• 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 transactions rather than strategic analysis and reporting.

 Implication- Outsource bookkeeping and outsourcing 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 and accounting resulting in lower productivity and process efficiency

Implication- Outsourcing accounting to India brings in specialized expertise in accounting and bookkeeping