08/12/2024
The Best Thing About Founding an Offshore Talent platform for Real Estate Finance & Accounting:
We create our unique advantage and share it with others.
If your property accounting and analyst team is entirely onshore, it might look something like this:
- Tons of tasks
- Not enough people to handle them
- Senior accountants stuck with menial, repetitive tasks
- Significant loss in growth potential
Does this sound familiar?
We estimate that about 30% of an onshore employee’s time is consumed by repetitive tasks, such as data entry for property management systems.
That's a huge waste of their time and your money. You're essentially getting only 70% of what you paid for!
Experienced accountants want to focus on high-value tasks, like financial analysis and strategy.
They don’t want to be bogged down with routine data entry.
It’s like asking a top chef to prepare instant noodles. Not a good use of their skills.
Moreover, your senior accountants will soon seek other opportunities, leading to turnover and instability in your team.
Our core team at Xshore doesn’t face this problem.
We hire our own offshore property accountants to support them.
As a result, our core team members spend 100% of their time on strategic and high-value activities.
They’re happier. We’re happier. Our business grows 30% faster than our peers’.
Of course, building an international team comes with challenges. The biggest concern we hear from prospective clients is about onboarding.
Isn’t there a hidden cost to onboarding offshore employees? What if they don’t work out, and we’re back to square one?
When Xshore started, we underestimated this challenge!
Our initial focus was too much on hiring alone.
After talking with early clients, we redesigned our process to prioritize onboarding.
We realized we could succeed by focusing on:
🚀 Speed of match
âś… Quality of match
🤝 Building longstanding relationships with talent and clients
During the first 90 days, our team communicates regularly with the client and the talent, learning everything we can and taking on as much of the onboarding process as possible.
Ongoing, we conduct quarterly calls with clients to identify problems and find solutions.
Our numbers speak for themselves:
Most of our property accountants stay with the company that hires them.
And we regularly find clients return for more accountants after their initial success.
