IN-HOUSE VS. OUTSOURCE
Many businesses have long relied on a third-party vendor to outsource some of their finance and
accounting duties. But this is no longer merely a cost-savings move. F&A vendors are now able to add
value to their partner organizations through automation and close communication, giving CFOs the
tools and data they need to grow, innovate and add strategic value to the executive team.
WHEN IN-HOUSE F&A FALLS SHORT
Full-time staff are often talented, knowledgeable and engaged, but providing them with
the best tools and resources to excel requires significant investment.
say their accounting staff tend to be reactive rather than proactive,
30 to 34%
of business leaders
say it’s increasingly important or even critical to integrate front office strategy with back office operations,
but are struggling to do this quickly and effectively.
Just 40% of
consider themselves “extremely”
or “very knowledgeable” on
finance or accounting.
say their current
function does not have the right mix of capabilities to meet its future priorities
WHERE OUTSOURCING COMES IN
Combining automation under a SaaS model, F&A providers enable creative change
and rapid growth in a flexible package.
now rely on outsourced F&A teams for intellectual capital, global scalability and cost-savings.
In addition, 31% of executives now see outsourced partners as primary sources of growth.
Full integration with third-party finance teams is possible in
less than 30 days
and remains fully adaptable to fluctuations in project scope.
see the finance leader role fundamentally changing
as traditional finance tasks are automated or manged in
shared services centers.