What is outsourcing financial services?
Financial outsourcing or accounting outsourcing simply means that you use a service provider to deal with financial processes and reporting that would traditionally be dealt with by an in-house team – usually a Finance Director and accountants.
Harnessing technology to empower business owners
With the rise of finance apps, the opportunity to outsource financial services is an attractive prospect for any savvy business owner. Companies can better understand their numbers, save money on in-house finance teams and arm their decision-makers with better financial insight in real-time.
At Empowered by Cloud, we use Xero, a cloud-based accounting software platform that can help you automate processes like invoicing and payroll, store financial records, access important data on the move and monitor your cash flow.
What advantages are there to outsourcing financial operations?
By outsourcing your finance function, accounting processes and management accounts to us, there’s potential to improve business performance and create new levels of efficiency across your organisation.