Why do business finance or accounting outsourcing is increasingly popular option?

CRITICAL FACTORS IN OUTSOURCING OF ACCOUNTING FUNCTIONS IN MALAYSIAN SMALL MEDIUM-SIZED ENTERPRISES (SMEs)

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The current state of outsourcing in Malaysia suggests that outsourcing has emerged as a management strategy. Outsourcing is the practice of contracting out business processes to a third party or to an external source (Longenecker et al., 2003; Brown and Wilson, 2005; Rodriguez and Diaz, 2008) and hence involves the transfer of responsibility (Krell, 2006). As organisations shift their focus towards their core competencies, the outsourcing of less critical functions to a third party is becoming an attractive option.

Whereas organisations see outsourcing as a tool used to increase efficiency and effectiveness in the process of improving business performance

Source: magiswary.dorasamy@mmu.edu.my

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Source: NST Posted by Alex Wong CPA Australia Melbourne University, Australia In Tune specialises in finance and accounting outsourcing, human resource (HR) outsourcing to SME business owners; 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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