Accounts Receivable Management Featured Article

Accounting, Business Systems Lead Priority Projects for Outsourcing over Next Year

November 26, 2013

A recent survey developed by Robert Half Management Resources, a provider of senior-level finance, accounting and business systems professionals, reveals that Accounting and Business Systems top the list of projects companies plan to outsource to financial consultants in the next 12 months.

General accounting and finance projects, which include areas such as forecasts and budgets, financial reporting, and mergers and acquisitions, were cited as the most popular projects likely to be outsourced to financial consultants and interim managers in the next 12 months, the survey said. Other key projects that were likely to outsource include business systems and performance upgrades.

Fifty-seven percent of CFOs who said they plan to bring in consultants expect them to be for finance and accounting projects. Forty-eight percent of CFOs plan to use project professionals for business systems and performance improvement. 

Other priority projects include taxation, risk, governance and compliance as well as finance optimization. Taxation is the priority for 42 percent while risk, governance and compliance were opted by 40 percent of the respondents. Finance optimization accounts for 36 percent of the responses.

The survey was based on the interviews conducted on 900 CFOs from a random sample of companies that work with financial consultants.

"CFOs are tapping consultants for projects such as finance optimization and process improvements, among others," said Paul McDonald, senior executive director with Robert Half, in a statement. "Interim managers are also being brought in for business systems and compliance initiatives as financial executives look to leverage data stored in their enterprise applications and keep pace with evolving regulations."

McDonald added, "Whether a company is looking to merge operations from a business acquisition or implement an enterprise resource planning system, financial consultants can fill the gap by managing a project from start to finish or serving in an interim capacity." 

Robert Half Management Resources supplies professionals to supplement companies' project and interim staffing needs. The company has more than 150 locations worldwide and offers assistance to hiring managers and consultants.




Edited by Cassandra Tucker

Article comments powered by Disqus

Related Accounts Receivable Management Articles

Corcentric Implements SaaS Accounts Payable Cloud-Based Automation Solution for Suburban Propane

Suburban Propane streamslines accounts receivable and payable processes with Corcentric solutions. [ Read More ]
04/23/2014

LiveVox Webinar to Help Mitigate TCPA Class Action Risk

LiveVox, a provider of cloud contact center solutions, revealed its plan to host a webinar on best practices in mitigating TCPA class action threats for contact centers. [ Read More ]
04/22/2014

Before You Reach Out to Customers, Ensure You Know the TCPA Rules

Every contact center today understands the "Telephone Consumer Protection Act," or TCPA. First introduced in 1991, the TCPA has been amended many times to keep up with technology, and has had a federal do-not-call registry added under its umbrella. The purpose of the TCPA was to curb telemarketing abuses and avoid transferring costs to consumers at a time when mobile phones typically included fees for incoming calls. [ Read More ]
04/17/2014

Paymentus Acquires Tele-Works, Inc.

Paymentus, a next-generation provider of unified, cloud-based billing and payment solutions, has acquired Tele-Works, Inc. (TWI). [ Read More ]
04/15/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!