Choose an engagement model that best fits your accounting operations
Now that you are considering us as your outsourcing/offshoring partner, there are many ways we can engage and collaborate with each other. Based on your short-term and long-term objectives, you can choose a model that will flexibly scale to your requirements, or get a dedicated team as an extension to your office. Alternatively, you can opt for the certainty and clarity of a fixed price model, or hire us for an entire project with confirmed scope, price and turnaround.
By selecting the best-fit financial engagement structure from the four models explained here, we can – going forward – firmly establish the framework of our collaborative partnership, in terms of expectations, process, deliverables and cost.
Get the flexibility to scale to seasonal demands or set up a bespoke team with dedicated resources based on a remote staffing structure with our multiple engagement models.
This is the time-tested ‘pay-as-you-go’ engagement model where your costs are determined by the hours invested in your work. Among the more conventional pricing models, TimePay offers you the flexibility to scale up or down based on fluctuating seasonal demands, enabling you to rapidly navigate and adapt to changing workload requirements in your firm or business without staffing challenges. This approach is also preferred by clients during the initial engagement phase before they transition to a dedicated resource model.
Our ‘pay-as-you-go’ pricing model is the perfect fit for ongoing work where the scope may change midstream, with resource allocation corresponding to your specific needs at any time. You are charged only for the hours you use without the burden of a long-term commitment.
Highlights
- Pay-as-you-go model: Pay only for the hours spent on your work
- Scale up or down based on your requirement
- Eliminate staffing challenges during seasonal peaks
- Resource allocation aligned with workload
- Ideal for situations where the scope of work cannot be predicted
- Monthly billing
A dedicated resource model, as the name suggests, is a virtual extension of your office, with trained tax and accounting professionals working exclusively and full-time for your practice. TeamPay is the perfect engagement model for firms where the scope is clear, the requirements are standardized, the volume of work is high, and the project is long-term. You will have complete control over your dedicated team, and the trained team members will report directly to you. The dedicated team will work in a controlled environment under your direction with supervision by our senior professionals.
The FTE (Full Time Equivalent) model gives you greater control over the execution of your work, the costs are predictable and protected against escalation, the process flow is efficient and consistent, and the service levels and outcomes are measurable. TeamPay gets you all the benefits of in-house skilled resources without the hassles of screening, hiring and training new staff or investing in infrastructure. This is also a scalable engagement model.
Highlights
- Dedicated resource model (FTE)
- Skilled resources – team or individual – dedicated to your firm
- Predictable costs with fixed rates for resources
- Have complete control over your remote team
- Ideal for long-term projects
- Scalable model
- Monthly billing
Our fixed price engagement model is ideal for situations where the service requirements are well-defined and the work is delivered for a pre-determined cost. FixPay is the perfect solution for recurring accounting, bookkeeping and payroll tasks that can be outsourced on a fixed fee basis. Since there is no commitment on the quantity of work, you have the latitude to scale up or down based on your changing requirements while you access our pool of skilled professionals trained to deliver speedily and accurately to your work specifications.
Recommended for ongoing as well as short-term requirements ranging from small to medium in size and scope, FixPay offers you complete transparency and predictability in pricing, process and timeline.
Highlights
- Fixed fee model
- Ideal for ongoing recurring tasks or short-term projects
- Scale up or down based on changing requirements
- Predictable costs
- Monthly billing
When you have specific accounting, bookkeeping, tax or payroll projects that need to be delivered in a time-bound manner, a project-based pricing model will work best for you. TaskPay is ideal for larger projects where the scope, specifications, deliverables and turnaround time are well-defined, and a fixed cost is agreed upon for the entire quantum of work.
A project-based engagement model offers a structured path to fulfillment with the confirmed scope, process and outcome minimizing oversight from you while ensuring the work is delivered on time and within the budget. TaskPay’s customized approach provides you visibility on milestones, timelines and costs, and is an excellent solution for large projects without any need for staff or infrastructure augmentation.
Highlights
- Project-based pricing model
- Ideal for large projects with well-defined scope
- Fixed pricing ensuring predictable costs
- Monthly billing
Process
Our outsourcing/offshoring business is based on a structured onboarding process, which begins with a detailed requirements analysis to identify and understand your specific needs.
Data Security
Data security is a critical consideration in any business operation, and particularly in an outsourcing environment. MNCO recognizes that secure operations are built on the highest standards of trust and confidentiality as well as the strong foundations of an effective security infrastructure.
MNCO is firmly committed to protecting their clients’ data against potential threats and disruptions through a strictly enforced security protocol within a highly secure work environment.
General Policy:
- The protection of employees and client data is the overriding priority of all business activities.
- Security policies and procedures are implemented according to the security aspects of the business activity.
- Prevention remains the first priority with threats analysis and risk evaluation carried out on a continuous basis.
- To ensure that the company is always prepared to quickly and effectively mitigate security incidents, response plans have been developed and tested to deal with assessed risks.
- The level of professionalism, knowledge and integrity of personnel involved in security matters is tightly controlled.
- All incidents, including security breaches and irregularities are reported and recorded. Corrective action is taken and followed up through regular verifications to improve the overall security standards of the company.
Office policy regarding MNCO employees and client data security:
- Controlled work environment with remote server and data access restricted to authorized users only.
- All workstations are protected by an enterprise level firewall and antivirus system, which is continuously updated.
- Mobile devices are not allowed in the workspace; employees only have access to their devices in designated break areas, which are away from where client data is stored.
- USB/external storage devices are not allowed in the workplace.
- In the event that employees are required to work from home, the work is done on a work laptop where the activity log can be monitored.
- Work laptops are locked, preventing the use of USB/external storage devices.
- Employees are periodically updated about company IT policies and security measures.
