Far from being just a boring extension of a company’s financial team, the FAO industry is becoming a game-changer by contributing profitability and efficiency. Finance and Accounting Outsourcing or FAO, as it is commonly known, started out years ago for routine general accounting and transaction management including handling of account receivables and payables management. But […]
A recent all-encompassing business process outsourcing contract with a whopping 13-year term is another sign of the booming BPO market in Brazil, which has been growing at an annual average rate of 6.5 percent over the last four years, according to The Brazilian Association of Information Technology and Communication Companies (BRASSCOM). Today, many Brazilian IT […]
Outsourcing Excellence Award – Best Global Services: Carillion PLC and Accenture Carillion PLC is a leading support services company. It operates in a highly competitive industry where achieving its margin targets demands a rigorous approach to controlling costs and delivering profitable growth. Carillion’s disparate processes and underlying systems were a potential obstacle to that growth. […]
The bulk of most companies’ operational costs are in manpower, says Ragu Bhargava, CEO of Global Upside, Inc., a finance and accounting (F&A) service provider. That’s one of the reasons companies in all industries are increasingly bucking the long-held practice of retaining full-time F&A staff in house. Mountain View, Calif,-based Global Upside, Inc. provides services […]
F&A Data Management Provider Keeps Brinker International Cookin’ by Archiving and Analyzing Its Data | Article
Brinker International serves more than one million guests in its 1,700 restaurants daily. In 2004, data integration was paper intensive and manual and began to encroach on the Brinker dining experience itself. Outsourcing data management was its recipe for success.
A lot of small business owners are great at their business but not at handling their finance and accounting processes. This causes them to make poor decisions that could sink their business. Here’s a flexible outsourced solution for this process, and it’s totally geared to small businesses.
Jimmy Hanson wanted to invite institutional investors to invest in his real estate management company. But he needed to revamp his accounting systems to meet their reporting needs. DTO’s real estate division solved his problem.
After 9/ll, people from all over the world sent contributions to the Twin Towers Fund to help the families of the fallen. Outsourcing was the fastest way to handle non-core aspects of disaster relief. OPI, a Manhattan-based service provider, volunteered to provide the fund’s accounting.
What’s a company to do when it has the business but not the resources to do it? Here’s the story of a deal that looked impossible at first…until it was outsourced to an ASP.
The Salvation Army knows how to collect donations. But setting up a new accounting database that served 493 locations was a battle won by an outsourcing supplier.
Mixing an old economy company with a new economy company turned out to be the easy part. Getting every financial system to talk to everyone else’s was the tricky part. Fortunately, an ASP came calling. PTEK Holdings of Atlanta, Georgia started as a calling card company selling the now ubiquitous cards to road warriors, businesspeople who travel extensively for their companies. We’ve always targeted the mobile professional, says Mike Havener, vice president finance and accounting for PTEK. The company went public in 1996.
The key to encouraging peak sales performance is to align the company’s sales strategy with its performance incentives compensation plan. performance incentives compensation is cash or non-cash earnings paid in addition to a cash base that is linked to individual or team performance..
Clearly, accounting is very important to every company. No business can operate without accurate or timely information. However, few companies differentiate themselves in the marketplace based on their accounting proficiency…
Since the Internet has made the business climate more competitive, the digital age is forcing companies to look at new ways of business. Companies that plan to succeed tomorrow have to shed all non-revenue-generating processes today…
No matter what business you’re in, you need accounting services. Whether you are talking to investors, preparing to go public, filing a tax return or just need an income statement, you need an accountant to crunch the numbers and report them the proper way.