Outsourcing is a global automotive market. Its evolution brings the companies an edge to reap the best benefits out of cash on-hand. It helps in optimizing internal processes of the company.
5. ο Begins from BASIC TRANSACTIONAL process
ο Goes onto STRATEGIC FUNCTIONS (like budgets,
forecasts & internal audits)
6. ο Cost savings
ο More efficient processing
ο Upgraded technology used
ο More information
ο More services
ο More cash
ο Reduce the cycle to close financial book
ο Controlled budget
ο Less errors
ο Rise in quality
7. ο Develop better benchmark
ο Set better baseline for regulatory needs
ο Expand the scope
ο Clear understanding of where spending
ο Improve policy compliance
ο Time to focus on core competencies