Outsourcing Finance and Accounting: Challenges and Opportunities for Asia’s CFOs

by CFO Innovation and HP, 12 December 2012

Outsourcing some aspects of finance and accounting is becoming an accepted practice in Asia. The processes that are outsourced are mainly transactional – procure-to-pay (82%), order-to-cash (60%) and record-to-report (55%). However, 22% of companies are outsourcing financial planning and analysis.

Among this study’s findings are the following:
  • Finance outsourcing is becoming prevalent in Asia
  • Cost savings top the list of key drivers
  • Transactional activities are outsourced first
  • Companies are generally happy with outsourcing
  • Stakeholder buy-in and cleaned up processes are keys to succes

Posted by: www.in-tune.biz

In Tune specialises in finance and accounting outsourcing, human resource (HR) outsourcing to SME business owners in Malaysia; that traditionally cannot afford professional services which they now can at a fraction of the cost less the headache; so that they have more time to focus on the business operations that matters to them.

Why hire an executive when you can now get at least one qualified professional with an executive at less than an executive pay?

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