Editor’s note: This article was first published in October 2010. The description of Econta (BBVA group) and its range of services dates from October 2010; the service may have changed since.
With the advance of new technology, a company’s or business’s treasury management was bound to follow suit. Today it is already possible to use a virtual advisory firm (an asesoría, the type of firm that handles accounting, tax and paperwork for Spanish businesses) without wasting time dealing with things in person. That is a clear advantage for a company, since it can spend that time on other tasks.
As a business idea, it belongs among the new businesses of the future, because everything is going virtual, and anyone who doesn’t adapt to this new internet era will tend to disappear over time.
One pioneer of this broad service is Econta, from the BBVA group, which offers comprehensive accounting and tax management. Its services are so varied that they cover:
- Accounting and tax advice and management
- Customer invoicing
- Occupational risk prevention
- Legal defence of the business
- And more…
It’s a matter of contracting the services a company needs. If you weigh up the benefits an advisory firm of this kind can bring, remember that part of what a virtual advisory firm does is the work of an accountant and, in some cases, an administrative assistant. So, by negotiating the price of the services you contract and need at any given time, it can obviously work out cheaper than hiring someone full time to handle that work.
What a company like this offers is something we discussed in a previous article on teleworking: more and more, businesses are turning to outside services to avoid high costs.
Virtual lawyers, virtual investment advisers, even virtual real estate. The virtual world is gaining ground, and today you need to make sure your business project or business idea is geared towards cyberspace.
You can visit Econta’s website here.
Further reading
- Virtual assistance companies: a new kind of business
- Business ideas to start on the internet
- Your own social media consultancy for businesses
- Selling businesses as an alternative to real estate
Featured image: Kevin Doncaster, CC BY 2.0, via Flickr.
