Benefits of Outsourcing Financial Services
Outsourcing the financial services to an offshore firm is the most efficient way to save time, efforts and money. But when you outsource services to an India based firm you have tons of benefits.
With India being the IT hub of the world, you can rest assured that you will have the best systems and processes adopted. Further, there is an abundant pool of most experienced resources available. There is a time zone advantage as well, “You sleep while we deliver”.
Here are a few more reasons why we think it’s best to outsource financial services;
Outsourcing VS In-house
| Pros | Cons |
| Certainty of costs with significant savings | Hiring, training, retaining skilled resources is a concern |
| Reduced infrastructure costs | Overhead expenses like HR, IT Support, Infrastructure and more |
| SLA, Deliverables, Responsibilities and Timelines are pre-defined, and it becomes easy to track | You spend more time on assigning activities and tracking them to their completion |
| Scalability is not an issue | Unable to take more work due to issues of scaling up quickly |
| Outsourced firm takes care of routine activities such as Accounting, Compilation & Review, Tax Preparation | More time spent on routine activities that have low billing rate |
| You are left with more time to focus on value-added services and grow the business | Being occupied with routine leaves very little or no time for business growth and value-added services |
By outsourcing Accounting, Compilation & Review and Tax Preparation services you get the best of both worlds; accurate numbers without the hassle of doing the work in-house.
Just to summarize, outsourcing will lead to:
- Maximum revenue with minimum expense.
- High quality and timely deliverables.
Boston Financial Advisory Group (BFAG) is a team of Certified Public Accountants (CPA), Chartered Accountants equivalent to CPA, CMAs and corporate counselors who are well-versed in their domain. BFAG offers a wide range of services such as Accounting, Financial Statement Compilation & Review, Audit Support, Tax Preparation and more with proprietary technology. In short, we are a one stop solution for all your Financial Accounting needs. Let’s say you have a dedicated back-office that contributes to your growth.
Get in touch.
Email: info@bostonfagroup.com / sales@bostonfagroup.com
Call us at: USA: +1 6099377291/ 609 547 8495
India: +91 9845196924/ 8600477799
Website: https://bostonfagroup.com/
