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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  • 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
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  • BA/Sports and Recreation Management - Finance
  • And more...
  • 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

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:

  • Bachelor of Science in Business with a Concentration in Accounting
  • Associate of Applied Science Degree in Business-Concentration in Accounting Administration
Locations:  Virginia Beach
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • 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.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • 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
  • Recognized in the first Best for Vets: Business Schools list in Military Times Edge magazine’s 2013 “Best for Vets” edition.
  • Offers MUSE (My Unique Student Experience), a content delivery system that gives students the option to watch, view, read or listen to required course materials.
  • Allows students to complete courses at whatever pace they want.
  • A DANTES-affiliated university and member of the Service Members Opportunity Colleges.
  • Offers IntelliPath, a proprietary learning technology that lets students learn at their own pace.

Programs:

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

WELCOME TO KAPLAN UNIVERSITY

Online Education That Fits Your Life

For 80 years, we’ve been preparing students for career success. We’ve led the wayso that our students can too.

Globally Renowned Purdue to Acquire Kaplan University

Purdue University, one of the nation's most respected universities, will acquire Kaplan University and create a new, nonprofit, public institution within the Purdue system. Pending regulatory approvals, this exciting transition is expected to take place later this year. This change will be seamless—during the transition, you will still be able to enroll at Kaplan University, earn a high-quality education, and meet your educational and career goals.

Programs:

  • BS in Accounting
  • BS in Accounting - Managerial Accountancy
  • BS in Accounting - Public Accountancy
  • And more...

CTU can help you connect to what matters most: a powerful professional network, faculty who are real-world professionals and innovative technology. And now several CTU degree programs are ranked by U.S. News Best Online Programs for 2015.  Are you in?

Programs:

  • Bachelor of Science in Accounting
  • Bachelor of Science in Business Administration - Finance
  • 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.
  • We're now Non-Profit.

Programs:

  • Business Administration - Accounting (BS) (Online)
  • Business Administration - Finance (BS) (Online)
Get the hands-on training and skills it takes to succeed with Ashworth College, a respected, worldwide leader in distance education. Study at the times and places most convenient for you.

Programs:

  • Payroll Clerk
  • Looking for an Online Business Degree Program That May Improve Your Career Options?
  • EarnMyDegree.com Can Help You Match Your Educational Goals With Your Desired Career.
  • Whether You Are Looking to Earn a Degree Online, or Study at a Nearby Campus, This Is The Place to Connect With a College That May Be Ideal for You.
  • Browse Through Our List Of Online Colleges and Traditional Schools to Determine Potential Places to Earn a Degree NOW!

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