No longer considered “collections”, Finance & Accounts (F&A) outsourcing is about tapping knowledge, skill, technology and strategies to improve a company’s ability to streamline its financial operations. From revenue cycle management to order-to-cash and business process outsourcing (BPO) solutions, companies are discovering that a holistic approach to all facets of F&A can allow the organization to focus on its core business functions, leaving an expert resource to improve a key, yet non-core function.
Companies moving toward F&A outsourcing are well represented, with many processes available, including A/P, A/R, financial reporting, internal auditing, order tracking and management, treasury functions. F&A is among the most aggressively source categories in the outsourcing industry. Some estimates placed F&A sourcing at one-tenth of all outsource services for 2006, with continued growth expected to reach $70 - $75 billion in 2007, notes an industry estimate. In fact, at 29 percent each, only human resources outsourcing rivals F&A for importance among buyer demand, according to a survey from Ross Research and the Shared Services and Business Process Outsourcing Association.
Limtex Infotech has good command in the F&A arena. Outsourcing high-value and sophisticated core business processes to Limtex Infotech in India is a strategic move for forward-thinking organizations, as we consistently deliver superior value and achieve the highest standards. Most importantly, we serve as your virtual overseas partner, ensuring quality, confidentiality, integrity, and on-time execution for each project. Clients take advantage of Limtex Infotech’s India-based F&A process outsourcing (often referred as Back office outsourcing in India) expertise and experience to obtain world-class quality with total peace of mind and compelling savings.
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