Finance and accounting service outsourcing is engaging external accounting service provider to provide one or more finance and accounting activities or processes. Outsourcing accounting service processes has become a strategic decision to save resources and improve performance. By outsourcing some or all of your accounting processes you can save on capital expenditure, working capital, and human resource management.
Outsourcing financial and accounting service operations can help business to be more innovative and focused on value creation. Accounting transactional processes such as accounts payables, accounts receivables, cash management, bookkeeping, final accounts preparations coupled with high value regulatory accounting, income tax, payroll and sales tax return preparation.
Advantage of outsourcing is available to all business, irrespective and size small to large corporate. Outsourcing helps companies to release internal resources to focus on more business goals and more strategic activities. Outsourcing of accounting and bookkeeping process to third party accounting service providers with greater expertise can transform your existing resources to act as business partner towards business growth.
Third party supplier performs finance and administrative functions more efficiently and cost effective manner than the companies working of their own.
Under outsourcing, third party service provider manages the shared service centre, specific project related services, irrespective of locations and performs the work. Primary emphasis of outsourcing is to reduce cost, access to talented pool of resources that help improve decision making.
Actuit India is one such accounting service provider to businesses from its offshore shared service centre in New Delhi, India. For more details visit: http://www.actuitindia.com.
