Beyond the Basics: Finance and Accounting Outsourcing

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There are numerous tasks of a company that are being outsourced today, from a company’s main services offered to the market to a company’s human resources duties. However, there is one that has been around since the birth of the concept of outsourcing as it is one of the internal corporate tasks that need expert attention and this is none other than finance and accounting outsourcing. It would be permissible for the general public to assume that accounting is one of the major solutions being outsourced today.

Most people would only think about accounts receivable, accounts payable and general accounting upon hearing the words finance and accounting outsourcing but it seems that there is another degree to it that is on the rise, which is financial planning & analysis. This particular branch has been present for the past few years but it is outsourced less frequently as it has not yet penetrated the market compared to the more popular ones.

A recent study by Everest Research Institute suggests that financial planning & analysis has a significant movement in terms of finance and accounting outsourcing contracts. The market research firm reported that between the years 2005 to 2009, the sealed contract renewals included a financial planning & analysis scope. In addition to this, it was also mentioned that the key players in the contract signing are from the manufacturing and retail industries.

Global leaders in outsourcing offering this kind of service, such as Genpact (NYSE:G), Wipro (NYSE:WIT), Infosys (NASDAQ:INFY), and Accenture (NYSE:ACN), are now enhancing their Financial Planning & Analysis capabilities since they are seeing that there is still room for improvement and there is a great possibility that this specific degree of outsourcing will see a boom in the coming years. Vengroff, Williams & Associates, a global service provider for order to cash processes, predicts that finance and accounting outsourcing will gain higher value this 2011. Accenture (NYSE:ACN), which is one of the companies mentioned above, has added another set of services to offer the market, to be delivered through their facilities in Cebu, Philippines. These services are focused on non-voice solutions which consist of finance and accounting solutions, among others.

However, as great as the idea of outsourcing financial planning & analysis may sound, it seems that not all countries are capable of extending their services yet, since there is a certain level of expertise needed to perform such tasks. This particular branch of finance and accounting outsourcing requires a higher level of expertise and training, compared to that of the other offerings under the same category. Taking into account the Philippines, the country may be regarded as one of the top destinations for outsourcing, especially for contact center solutions, but still financial planning & analysis outsourcing is still at its infancy in the country.

In the coming months and years, we may expect that the popularity for this degree of finance and accounting outsourcing service will increase and that the countries that promote outsourcing will be fully capable of extending their services to companies around the globe.

Audrey B is a member of Infinit Outsourcing content writing department, one of the leading accounting outsourcing companies in the BPO sector with offices in US, UK, and Asia.


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  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
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  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
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  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!

Programs:

  • B.S. in Accounting
  • B.S. in Finance and Economics
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business - Accounting
  • Offers M.B.A. and bachelor’s programs in Business Administration with concentrations in Marketing, Accounting, and more
  • Ranked among the Best Online MBA Programs and Graduate Business Programs for 2017 by U.S. News and World Report
  • Coursework covers topics like project management, management fundamentals, and business strategies
  • Business students complete a capstone class that demonstrates their knowledge of business concepts

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business Administration - Finance
  • Degrees offered include Bachelor of Science in Accounting, Bachelor of Science in Business Administration, and Master of Business Administration.
  • Students are instructed in relevant business skills like communication, mathematics, and management.
  • Coursework emphasizes the development of project management, communication, decision-making, and problem-solving skills.
  • Flexible, 100% online and campus based programs available.

Programs:

  • BS in Accounting
  • BS in Accounting - Managerial Accountancy
  • BS in Accounting - Public Accountancy
  • And more...
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.

Programs:

  • BA/Accounting
  • BA/Consumer and Family Financial Services
  • BA/Finance
  • And more...
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.

Programs:

  • Business Administration - Accounting (BS) (Online)
  • Business Administration - Finance (BS) (Online)

The Secret to Getting Ahead is Getting Started

Congratulations! Your interest in Independence University is an important first step toward changing your life. A career-focused degree is the key to a new career with a potentially higher income, better benefits, and more satisfaction.

We want to help you get that degree. Consider:

1.       Start Fast, Finish Fast: You can earn an Associate’s degree in 20 months, and a Bachelor’s degree in 30 to 36 months.*

2.       Save up to $5,000 on your college degree.† You can afford college with our new Fresh Start Scholarships!

3.       Tuition Assistance: Financial aid and grants are available to those who qualify.

Programs:

  • Accounting (BS)
  • Accounting - Forensic Accounting (BS)
  • Business Management & Accounting (AAS)

You’re serious about success. With your busy schedule and the desire to move your career forward, you can earn an accredited associate, bachelors or master’s degree at a pace that works for you anywhere, anytime, 24/7.

At AIU, the Serious U, you can get started to get ahead.

Programs:

  • Bachelor of Accounting
  • Bachelor's (BBA) - Accounting
  • Bachelor's (BBA) - Finance

Centura College, with campus locations in Virginia, South Carolina and Florida, is dedicated to helping students gain the skills and attitudes necessary to succeed. Drawing from over 30 years of career school experience.

Programs:

  • Associate of Applied Science Degree in Business-Concentration in Accounting Administration
Locations:  Chesapeake
  • Online and ground-based program areas include Fashion Marketing and Management and more.
  • Students can study branding, event management, and public relations to help them prepare for a marketing career
  • Course topics include Fundamentals of Business, Brand Strategy, Project Management, and Principles of Market Research
  • Over 50 locations nationwide, with a student support team dedicated to helping students grow
  • Join our next Open House on 10/21 (10/28 @ select locations)!

Programs:

  • Marketing & Entertainment Management (BS)
  • Fashion & Retail Marketing (AS)