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Key Facts - Finance & Accounting Outsourcing


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Outsourcing key processes to competent firms can help businesses of all sizes in gaining several benefits. Specifically, Finance and Accounting outsourcing can help them to streamline their processes and also reduce cost. Here is an infographic that presents some interesting facts on F & A outsourcing and its advantages.

Published in: Economy & Finance
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Key Facts - Finance & Accounting Outsourcing

  1. 1. References : (1) (2) (3) (4) (5) Solutions for higher performance! Toll Free: 800-232-5130 Finance and Accounting outsourcing is big business and enterprises regardless of their size and market share outsourcing key processes to competent firms. Small businesses especially have a very good reason to outsource finance and accounting departments. of the cost of finance is directly tracked to labour 60% How organizations can stay on top by outsourcing Finance and Accounting? Finance Accountants work on an average 2,172 hours annually Reasons why F & A outsourcing is crucial Top F & A roles that are much sought-after Need for better understanding internal customer needs More emphasis on value addition than pure transactional needs Getting the right resources for the right job 64% of CFOs are looking to fill open positions, while 58% have faced difficulty in filling these positions, thus far. Financial Reporting Internal Audits Tax Accounting Outsourcing can naturally help to streamline the process, bring about efficient practices, reduce costs and chase bigger returns. Key Facts Finance & Accounting Outsourcing