Offshoring and Remote Work: The New Frontiers in Accounting

In latest ARC, hosts discuss the importance of clear communication, structure, and intention in remote work.

In the latest episode of Accounting ARC, hosts Byron Patrick, CPA.CITP, CGMA; Liz Mason, CPA; and Donny Shimamoto, CPA.CITP, CGMA explore the transformative impact of remote work and offshoring on the accounting profession. As seasoned professionals who have navigated the shift to remote environments, they offer valuable insights into the benefits and challenges of this new working landscape.

Patrick, vice president of Client Success at the B3 Method Institute, has worked remotely for over a decade, citing the flexibility and efficiency it offers. “I can’t imagine a world in which I don’t work remote,” he admits. Mason, CEO and founder of High Rock Accounting, echoes this sentiment, emphasizing the freedom and adaptability remote work provides, especially for those with ADHD who thrive in varied environments.

The discussion highlights the importance of intentional communication and well-defined processes in managing remote teams. Shimamoto, founder and managing director of IntrapriseTechKnowlogies LLC and founder of the Center for Accounting Transformation, points out that successful remote management requires a shift in mindset and approach. “You have to intentionally change the way that you manage and really think about what is going to work for remote versus an office team,” he explains.

The trio also delves into the complexities of offshoring, noting that it requires an even higher level of communication and process maturity. Managing teams across different time zones and cultural backgrounds presents unique challenges, but with the right strategies, it can significantly enhance an organization’s capabilities and cost-efficiency.

One of the key takeaways from the episode is the importance of clear and structured communication. As Mason aptly puts it, “The more you limit communication, the more you amplify inefficiency.” This principle applies universally, whether managing domestic or offshore teams.

The hosts also discuss the role of technology in enabling remote work and the need to invest in tools that facilitate seamless collaboration. They emphasize that remote work should not be about cutting costs but rather about reallocating resources to support technology and team-building efforts.

This Accounting ARC episode underscores that remote work and offshoring, when managed effectively, can unlock new levels of productivity and global talent access for accounting firms. By prioritizing communication, structured processes, and cultural understanding, organizations can navigate the challenges of this new working paradigm and thrive in the evolving global economy.

Check out the latest episode of the Accounting ARC Podcast on the Center’s YouTube channel. 

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