Comprehensive FEA Outsourcing

State of Russian Outsourcing Market

The outsourcing services took its roots mostly in such areas of business as accounting and legal services, but its intensive development both in the West and in Russia is connected with the integration of IT into our lives.

In general, the outsourcing market can be divided into two large groups, which are IT and Management Consulting. Research on the outsourcing market shows that IT industry in Russia is clearly leading. Therefore, the income of major Russian consulting companies has exceeded their income from accounting services more than 5 times (48.7 billion RUB and 9.6 billion RUB respectively).

However, the dynamics of the accounting services market indicates the promising state of Russia in this area. Any active development of the industry is based on a serious participation. Federal Customs Service (FCS) has a right to be called a striking example of such impact.

For 4 years in a row, the service was able to reduce the customs clearance to 16 CDCs instead of 600, which issue 98% of the total number of declarations. Returning to the tactic of tightening control over the collection of taxes and business activities has led to the fact that it is simply unsafe to keep accounts without the involvement of high-level professionals. Consequently, the following dilemma served as a reason to develop the transfer of business processes for outsourcing.

Foreign economic activity has a similar trend since the operations associated with declaration of goods are subject to careful control of a number of regulatory and supervisory authorities such as the Federal Customs Service, the Tax Authorities, Rosakkreditatsiya, etc.

To sum up, requirements for the quality of FEA are enormously high in today’s world.

There are plenty of opportunities as soon as one transfers to outsourcing:

1. Firstly, for managers to focus entirely on processes that directly generate profits.
2. Secondly, high-class specialists need to be paid a high salary. With that said, if an employee is under-utilized in low volume imports, it is considered double cost to the company. By choosing outsourcing, one sets clear goals and pays for the exact amount of services he or she needs.
3. Besides, one’s Company can adapt to changes in the external environment more flexibly.
4. Finally, if there are changes in demand (either growth or decline), one does not need to recruit and reduce personnel. Changing the terms of cooperation with the contractor is just enough.

At the same time, we would like to point out the fact that high-quality outsourcing cannot be cheap. It is important to correctly assess the volume of tasks, efficiency and regularly engage in the analysis of current activities.

Comprehensive FEA Outsourcing Benefits

• Low tariffs for currency conversion, starting from 0.35% of invoice value.

• Variation in the methods of delivery of goods.

• Possibilities of consolidation of small consignments.

• Fixed remuneration.

• Regressive scale of the cost of services – the more you carry, the less you pay.

• Experience of foreign economic transactions.

The Main Stages of Outsourcing (Import or Export)

• Conclusion of a contract for the supply of goods with the Client.

• Conclusion of a contract for the purchase of goods from the Supplier.

• Purchase of goods from the Supplier.

• Transportation to the customs office destination and customs clearance.

• Delivery to the Client’s or Recipient’s warehouse

• Delivery to the Client’s or Recipient’s warehouse.

• Transfer of the documents to the Client or the Buyer. These include: bill of lading, invoice, copy of goods declaration.

Export Outsourcing

Due to the active development of Export, the service of sending goods through a trading company, especially small consignments, is in high demand.

In export customs clearance, it is important to correctly draw up a foreign trade contract with the Buyer of the goods, successfully signing the documents confirming the origin and the purchase of the goods.

There are restrictive measures for a number of items. However, this only concerns goods of double or military purpose, and generally these cargoes have no relation to the common commercial transactions.

After signing a contract with us on services of Outsourcing of Foreign Economic Activity, our undertake audit of all documents, payment of goods and a set for customs. They will later make the classification of goods and prepare the declaration of goods to the customs authorities in export mode.

Not to worry – they will definitely select the best possible type of delivery and assume full responsibility for all paperwork under the transaction.

By the way, our company uses Electronic Document Management (also spelled as EDM) and a Universal Transfer Document (spelled as UTD). The following allows you to exchange all the necessary documents for accounting in just a single working day.

As part of our FEA outsourcing service we use:

1. Any international shipping of groupage and general cargoes, as well as delivery by air.

2. Project and oversized shipments.

3. Import of any nomenclatural items, permitted for importation into the territory of the Russian Federation.

4. Not to mention that more than 80% of global companies choose outsourcing services.