CDM Direct has officially launched its new bookkeeping and accounting service, designed to provide tailored financial solutions for business owners across Australia. This innovative service aims to alleviate the burdens of traditional accounting methods, offering flexibility and cost savings for companies of all sizes.
Key Takeaways
- CDM Direct introduces Accounting as a Service (AaaS) to streamline financial operations.
- The service is designed to meet the specific needs of business owners, from accounts receivable to tax submissions.
- Clients can expect significant cost reductions, with some reporting savings of over 50%.
- The service leverages advanced technology to deliver high-quality financial data.
Overview of CDM Direct
CDM Direct is a specialist outsourcing provider that offers professional remote talent services across various industries in Australia. With a focus on enhancing customer service levels, the company has established a state-of-the-art operations center in Fiji, which plays a crucial role in delivering its new bookkeeping and accounting services.
The Need for Change
Recruiting and retaining in-house bookkeeping and accounting staff can be a daunting task for many businesses. The average annual cost for these positions can exceed A$90,000, not including the ongoing training expenses. CDM Direct’s AaaS aims to address these challenges by providing a cost-effective alternative that allows businesses to scale their financial operations as needed.
Features of Accounting as a Service
CDM Direct’s AaaS offers a comprehensive suite of services tailored to the unique requirements of each client. Key features include:
- Accounts Receivable and Payable: Efficient management of incoming and outgoing payments.
- Financial Reporting: Detailed reports that provide insights into the financial health of the business.
- Tax Submissions: Assistance with compliance and timely submissions to tax authorities.
Client Benefits
According to Kris Ram, CEO of CDM Direct, the new service has been well-received by a diverse range of businesses. Clients are leveraging AaaS to either supplement their existing teams or completely overhaul their financial operations. The benefits include:
- Flexibility: Businesses can adjust their financial operations based on current needs.
- Cost Savings: Many clients report reducing their accounting expenses by 50% or more.
- Access to Technology: Clients benefit from the same high standards of data management as an in-house accounting team.
Conclusion
CDM Direct’s launch of its bookkeeping and accounting service marks a significant step forward for businesses in Australia looking to optimize their financial operations. By providing a flexible, cost-effective solution, CDM Direct is poised to transform how companies manage their accounting needs, allowing them to focus on growth and success in their respective industries.
