F&A Outsourcing
Our F&A Outsourcing
Services include:
General Accounting
Accounts Receivables /Accounts Payables
Fixed Asset Accounting
Financial Reporting
Bank Account Reconciliation
Reconciliation and Analysis
Cash Flow and MIS Reports
Finalisation of Accounts as per IFRS, UK GAAP, US GAAP, Indian GAAP
Outsourcing (or contracting out)
is often defined as the delegation
of non-core operations or jobs
from internal production to an
external entity (such as a subcontractor)
that specializes in that operation.
Outsourcing always involves a
considerable degree of two-way
information exchange, co-ordination,
and trust.
Finance & accounting outsourcing
is mostly about direct cost savings,
and offshore – offering
a significant labour arbitrage
opportunity – has become
a fundamental component of the
Finance & Accounting Outsourcing
(FAO) model. This is the case
across virtually all major geographic
markets and industry segments.
After call centres, F&A is
the most offshored business process.
Offshoring has become fundamental
to FAO.
Small and medium Enterprises (SMEs)
have the most to gain from outsourcing,
making them the most enthusiastic
when it comes to its adoption.
Outsourcing gives SMEs access
to specialist IT systems and personnel,
they couldn’t otherwise
afford. It also allows them to
get on with what they do best
– generating sales and running
the business – while we
apply best practices to the management
of their accounting activities.
Because of new technology advances
now SMEs have the same alternative
as Fortune 500 firms, no matter
how small or large they are.
Clients always look for ways to
reduce overhead and focus on their
core business. Direct cost savings
captured through offshoring include
lower labour costs, lower costs
of real estate and overheads,
and greater utilization of labour
and infrastructure as a result
of increased work hours and multi-shift
operations. Now is the perfect
time for you to switch to outsourced
accounting.
Companies usually begin with F&A
transaction processing and book
keeping. As they gain experience,
they migrate towards activities
like financial trend data analysis.
Remotely hosted applications services
are only just starting to appear,
but most include other, more traditional
outsourcing components. They also
tend to be aimed at smaller companies,
or at accounting professionals
servicing smaller owner-managed
clients. Indeed, larger companies
are more likely to implement their
own shared service centres rather
than outsource or sign up to any
of the new online products. Because
of new technology advances now
small businesses have the same
alternative as Fortune 500 firms,
no matter how small or large they
are.
The most successful businesses
of today have gone to outsourcing
and now have time and money to
spend on differentiating themselves
in the marketplace. Clients always
look for ways to reduce overhead
and focus on their core business.
Now is the perfect time to make
them switch to outsourced accounting.
Outsourcing allows the customer's
key financial staff to focus on
higher value finance functions
focused on controls and decision
support. It also allows the company
to variablise its back-office
cost, save on back-office investment
and allows it access to strong
back office administrative talent.
Please e-mail
us to learn
more about our F&A Outsourcing
Services .
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