Finance and accounting (F&A) was one of the first processes that companies outsourced, and the practice continues to boom. Simplifying and standardizing F&A processes is a key characteristic of well-run companies, and by instilling good F&A processes these companies can achieve a variety of good outcomes—such as more information, more service and more cash. Source: https://www.forbes.com/sites/xerox/2013/07/12/the-benefits-of-outsourcing-finance-and-accounting/#356e5e8d5a8e
The theory is that the outsourcing company is specialist in its field and has more expertise than the accounts department of one company. This logic extends beyond data entry where experienced and qualified accountants review and analyse financial information to advise the Board on potential business implications.
We have our own outsourcing facility so we actually insource in Europe, in Skopje, the capital of Macedonia, where our staff are British trained and managed. It is a relatively short flight from UK (compared to India for example, the home of much financial outsourcing) and you can visit your accounts team in Skopje where we will give you a very warm welcome.
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