Sydney Accounting Firm Cuts Costs by 70% with remote talent

The Client

CG Bespoke is a visionary bespoke tax agency in Sydney with clients around the country. The common challenge of expanding their team to meet growing client demands, coupled with the high cost of hiring locally, a significant barrier to growth needed to be overcome. In search of a more cost-effective solution, CG Bespoke turned to Employmate to explore the potential of hiring virtual talent from South Africa. 

The Challenge

As CG Bespoke’s client base grew, so did the need for additional support in handling day-to-day accounting tasks. However, the firm faced several challenges:

1. 1. High Local Salaries: With the average salary for an accounting assistant in Australia around $90,000 AUD per year, scaling the team without significant expenses was difficult.

   2. Talent Shortage: The competitive Sydney market made it challenging to find skilled accounting assistants who could meet the firm’s high standards.

   3. Operational Flexibility: CG Bespoke needed an assistant who could seamlessly integrate into their established processes and provide reliable support, especially during peak tax seasons.

With these challenges threatening to limit the firm’s growth, CG Bespoke sought a more sustainable solution.

The Solution

Employmate provided CG Bespoke with access to a pool of highly qualified South African accounting assistants. South Africa was chosen for its:

• Cost-Effectiveness: The firm could hire a skilled accounting assistant for 70% in cost savings per month, resulting in substantial savings compared to local hires.
  
  
• High-Level Expertise: South Africa’s accounting professionals are well-versed in international standards, ensuring they can seamlessly integrate into CG Bespoke’s operations.
  
  
• Cultural and Time Zone Compatibility: The time zone overlap with Australia allowed for real-time collaboration, ensuring the assistant was available during the firm’s working hours.

After a thorough recruitment process, CG Bespoke found the perfect candidate who was immediately brought on board.

The Results

The onboarding process was streamlined and efficient, thanks to Employmate’s comprehensive support. The South African accounting assistant was quickly integrated into CG Bespoke’s team, where they were tasked with:

• Managing client accounts and preparing financial reports.
• Assisting with tax preparation and compliance tasks.
• Providing real-time support during the firm’s peak periods, ensuring that deadlines were consistently met.

With the help of Employmate, the assistant was equipped with all the necessary tools and training to perform at a high level from day one.

The decision to hire through Employmate led to several key benefits for CG Bespoke:

• Significant Cost Savings: By hiring a South African accounting assistant, CG Bespoke reduced its annual staffing costs by over 70%.
  
  
• Enhanced Efficiency: The assistant’s expertise and dedication allowed CG Bespoke to manage an increased workload without compromising on the quality of service provided to clients.
  
  
• Scalable Growth: With the ability to hire skilled talent at a fraction of the cost, CG Bespoke is now well-positioned to continue expanding its team as its business grows.

Success Story - Sydney Law Firm Saves 73% annually and Enhances Client Support 

The principal of CG Bespoke was extremely satisfied with the outcome:

"Oliver and the Employmate team have gone above and beyond in assisting me with finding the right talent for my firm. Highly recommend Employmate!"
– Chris, Principal at CG Bespoke

For any firm and business encountering similar obstacles, Employmate provides a reliable solution for scaling operations smoothly while maintaining high-quality standards.

Get started by reaching out to our team here