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Outsourcing for Companies of Every Size…
Finance and accounting (F&A) outsourcing has been a mainstream option for large companies since the 1970’s. Over the last two decades, companies of every size—from startups to Fortune 500 companies—have rushed to adopt F&A outsourcing due to its significant, proven benefits. Today, companies who adopt F&A outsourcing can achieve the following: 
- Cost Savings: Save 50-60% in FTE costs over locally-available resources via offshore model
- Process Standardization: Outsource process definition and streamlining using resources armed with best practices
- Labor Flexibility: Add or subtract resources quickly as your business requirements change
- Greater Control: Monitor functions via standardized processes and improved reporting
- Improved Decision Making: Drive your business using improved analytics and decision support tools
Startups and small-sized companies realize lower labor costs, workforce flexibility, and superior resources through outsourcing, which can directly impact their bottom line, fuel greater growth, or open new business opportunities through globalization. Mid- and large-sized companies reap the same benefits and outcomes, but on a much larger scale. They can also gain unique competitive advantages such as greater operational efficiency, improved investment decision making, and more.
Offshoring: Maximizing Outsourcing Value
While utilizing U.S.-based, outsourced resources can provide value to a company, going offshore to find F&A talent has become a required element for any successful outsourcing strategy. This is a result of several issues today:
- U.S. finance and accounting salaries rising 35% in the last 6 years*
- A shortage of good F&A talent that is expected to last for the next 10-15 years*
- Attrition rates as high as 17%*
Utilizing talent from countries such as India not only yields the same benefits as outsourcing within the U.S., but also leads to an unrivaled cost advantage.
To learn more about why Consero is the right service provider for your outsourced, offshore F&A needs, please click here.
* The People Who Count, Alix Nyberg Stuart, CFO Magazine, April 1, 2006