Even as more organizations show interest in Finance and Accounting Outsourcing (FAO), the focus remains primarily on transactional processes such as accounts payable and receivable, payroll, etc. However, there has been a growing demand for specialized, non-routine, F&A services, and providers are gearing up their capabilities to meet this demand. The top providers now position themselves as business partners, so they can move from transactional outsourcing to transformational outsourcing – where they collaborate with the client to drastic improvements to the clients operating model to gain greater competitiveness and profit margins.
Whether an organization is thinking of outsourcing routine F&A tasks, or going for more complex outsourcing, they need to conduct a thorough and objective FAO assessment. Stradling has vast experience in FAO advisory in various industries. Some of the challenges we see occurring most often are:
