Sales & Marketing Alignment: How to Synergize for Success
Enhance Efficiency using offshore F&A analytic and business services
1. Acelerar White Paper
Use Finance and Accounting Analytics, Offshoring and
Business Services to Enhance Efficiency
There is no fixed time which is ideal for offshoring finance and accounting services but
considering the current scenario of your business vision, goals and objectives, unique proposition
and the present customer requirements will help you finalize the right decision. However, if you
look forward for professional processes to reduce costs and enhance your business operations
without compromising on your core activities this can be the best option and the need of the hour.
Finance Accounting Analytics, Outsourcing and Business services helps the current business to
avoid inconsistency and challenge of running day to day business by implementation of reliable
business strategies such as timely filling and return of taxes. There will be accurate business
transactions, which will make a sound and enhanced finance and accounting processes.
Though the key factors why most people outsource finance and accounting are lack of essential
skills and lack of time to embark upon pain areas, there are many other reasons why finance and
accounting outsourcing is necessary for every business. The most peculiar reasons for offshoring
business services include:
If you are still not sure on whether to hire finance and accounting
outsourcing vendor or an in-house employee, you should consider this. When you outsource the
service of an expert, you bring with it a diverse pool of experience and knowledge due to the
diversity of the industry.
Professional services:
Acelerar White Paper June 2013
2. Time to focus on your business primary activities:
Administrative efficiency:
Better utilization of available resources:
This is the major reason why most small and
medium businesses outsource bookkeeping. If a professional vendor is hired to perform finance
and accounting activities, you are left with more time to dedicate to your business core activities.
When you offshore or outsource finance and accounting activities, you
eradicate the cost and challenges associated with hiring and training new employees. You will
also not worry about the challenges in defining employee work descriptions and employees'
retention and succession plans.
An in-house employee requires hardware, software and
space to perform accounting and finance activities. When you outsource the service, you can
utilize the resources needed to buy and maintain that equipment on other essential activities.
Transaction wise processing: Receiving and logging your physical and electronic bills &
payments.
Recording and paying your bills.
Generating and sending your invoices.
Recording and depositing payments.
Expense management service, tracking reports, approvals and payments.
Payroll management service, interfacing with client's existing payroll
services or providing our own.
Standard recordkeeping - accruals, month-end close etc.
Account Reconciliation, Intercompany reconciliation and bank & credit card
reconciliation.
A customized financial dashboard which shows current financial health
of your organization.
Regular financial reporting (monthly P/L & balance sheet, variance
analysis).Financial Planning and Analysis: Financial planning and analysis, including budgeting,
forecasting, capital expense planning, etc.
How can Finance and Accounting Analytics, Outsourcing and Business
Services helps in Enhancing Efficiency
Accounts Payables:
Invoicing:
Accounts Receivables:
T&E:
Payroll Services:
General Ledger Services:
Reconciliations:
Financial Dashboard:
Reporting:
Acelerar Press Release
Acelerar White Paper June 2013