you having trouble getting special projects done? Are any of
your departments behind and not getting caught up? You have
issues that need to be addressed, but you donít want to add
more fixed costs. Outsourcing may be the answer.
is a process by which management identifies a problem or
opportunity they lack the resources or time to deal with
effectively. Outsourcing lets management create leverage without
committing to fixed resources.
management decides to use outsourcing, they need to determine
the best external resources available to address the matter.
Outsourcing is becoming much more common today as companies seek
resource-rich concentrations of professionals who can bring a
multi-disciplined approach to their issues. Outsourcing differs
from traditional consulting projects in that it typically
involves greater detachment by management (less direct
involvement), though the distinction is sometimes blurred.
of Outsourcing - Outsourcing is a cost-effective way
for you to address complex and varied problems. It offers access
to a wide variety of top professionals, permits you to define
the cost, eliminates long-term employee commitments, broadens
perspectives (based on our experience with many different
companies and industries), and is available when you need it.
Just as you look at outsourcing manufacturing processes or
distribution to vendors who are more cost effective than your
own company, outsourcing intellectual/managerial matters often
produces a broader range of potential solutions and creative
Outsourcing Projects - We have provided outsourcing
services including litigation support, internal audit, temporary
accounting or other personnel, due diligence, market studies,
distribution and logistics analysis, growth or turnaround
strategy, benefit plan record keeping, and human resource
issues, among others.
Situation - Management of a rapidly growing company was
asked by its board to implement an internal audit program.
Management was concerned about forming a new function, which
would essentially be a cost center. They discussed outsourcing
the internal audit function with MaxITgroup. We perfected a
streamlined process by which we can quickly develop the
agreed-upon procedures to address internal controls, risk
assessments and other dynamics that concern management and the
board. The advantages of using MaxITgroup were:
to expand or contract the internal audit budget without
to breadth of services and trained professionals (audit,
tax, operations, systems, strategy and human resources)
to tailor the internal audit plan, drawing on resource-rich
of investment in computers and software to test complex
systems and ongoing training costs
of recruiting and turnover issues for the company and
outsourcing provides access to the highly qualified
professionals that MaxITgroup can attract and maintain
to MaxITgroup personnel who have diverse experiences and
backgrounds, resulting from serving a broad cross-section of
to reduce - or at a minimum - supplement, procedures
performed by the external auditor
considering these factors, management recommended outsourcing
the internal audit function to MaxITgroup and the board agreed.
an Outsourcing Engagement -
You begin by identifying the issue to outsource. While that
sounds so basic as to be of little value, we often find that the
issue management identifies is either a symptom of the real
issue or the result thereof. We begin by discussing the issue
with you and formulating a team of specialists to address it.
The team then designs the specific procedures needed to address
your issue. These procedures are then reviewed with you, and
with your concurrence, reduced to an agreed-upon procedures
engagement letter. The next step is the execution of the
procedures and the preparation and delivery of our report,
findings and recommendations.
Outsourcing Resources - We have significant
qualifications in all the areas described above. Our educational
backgrounds and experiences cover a wide range of talent, and
include process and mechanical engineers, CPAs, MBAs with many
different concentrations, lawyers, and a variety of
computer-technology specialists. Together we formulate teams of
these specialists to address your problems. The
multi-disciplined approach to problem solving is often critical
to assuring a clear focus on the ultimate goal of building
shareholder value in every outsourcing assignment we undertake.