Finance & Accounting
Outsourcing (FAO)
The
Finance & Accounting Outsourcing (FAO) industry is undergoing tremendous
change driven primarily by customer demand from the CFO / Controller for
permanent general and administrative cost reduction. Whether a business is in
early stages of startup or has advanced to later stages of maturity, achieving
and sustaining success depends on its ability to focus on right priorities.
Reducing enterprise costs is the key focus of CFO / Controllers as they have
the ultimate responsibility of managing the assets of the company. The need for
CFOs to grow revenues while entering new markets and reducing revenue losses,
as well as a general maturing of the finance & accounting outsourcing FAO
marketplace, are driving a boom in the outsourcing of finance and accounting
business processes.
As
per HFS Research, Global BPO market in 2013 is expected to be $300 billion and
F&A piece is expected to be $25 billion. F&A is amongst the fastest
growing area in the BPO market. F&A BPO is expected to grow by 7.8% each
year.
What constitutes F&A
BPO services?
F&A
BPO services is contracting out of all or major part of the F&A process to
a third party service provider. It includes the following sub-components:
- Multi process F&A BPO.
- Procure-to-pay outsourcing (P2P).
- Order-to-cash outsourcing (O2C).
- Record-to-Report outsourcing (R2R).
- Source-to-Pay outsourcing (S2P).
Aria Global’ s FAO
Offering
Aria
Global Technologies, Inc. is a Fremont, CA based BPO service provider. Aria
specializes in providing companies with cost effective F&A outsourcing
solutions. Aria provides
finance and accounting outsourcing services to help clients reduce their
operational costs and to achieve a faster turn-around time. In our offshore
facility, we have qualified accounting and commerce professionals who work on
clients’ projects and present them with reports on regular basis.
Call
us today to discuss your F&A outsourcing needs.
