The pandemic has changed the business ecosystem across the world posing unseen challenges shaking the best of fail-safe business models.
Companies are more focused on crisis management, staff reduction, steering to virtual work environment for business continuity. In such times hiring a talented accountant or having an inhouse team itself may be difficult. Hence companies small and big are turning towards accounts and finance outsourcing.
According to a study by Accountancy Age and Forrest Brown “2/3rds of accountancy firms (64%) in the UK are expecting to outsource core services in the future in order to keep a competitive edge in the industry”
As finance and accounting becomes more mature requiring more strategic and automated approach outsourcing and offshoring has become the way to go. Outsourcing helps firms gain capabilities and technicalities they never had or was once out-of-reach at a click of a button.
“The real power of outsourcing going forward is going to be that it increases an organization’s core capacity for change and growth. The business challenges over the next decade are going to be very different than anything we’ve seen so far and the companies that weave a powerful network of global partners through outsourcing will be the winners.” – Michael Corbett, Chairman of the IAOP
Firms can manage staff with easy upscale and downscale that comes with outsourcing thereby keeping check on organization spend. Outsourcing relives the organization of time and money spent on hiring and training the staff.
It is the most desired and a cost-effective way to improve the finance and accounting function. A dedicated Finance and account outsource partner will double the number crunching in half the time to give that business edge with valid data that help you visualize your next move.
Recent compliance changes in UK may have left companies with a jig-saw puzzle that they don’t have time to solve. This requires implementing new system and processes in place that is in line with the set compliance. With CnB Consulting, as your outsource partner can go through the daunting paper work and implement the necessitate system while the organization can concentrate on providing seamless service.
With an experienced Finance and Accounts Outsourcing partner, organizations can meet evolving business priorities and meet new expectations in these challenging times.
CnB Consulting is a global consulting company with 30+ years of experience in consulting, accounting, bookkeeping, & payroll services. We are serving happy customers in Dubai, US, India and now in UK. Ours is a distinguished team of 40 qualified consultants. Integrity and security of critical data is in the DNA of our operations. We are the first choice for many of global clients when it comes to financial services.
So, get in touch with us to avail our services.
Contact us:
Email: info@cnbconsulting.co.uk
Phone: +44 20 4538 2319
Visit our website: www.cnbconsulting.co.uk