Improved Efficiency and Enhanced Quality Can Go Hand in Hand

The thought of error-filled reports might already keep you awake at night. The idea of adding outsourcing to the mix might seem overwhelming, especially when you consider the potential hours spent correcting mistakes. Outsourcing should free up your valuable time, not add to it. If it doesn’t, what’s the point?

There are compelling reasons to outsource, and the key lies in partnering with a firm that has strong internal quality control practices. You’ll always review any work product before it goes to a client—of course—but reviewing reports that don’t require correction or revision means you can move on to other important tasks more quickly.

Absolutely, partnering with the right outsourced firm can enhance the quality delivered to your clients without causing you additional stress.

Before you engage with any outsourcing firm for your business valuation projects, consider this checklist of essential quality control practices they should have in place:

Quality Hires: Ensure that everyone on staff is highly qualified from the outset. Just like any candidate in the US, international team members should possess the right attitude, intelligence, and excellent communication skills.

Effective Training: The firm should have high-quality, standardized training programs for every analyst. All training materials should meet or exceed your own professional standards.

Reliable Models: Outsourced analysts should be comfortable using your models or their own robust, flexible, and carefully constructed models, which should be thoughtfully annotated.

Internal Review: Your review should not be the first set of eyes on a work product. Ensure the partner firm has a system for initial peer reviews, including numerical analysis and narrative, followed by a senior-level review before any report leaves the door.

Complimentary Fix-It Policy: Mistakes happen. Find out how the firm handles them. If a report needs to be corrected due to their mistake, they should fix it quickly and at no additional cost.

Assurent Advisors was created to make your life easier, not harder. We emphasize ensuring that everything we send our partners is top-tier.