Finance & Accounting Outsourcing
Outsourcing finance and accounting presents a series of unique challenges that require deep expertise and sophisticated toolkits. The competitive advantage in every industry goes to those CFOs and controllers who strategically leverage lower costs and streamline their business processes. However, this must be balanced with ensuring compliance with the Sarbanes-Oxley Act and Generally Accepted Accounting Principles, and the continued satisfaction of the audit committee.
Companies that rashly outsource across the functional landscape often suffer the consequences of sloppy work produced in remote areas by unqualified personnel. The wise finance executive conducts a thorough strategy study first, following the steps illustrated here. The end result is an outsourcing strategy that balances risk and reward, with a surgeon's eye toward what work "goes" and what work "stays."
The scope of services and associated risk profile that each company is ready to outsource or retain can vary quite considerably. We help our clients identify the most suitable finance and accounting (F&A) services for outsourcing.
We routinely deliver breakthrough cost reductions and data-driven practices giving clients the freedom to focus on core competencies through finance and accounting outsourcing. Clients consistently realize 30-50 percent savings in operating costs, unlocking valuable capital and fueling growth and increased profitability. Just as importantly, our clients' outsourcing relationships are laser-focused on compliance. We only recommend those tier one F&A outsourcers that offer world-class tools and methodologies for ensuring that you pass your SOX audits, the first time and every time.
"Alsbridge brings experience and independent challenge to the strategic decision and business case development process that is invaluable to any senior leadership team." â€“GUY COWAN, FORMER CFO, SHELL OIL