India is today the preferred destination for FAO (Finance and Accounts Outsourcing). The success of India’s outsourcing firms has ensured that more than 80% of the Fortune 500 companies are offshoring or evaluating the outsourcing.
The country with its reputation for IT and ITeS services is a global outsourcing hub for financial services, with half of its BPO revenues coming from the BFSI sector (Banking, Financial Services and Insurance).Do you agree with me!
One of the areas is financial analysis – the integration and analysis of information stored in financial systems and other critical data sources across the organization make up Financial Analysis Services.
Benefits of outsourcing Financial Analysis Services
- Information for action: Outsourcing financial analysis services gives management access to faster and more accurate interpretation of financial data. This enhances decision-making ability so that action can be taken to improve the financial state of the organization.
- Better technology: Access to improved technology means that data can be used on a regular basis to improve service levels in the company.
- Business transformation: Cost savings, although substantial (30-50%) are no longer the only reason for outsourcing financial analysis, which can help a business become more competitive by providing better service and quality, continuously innovating in products and processes.
- Transparency and regulatory compliance: CFAs the world over are turning to financial services outsourcing to achieve improved financial reporting and regulatory compliance.
Transvisionary Solutions offers you the flexibility to choose any one of the following accounting processes which would best suit your company’s requirements.
- Server-based system
- Remote-access system
- Using Application Service Providers.
