Small businesses outsource their accounting

Vopium is the latest company to outsource accounting using cloud computing

Small and medium businesses are moving administrative tasks outside their own countries through the cloud to streamline their business significantly. One of these companies is Vopium from Denmark which has sent all accounting-related tasks for three countries to Pakistan via the e-conomic online accounting system.

Centralized, low-cost accounting

Large, global companies have long been able to move expensive, administrative tasks to Asia and other places with low pay costs. Through the advent of cloud computing, small and medium businesses are now also taking the route of centralizing tasks in inexpensive countries, resulting in increased efficiency and significant savings.

One consequence is that small businesses no longer have to pay for expensive software licenses. If they need to do their accounts in several countries, they only need one Danish subscription which can then easily be used in other languages.

At Vopium, the C5 desktop accounting software has thus been replaced with the e-conomic online system, which has additionally enabled them to move all accounting tasks to Pakistan.

Added flexibility

"Online accounting using a Software-as-a-Service (Saas) model is the perfect match for a company like Vopium where everything has been digitalised and we want to take advantage of the synergy between companies.

We have trained a bookkeeper in Pakistan to do the accounting for all our three countries by using the e-conomic system in English. This kind of flexibility is exactly what we need," says Vopium CEO Tanveer Sharif.

Customization without additional costs

According to e-conomic CEO Torben Frigaard Rasmussen, the demand is growing for flexibility to decide where and when to do accounting.

"We are very fixed on companies such as Vopium that have a need for cross-border collaboration. We can really help these kind of companies since our system can be customized to different languages and local conditions without additional costs," says Torben Frigaard Rasmussen.

Read the full press release about the opportunities that cloud computing provides for Vopium and other small businesses.