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F&A Outsourcing

Based on our experience in all industries of different sizes, a typical finance department that has not outsourced its F&A function is spending 70-80% of its time on transactional activities. A recent KPMG report states that organizations outsource more than 40% of their finance function processes. Outsourcing allows the internal finance team to focus on and specialize in forward-looking analysis and providing business decision support to the management and leadership.

Transactional activities are routine, rule-based, repetitive, and process-driven which can be delivered either off-site or on-site when outsourced. These lower value-add activities are easier to transition to a Shared Services or BPO model and provide the foremost immediate return on investment.

Outsourcing the F&A function helps with cost reduction, gives you access to the best talent pool, provides faster turnaround, helps you meet compliance requirements, generates reporting and analytics, and long-term savings. From the several F&A processes which a client can outsource, we typically recommend the following:

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Outsourcing F&A brings pivotal professional expertise to the enterprise which utilizes modern technology to ensure implementation of best practices, compliance and keep the systems and processes adaptable to the changing business environment. [/vc_column_text][vc_row_inner][vc_column_inner][tlg_modal icon=”ti-angle-right” btn_layout=”btn-new btn-1 btn-1b” btn_hover=”hvr-bounce-out” modal_layout=”modal-6″ customize_button=”yes” btn_text=”Request a Consultation” btn_bg=”#fbb61a” btn_color_hover=”#000000″ btn_border_hover=”#000000″ btn_color=”#ffffff” image=”5450″][tlg_headings title_tag=”h4″ alignment=”left” spacing=”mb16″ title=”Request a Consultation” subtitle_color=”#000000″ subtitle=”Talk to an advisor to create a customized program that blends proven strategy with implantation plan and guaranteed results.”][vc_column_text]

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The finance professionals of tomorrow need to concentrate on driving strategic objectives, going beyond a bottom-line and compliance enforcer to a profitable growth driver.

With RPA replicating human effort and bettering it proactively, the self-correcting, self-adapting automation is driving the change.
The hands-on implementation model of Practus, pooled with the unique combination of right processes and right people delivers results. Our outcome-based solutions and BOT model ensure that you get clear ROI on fees.
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