Finance and accounting (F&A) outsourcing has been a mainstream option for Small, Medium and large companies since the early 80's. Over the last two decades, companies of every size—from startup to Fortune 500 companies—have rushed to adopt F&A outsourcing due to its significant, proven benefits. Today, companies who adopt F&A outsourcing can achieve the following:

• Cost Savings: Save 50-60% guaranteed in FTE costs over locally-available resources via offshore model.
• Process Standardization: Outsource process definition and streamlining using resources armed with best practices.
• Labour Flexibility: Add or subtract resources quickly as your business requirements change.
• Greater Control: Monitor functions via standardized processes and enhanced reporting.
• Improved Decision Making: Drive your business using improved analytics and decision support tools.
  
  

Startups and small-sized companies realize lower labour costs, workforce flexibility, and superior resources through outsourcing, which can directly impact their bottom line, fuel greater growth, or open new business opportunities through globalization. Mid- and large-sized companies reap the same benefits and outcomes, but on a much larger scale. They can also gain unique competitive advantages such as greater operational efficiency, improved investment decision making, and more.

While utilizing U.S.-based, outsourced resources can provide value to a company, going offshore to find Fand A talent has become a required element for any successful outsourcing strategy today. This is a result of several issues today:

• U.S. finance and accounting salaries rising 35% in the last 6 years*.
• A shortage of good F&A talent that is expected to last for the next 10-15 years*.
• Attrition rates as high as 17%*.