Building a Dedicated Virtual Accounting Team in Sri Lanka
A UK-based accounting company required additional accounting capacity to support its growing client portfolio and day-to-day financial operations. Rather than continuing to expand its local workforce in the UK, the company explored a virtual staffing model that could provide dedicated accounting professionals from Sri Lanka while maintaining the same working schedules and operational standards required by its UK clients.
The company partnered with Formix to establish a virtual accounting team in Sri Lanka. Formix managed the workforce infrastructure while the UK company maintained direct oversight of the team’s accounting responsibilities, priorities, workflows, and daily performance.
The Challenge
The accounting company needed professionals who could work within UK business hours and integrate into an established accounting operation. The requirement was not for generic administrative support. The company needed accounting professionals who could handle their assigned financial responsibilities accurately and consistently while following the processes and standards of a UK-based accounting business.
Recruiting and maintaining equivalent positions in the UK also represented a significant ongoing workforce cost. The company therefore wanted to access professional accounting talent through Sri Lanka without creating unnecessary complexity around international employment, payroll, HR administration, and workforce management.