The CPA Marketing Genius Podcast

Episode 042: Driving Business Excellence: Strategies to Thrive amidst Talent Shortages with Uday Ranpara

Episode Summary

Are you struggling to find qualified CPAs? In this episode, Salim Omar, CPA interviews Uday Ranpara, Uday Ranpara is the Promoter and Director of multiple firms, including Unison Globus, Initor Global, and others, operating in the USA, UK, Australia, and Canada. With over two decades of work experience in providing financial planning and consultancy services to companies of all sizes, as well as FDI companies, he is well-versed in the implementation and compliance of Ind AS & IFRS, in addition to the conversion of Indian companies' accounts into IFRS-compliant or USGAAP-based accounts. Outside of his professional life, Mr. Uday Ranpara is highly respected as an academician and mentor in the field of accounting. He has acted as a visiting faculty member in top institutions across India, educating the next generation on topics like Financial Statement Analysis, Fraud Detection, Accounting Standards, Indian Accounting Standards, IFRS, and the interpretation of financial statements. Another value-bomb episode so make sure you tune in till the end!

Episode Notes

[00:01 - 00:56] Opening Segment 

• Salim Omar, CPA introduces Uday Ranpara to the show!
• Uday Ranpara is the promoter and director of multiple firms
• Finding the right talent is a significant challenge

[00:57 – 10:44] Finding The Right Talent: Benefits Of Outsourcing For Accounting Firms

• The benefits of outsourcing include cost savings, access to the right talent, and avoiding the headache of providing training
• His academy runs different training programs to improve communication and increase efficiency
• Automation and outsourcing can reduce time and cost
• Taking a leap of faith is necessary for outsourcing

[10:45 – 17:09] Improving Communication And Automation With Outsourcing

• Security, data theft, data leakage, or data breach are some of the hesitations firms have before outsourcing
• Engagement letters should be used to address security concerns and regulatory restrictions
• The track record and security measures of the outsourcing firm
• Conducting training programs and workshops for employees

[17:10 - 23:30] Closing Segment

• Uday Ranpara highlights key factors to consider when choosing an outsourcing partner including track record, security measures, technology investments, and licenses for software, training programs, and communication!
• Salim Omar, CPA invites listeners to reach out through the website, https://www.cpamarketinggenius.com/our-team!  
• Final Words

Connect with Uday Ranpara on his:

Website: Unison Globus

LinkedIn: Uday Ranpara

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Tweetable Quotes 

“Because there are so many outsourcers, how to choose the right one because outsourcing nowadays is not only outsourcing, you are choosing your partner, with whom you are working day and night. So, you have to be very much vigilant in choosing the right outsourcing partner.” - Uday Ranpara

"The main benefits these days. What people will get more than that over and above that, definitely cost is one major thing but then, in US and India, there are more than 10 hours of difference between these two countries. So, when US sleeps, India is working and when India sleeps US is working." - Uday Ranpara

“It's not a replacement, an outsourced team such as Unison Global compliments your existing in an in-house team.” – Salim Omar, CPA