Midsummer is approaching fast, although you would be hard pressed to believe it, with the torrential rain, high winds and cold temperatures making May one of the most miserable months in recent memory.
After the driest April for 60 years came the wettest May. We just cannot get away with it in this country, can we?
But as the longest day approaches and sunlight (or daylight) shines for around 18 hours, new light is shining on the country as it wakes up from its coronavirus slumber and begins to flex its muscles.
Both the Bank of England and the UK’s leading business members’ organisation believe the economy is set to take off.
GDP is expected to rise sharply in the second quarter as lockdown eases. Bank economists say this is a result of the vaccine rollout and predicted the fastest growth for decades.
Meanwhile, the Confederation of British Industry (CBI), which claims to speak for 190,000 businesses in the country, is bullish about the future. It has unveiled its own recovery plan and a couple of areas are of particular interest for accountancy firms:
- An innovation economy. It outlines how the UK can build on its existing strengths, to support greater development of leading-edge technologies, business practices and create entirely new sectors.
- An inclusive economy. This sets out how to tackle the UK’s skills shortages, by helping people move more easily between jobs where skills align. It will identify how those firms whose industries are changing rapidly, can gain valuable ground by helping their employees to reskill and retrain.
The first area is key to as growth in the economy is likely to bring more work for accountancy firms and where leading-edge technology like the Cloud is making outsourcing a more attractive proposition.
The second area is also key. Accounting technology is cutting edge and the staff who employ it now must have a broader range of skills, including being IT savvy – in effect having the ability to see the job through from start to finish.
Humans are wonderful, but we are also prone to making mistakes. The more documents and data points you process, the more likely you are to slip errors in without noticing.
Software, on the other hand, is designed to repeat tasks endlessly in the same way. So, mistakes are far less common. However, nothing is perfect, so highly trained, specialist staff need to work in tandem with technology. They need the ability to see tasks through from inception to the final cut.
That level of expertise prompted one satisfied customer to say of GI Outsourcing: “Our relationship with GI is allowing us to take on different kinds of jobs and possibly bigger jobs than we would have been comfortable doing in the past.”
Our people are highly skilled and are constantly training and learning new techniques. Working with GI means staff can take part in a structured training programme to help you reach full potential.
Our in-house GI Academy ensures that trainees and leaders of the future have full access to a range of training courses to enhance their skills and acquire additional expertise needed to satisfy the needs of our customers.
The academy programme has just announced the first batch of external trainees who are trained and deployed on various service lines in GI Outsourcing. Those selected are offered free and comprehensive training and employment.
Courses include management skills, feedback sharing, technical training, persuasion skills and access to external professional qualifications to ensure that you are fully equipped to progress your career ambitions with confidence.
Our new GI Tech Consultancy, which advises accountancy firms on the various cloud software packages, can be implemented to dovetail with our current outsourcing services.
As well as offering a comprehensive accounts outsourcing service covering key services like bookkeeping, management accounts, SMART services, statutory accounts, payroll and taxation, our services also include:
Business process information
Utilising the latest technology-enabled automation of complex business processes can streamline operations, helping to deliver and improve service whilst managing costs. We can advise on the latest business process automation options that will help transform profitability.
Implementations & data migration
Our experienced solutions architects work with businesses of all dimensions across various sectors and are certified implementers of 50-plus cloud applications, having completed over 500 implementations. Reach out and book your complimentary scoping session so that we can map out your business requirements and processes and recommend the app stack that will provide
optimisation at every level.
By integrating older legacy systems with new software, your business systems will take off. Let us help you put in place a unified single system that will unleash full business potential.
We are independent experts so we can tell you which cloud technology you clients should invest in to help revolutionise how a business operates. There are thousands of cloud tools to choose from – we will tell you which ones are worth your time and which to avoid.
Our UK-based account managers can assist you in creating a bespoke outsourcing solution to support your firm in achieving its commercial goals. For an initial discussion, contact us today.