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Finance & Accounting

Finance Outsourcing vs. In-House Accounting: Which is Right for Your Business?

Jagdev Singh

Every business activity is unique and must be managed by trained personnel, but accounting is different. Businesses that deal with money should have a clear vision and plan in place to handle it correctly and efficiently. The choice of whether to maintain accounting in-house or outsource it is referred to as strategy. It may seem …

Why Outsourced Finance is the Smart Choice for Growing Companies

Jagdev Singh

In a multifaceted and constantly changing landscape of business, a growing company meets numerous challenges. Among the critical areas calling for a high level of attentiveness is financial management. With this expansion of enterprises, the management of financial tasks will increase in complexity. As a result, a strategic approach is required to facilitate sustainable growth.  …

Overcoming Common Challenges in Finance and Accounting Outsourcing

Jagdev Singh

Finance and accounting outsourcing (FAO) is becoming a more popular strategic choice among businesses looking to reduce expenses and increase efficiency. There are benefits associated with outsourcing accounting and finance activities, but there are drawbacks as well. We will examine the realm of finance and accounting outsourcing in this blog article, highlighting its significance, comprehending …

5 Factors to Consider When Outsourcing Financial Services

Jagdev Singh

Outsourcing financial jobs paves the path for firms to continue with their core competencies while taking advantage of the hands-on know-how and expertise of external suppliers. Yet, not all outsourcing partnerships are based on the same principles. For a successful and smooth collaboration, organizations need to consider and analyze a number of factors before doing …

5 Trends in Global Business Center Development

Ben Trowbridge

Offshore captive development and Global Business Services (GBS) have been integral to the growth and expansion of multinational corporations in recent years. With globalization and technological advancements, the offshoring industry has undergone significant changes, and offshore captives and GBS centers have evolved to fulfill changing business needs. The continued expansion of the middle and senior …

What Are Your Options to Create a Global Delivery Capability?

Ben Trowbridge

Summary: Even companies that might have a global footprint already can struggle with creating a balanced global delivery capability to control costs and access the right talent. Their experience and familiarity with their current situation can often cloud the decision as they are often too close to the problem to develop an unbiased and well-rounded …

BPO for the Next Generation

Outsourcing Staff

How analytics, insights and innovation are revolutionizing the outsourcing industry. Take a look at the next generation of BPO! Since its mainstream inception in the 1990s, a comprehensive and successful business process outsourcing (BPO) program has consisted of three main elements: cost reduction, transaction processing of non-core functions (such as human resources and finance and …

Five Reasons Why Non-US Providers Are Beefing Up Their US Centers

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

Non-US-based outsourcing service providers are currently beefing up their US operations. A constellation of events are making this beneficial for both outsourcing buyers and providers. “Every provider wants a US presence,” observes Denis Winkler, Director at Alsbridge. “And if they already have a presence, it’s growing.” Some of the factors creating this new geographical attitude …

The Do’s and Don’ts of Payroll Outsourcing

Outsourcing Center, Patti Putnicki, Business Writer

Payroll outsourcing is an excellent way to improve accuracy, streamline processes and offload time-consuming, often tedious tasks to a proven specialist. While the service is designed to simplify life for the client company (and the people in it), without careful planning or adherence to some best practices, the whole thing can get a little complicated. …

The F&A Forecast: 14 Challenges and Six Solutions

Outsourcing Center, Beth Ellyn Rosenthal, Senior Writer

The finance and accounting function, along with HR, have traditionally been the BPO processes that companies testing the waters of outsourcing get wet with first. Today “transactional outsourcing has been leveled to a simple commodity,” says Michael J. Alfonsi, Managing Director, BancTec Financial Transaction Services. So what are FAO’s challenges 20 years later? Processes are …

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