Finance and accounting outsourcing (FAO): Overview
Learn the main advantages of finance and accounting outsourcing (FAO), and how you can add value to FAO decision-making processes in our overview document.
Today’s businesses have entered a new era of FAO. Cost reduction is still a prominent objective, but it is far from the only benefit gained.
A solid understanding of FAO will enable you to:
- identify opportunities to improve how the finance and accounting function supports your organization's strategic objectives
- spot more cost-effective and efficient ways to perform existing processes
- invest more resources and time in higher-value activities
- ensure that current and potential FAO investments strike a profitable balance between risks and benefits
- identify and share leading outsourcing practices with other parts of the organization
You will learn:
- how outsourcing today is much more common and broader in scope
- how FAO relationships can help professional accountants
- why FAO is more relevant in today's more complex business structures