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

Accounting Firms Take Note: Five Trends to Hit the Industry

A new report has emerged that makes one thing clear: the accounting industry has about five clear trends about to hit. From the largest of corporate accounting ventures to the simplest, key industry trends are set to arrive and pose opportunity for those who pay attention, and hazard for those that don't. [ Read More ]
10/29/2014

Accounting Firm Receives $100,000 in Consulting through University Competition

The Harvard vs. MIT Case Competition takes place every year to pit graduate students and postdoctoral fellows against each other to solve a real-life business challenge. Students from both universities generate answers to problems that affect an actual business; this year's chosen business was the accounting firm, Cloudsource Accounting. [ Read More ]
10/29/2014

Clayco Selects DataServ to Automate, Streamline AP Process

Clayco Inc., a full-service real estate, architecture, engineering, design-build and construction firm, has selected DataServ for accounts payable (AP) automation. [ Read More ]
10/24/2014

MRI Software Partners with Hunter Warfield

MRI Software, a company that offers property management software solutions, recently announced that Hunter Warfield, a revenue recovery agency for the multifamily industry, has joined MRI Partner Connect program. Hunter Warfield is the first MRI Partner in the debt collections industry. Being the newest member of MRI Partner Connect program, Hunter Warfield will be able to offer MRI's products and solutions to its clients. [ Read More ]
10/21/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!