So, you’ve run into roadblocks or reached a critical juncture, and you need to decide whether to shore up your in-house team or outsource finance and accounting?
Let’s go over a few signs that can indicate outsourcing is your best bet.
Your Revenue Skyrocketed
Outsourcing can get you a skilled team in place quickly.
Your CEO or CFO is Dealing with Day-to-Day Finance & Accounting Issues
If high-level executives are getting pulled away from their strategic roles to deal with an in-house department, outsourcing will allow for greater focus.
You Need Better Financial Reporting
Do you know how much working capital your company has right now? What about how much cash is sitting in unpaid or unprocessed invoices? Are you current on all your bills? Get enhanced reporting that will answer all these questions and more through outsourcing.
You’re Still Doing a Lot of Manual Entry
If you aren’t using tech as much as possible, you’re spending more on labor than you need to and probably have books full of errors.
You’re Losing Things
Streamlined processes and digitization keep everything orderly and trackable.
Your Systems Don’t Talk to Each Other
A business process outsourcing company can take care of the heavy lifting and get all your systems talking to one another for a streamlined experience.
An Emergency or Unexpected Event Derailed Your Finance and Accounting Department
Outsourcing can include business continuity planning to ensure issues like natural disasters, pandemics, and manmade events don’t create operational issues or unnecessary downtime.
Is your business exhibiting any of these seven signs? As a leading BPO firm, DATAMARK has been helping large organizations, just like yours, address their greatest back-office business processes for more than three decades.