What are the benefits of outsourcing back-office operations?
Three reasons why organizations outsource their back office operations include: 1) Increased Quality An investment in outsourced fiscal systems aligns job functions with highly-skilled team of professionals. This translates to increased quality in input and output of financial data; better systems; cross-trained staff; better supervision and review of operations; and access to sophisticated technology to improve work flow. Additionally, at BTQ, each client has contact with a team of financial problem solvers. In-house CFOs may have a limited professional network whereas outsource CFOs have many fiscal professionals within the same office who often face similar obstacles and challenges. This access to expertise allows strategic decision makers the ability to test and refine policies and practices with a supportive group of colleagues. 2) Improved Internal Controls Outsourced fiscal departments are capable of obtaining a higher quality of internal controls through segregations of duties,
