars Make Sense
of today's businesses have taken to outsourcing various IT
functions. The goal of doing so is usually to save money.
But rushing into such an
arrangement could mean losing money on the project itself
while diminishing employee morale and even compromising your
reputation. Here are a few best practices to follow to help
ensure the dollars make sense.
Elicit feedback from your staff and let them help you refine
your approach to outsourcing. Ask for candid feedback about
whether your company's technology is really meeting their
Also try to gather "lessons learned" from other businesses
that have outsourced. How did outsourcing help them? What went
wrong? To find such companies, ask your professional advisors
or contact a relevant trade association.
benefits vs. risks
Look at your in-house capabilities and rank your ability to
deliver every service your users require. If you're coming up
short on some of them, maybe an outside vendor could do a
better job — and, in doing so, help your employees do their
But consider risks as well. Generally, you should outsource
innovation-based work only to accommodate peak demands or when
you absolutely lack expertise. And even then, ensure knowledge
transfer and retain control over vital tasks such as program
management and client contact.
committed and disciplined
If you decide to go forward with IT outsourcing, develop a
plan that includes objectives such as:
An aggressive, integrated pilot program,
Strategically selected offshore locations,
Multiple supplier bids to ensure better competition and lower
Performance-measuring metrics, and
communications strategy to keep everyone involved informed and
Remember, it's not enough to budget for only the monetary
expense of IT outsourcing. You've got to plan to manage the
relationship as well.
In many industries, outsourcing has become a competitive
necessity. But that doesn't mean you can't manage it wisely
from a financial perspective. Please contact us for help
assessing and executing your next IT outsourcing arrangement. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
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is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,