Outsource Bookkeeping Accounting  
     
 
  • High expenditure in human resources and overheads accompanying business expansion constrains business potential of small and mid-sized companies
  • Implication- Outsource accounts to eliminate fixed costs associated with expansion

  • Mid sized companies compared to larger companies
    • spend a higher proportion of their revenue on back office services
    • maintain a greater staff count in Finance and HR functions

    Implication- Outsource bookkeeping and execute accounting outsourcing to enhance efficiency of operations

  • According to a study, finance and HR functions in mid-sized companies spend as high as 87% of their time in processing routine accounting and bookkeeping activities rather than strategic analysis and reporting
  • Implication- Outsource bookkeeping accounting to focus more on critical business functions

  • Lack of access to real time financial data impedes faster decision-making
  • Implication- Implement accounting outsourcing to enable faster turn-around time

  • Absence of specialized expertise in functions like HR ,accounting and bookkeeping results in lower productivity and process efficiency
  • Implication- Outsourcing accounting to India brings in specialized expertise in accounting and bookkeeping

 
     
 
 
Outsourcing has substantial potential benefits for Small and Medium Enterprises
 
     
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