Accounting outsourcing trends 2023 through the Ukrainian war lens

Publication date:

13.03.2023

Publication from:

The Advanter Group research results were recently published. In this analysis was noted that “the share of staff who have been reducted for the time being decreased in November 2022 to 25% (in September it was 28%), but this is more than June indexes (20%). In total, as of November, 1,155,000 workers were reducted, and this is less than in September. Another 14% is hidden unemployment, but there is a downward trend compared to June. Over half of the enterprises did not hire new employees in the last eight months.”

This means that the business has chosen the course of optimization, so it is actively starting to cooperate with external providers, who, in turn, are 100% focused on a specific function and know how to apply the scale effect to provide high level services.

Cooperation with an external provider allows the company to concentrate on managing and optimizing the main functions of its business. In addition to increasing the focus on in-house specialization, outsourcing can provide services at a lower cost than a company would spend maintaining an in-house team, a significant argument in wartime. But cost savings and focus on core business functions are only some of the advantages of cooperation with external consultants.