Why Outsource?
Outsourcing the accounting function is a sound business strategy. It allows companies to focus on their core business – doing what they do best, and better able to meet customer demands. And it saves money.
Building a back office accounting function – complete with all of the required technological infrastructure – is expensive and time consuming. Resources are diverted that could be better used to pursue tactical and strategic objectives aimed at improving productivity and quality.
At ProAccounting, we believe that effective outsourced accounting is more than a service, it is a relationship. We build that relationship with each client by learning about his or her business process and culture.
We then design a service package that meets the unique needs of the business. If the client has an in-house accounting staff, our team of accountants and bookkeepers can supplement and support their work. If needed, our team can become the in-house accounting department. Our team is your team. Our services grow and change with the needs of the business. We know from experience that a successful outsourcing relationship will improve the bottom line for our client.
What Companies Should Outsource?
Outsourcing for Companies of Every Size…
Finance and accounting outsourcing has been a mainstream option for large companies since the 1970's. Businesses of every size—from startups to Fortune 500 companies—now outsource the finance and accounting function due to its significant, proven benefits. Today, companies who adopt outsourced accounting can achieve the following:
- Cost Savings: Save 30-50% over full-time employee costs via the business process outsource model
- Process Standardization: Outsource process definition and streamlining using resources armed with best practices
- Labor Flexibility: Add or subtract resources quickly as your business requirements change
- Greater Control: Monitor functions via standardized processes and improved reporting
- Improved Decision Making: Drive your business using improved analytics and decision support tools
Startups and small-sized companies realize lower labor 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.
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