Some of the benefits of outsourcing the finance and accounting function include:

• reduced costs through wage arbitrage typically resulting in savings in excess of 25%
• superior business intelligence and analytics allowing businesses to enhance margin through greater focus on product mix / yield management
• allows management to focus on strategic priorities rather than routine back office functions
• more accurate,relevant and timely financial information allowing improved working capital management
• frees up capital as it moves expenditure from capital expenditure to operating expenditure
• access to best practice in relation to processes, shortening reporting cycles and improving segregation of responsibilities and controls
• full documentation of procedures and processes, ensuring improved consistency throughout an organisation
• comprehensive measurement and tracking of key internal performance indicators and service levels, allowing enterprises to identify problem areas and bottlenecks and to deal with them accordingly
• improved flexibility and scalability allowing businesses to react rapidly to volatile market conditions