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Why outsource your Accounting & Finance operations

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  • 1. “Why outsource your Finance & Accounting operations ?”
    Anupam Rajey
    anupam@acelerartech.com
    Prabal Pratap Singh
    prabal@acelerartech.com
  • 2. Anupam is a seasoned marketing & sales Professional with rich cross functional experience in
    a wide range of Industries ; He helps companies Increase Sales, Brand Visibility, Build Corporate Image Online & Offline and help companies develop
    better relationships with their customers.
  • 3. Prabal is a senior financial executive with his focus area being accounting, fixed income securities and corporate financial planning & analysis. He has extensive experience in operations management handling a team of seasoned F&A professionals working around the full spectrum of senior level financial management responsibilities.
  • 4.
    • To reduce, check and control operating costs.
    • 5. To free the organization’s internal resources for core business purposes.
    • 6. To catalyze business process reengineering benefits.
    • 7. To emphasize strategic use of capital funds.
    • 8. Helps improve company focus.
    • 9. To gain access to and utilize world class capabilities.
    • 10. To gain advantages of a shared risk management strategy.
    • 11. Bonus Point: To enhance ROI via a shift from function-based to process-based (“end-to-end”) outsourcing.
  • Acelerar Survey Results:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Reasons for F&A outsourcing:
    Reduce operating costs --- 49%
    Add flexibility/reliability ---- 30%
    Improve capital usage ------ 48%
    Free internal resources for core business functions ------ 38%
    Improve competitive position --- 17%
    Share risk ----- 20%
    Improve company focus---42%
    *Numbers don't add to 100% because multiple responses were allowed.
    ** Courtesy: Acelerar Research Team
    Powered by Acelerar
  • 12. Typical costs for retaining a bookkeeper:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 13. Key Factors:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 14. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 15. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 16. Driving Factors:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 17. How Outsourcing support these factors:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 18. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    BPR
    Key Components
    Powered by Acelerar
  • 19. BPR Methodologies:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 20. Advantages:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 21. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 22. Non-Core Activities
    Core Activities
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    • Finance & Accounting
    • 23. Payroll Management
    • 24. Taxation and compliance
    • 25. Financial and Management reporting
    • 26. Licences
    • 27. Core Competencies
    • 28. Revenue generating Activities
    Powered by Acelerar
  • 29. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 30. Advantages:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 31. Acelerar’s survey revealed that improving company focus is a high priority for 42% of the respondents who took the survey.
    Outside experts provide:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 32. Outsourcing Value Equation
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 33. India as a preferred FAO destination :
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 34. India is expected to remain a key location for FAO
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 35. Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Risks
    Powered by Acelerar
  • 36. Operational Risk Mitigation Plan:
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 37. O2C : major functions
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 38. O2C : integrated solutions
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 39. O2C: recent trends
    Reduce operating costs.
    Internal resources for core business.
    Catalyze BPR benefits.
    Strategic use of capital funds.
    Improve company focus.
    Utilize world class capabilities.
    Shared risk management strategy.
    Shift to process-based outsourcing.
    Powered by Acelerar
  • 40. THANK YOU!!!