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Full Guest Interview : Vipul Sheth (Founder of AdvanceTrack Outsourcing)

Published on: 9th October, 2021

On today's deep dive special edition episode, Rob Brown of the Accountants Influencers Podcast interviews Vipul Sheth of Advance Track Outsourcing on how firms increase capacity to generate more revenues.

Vipul is a UK based ICAEW Chartered Accountant and Chartered Tax Advisor. He trained with a regional UK firm before moving to Ernst & Young and KPMG. He founded AdvanceTrack in 2003 to serve accounting professionals with outsourced services across the globe. When not Vipul is a keen football fan, and loves running and travel.

Key shownotes from the whole interview include:

➜ Why accounting firms need to explore outsourcing to gain competitive advantage

➜ The challenges of bringing in good talent to an accounting firm to keep compliance work going

➜ Why accountancy practices have never been more valued than they are now

➜ How the ageing population in accounting firms is creating a problem for succession

➜ The biggest thing that separates the good accountants from the great ones

➜ How the goodwill accountants have generated during Covid can be capitalised upon

➜ What accountants must do to show they truly care about their clients

➜ The key challenges for accounting firms who want to grow in competitive times

➜ The impact of big accounting firms driving up salaries has on recruitment for smaller firms

➜ The average percentage of spend accounting practices spend on talent, labour and staff

➜ Where some accounting practices have fallen short throughout the pandemic

➜ The pain points an accountancy firm may be manifesting to warrant an outsourcing conversation

➜ The common pushbacks from accounting leaders who are reluctant to outsource client work

➜ How the labour market in the accountancy profession has shifted over the years

➜ What causes fewer accounting firms to train their staff, especially in the larger firms

➜ How the market for talent has become global as barriers and working practices become remote

➜ What kind of people make the best recruitment targets for accounting firms

➜ How outsourcing provides the compliance 'engine room' in accounting firms so their 'in place' staff can grow the firm

➜ What's coming up for the accounting profession in the areas of advisory. digital tax collection and cloud accounting

➜ The fate that awaits accounting firms who have not or will not invest in extra capacity and good talent

➜ How the growth trajectory of firms differs depending on their attitude to succession and talent development

➜ What should really drive accountants and the vendors, suppliers and advisors who serve them

➜ A personal philosophy for success that rewards integrity with results

➜ Advice for accountants who want more of a voice, more influence and more success in their accounting career

➜ Advice for accounting leaders and partners who want to really make a difference to their firm and their people

Vipul on LinkedIn: https://www.linkedin.com/in/vipulsheth

Advance Track website: https://www.advancetrack.com

NOTE TO LISTENERS:

This is a full-length interview (usually 20-30 mins long) from which the highlights show earlier in the week was taken. You can listen to this on a previous episode.

Martin and Rob love to hear from the show's 5000+ listeners in 138 countries around the world. If you have any questions, suggestions, comments or success stories, just type sayhi.chat/aip into your browser and leave us a quick and easy voice message. We may just feature you on the show!

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About the Podcast

Accounting Voices Podcast
Accounting Voices helps people in the accounting world stay relevant visible and vocal. Host Rob Brown interprets trends reshaping the profession and gives listeners insight to build authority influence and a stronger voice in firms and markets.
Accounting Voices, hosted by Rob Brown, helps decision makers and leaders in accounting and finance stay relevant, visible and vocal in a profession being reshaped by technology, private equity, regulation and shifting client expectations. Each episode interprets the trends disrupting accounting and finance such as AI, automation, M&A, talent and the move to advisory and translates them into practical insight that strengthens authority and influence.
Accounting Voices is also a platform for the wider ecosystem of networks, associations, educators, consultants, software vendors and technology experts who serve accountants and finance professionals worldwide. It extends into regular Accounting Voices networking sessions that connect this audience and amplify ideas that move the profession forward. With its international reach and long shelf life the show delivers credibility and commercial value for listeners and sponsors alike. Search for "Accounting Voices" on YouTube for all episodes and connect with Rob Brown on LinkedIn to find out more: https://www.linkedin.com/in/therobbrown

About your host

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Rob Brown

ob Brown is the creator and host of the Accounting Voices Network, a media platform that includes the flagship solo podcast Accounting Voices and the panel shows Accounting M&A and Accounting Tech. He chairs conferences, panels and virtual events worldwide and is recognised as a leading advocate for the accounting profession.

He is an accomplished speaker and authority on trust, reputation, employer brand, talent, succession, executive presence and the forces shaping the future of accounting. Rob is the author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk The Personal Brand of You has been viewed more than 400,000 times.

A former co-founder of the Accounting Influencers Roundtable, Rob now focuses on amplifying the voices of leaders, firms, networks, vendors and influencers across the global accounting ecosystem.

Outside of work he is a stroke survivor, lives with epilepsy, holds a black belt in kickboxing and is based in Nottingham, UK. He plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.