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

LocateSmarter Reveals Features of New Online Skip Tracing Application

LocateSmarter, LLC, a new online batch skip tracing application has recently announced its patent-pending features. LocateSmarter is a subsidiary of CBE Companies, founded in 2012 as a Business-Process-as-a-Service (BPaaS) company. It works to improve efficiency of batch skip tracing by sending your records to several data providers at once-with LocateSmarter you can send your files to one centralized location and receive information from multiple sources. [ Read More ]
07/23/2014

Accelya's REVERA Next to Propel GoAir Even Higher

Airlines have to operate in very challenging environments, and as the airline industry evolves changing business models, constant pressure of industry and regulatory compliances call existing practices into question. GoAir, one of India's fastest growing airlines, thus decided to address the challenges of its revenue accounting process, and turned to Accelya for help. [ Read More ]
07/23/2014

EGS to Sell Part of Accounts Receivable Management to Platinum Equity

To increase focus on its core business segments and services, Expert Global Solutions (EGS) is selling certain segments of its Accounts Receivable Management (ARM) business to Platinum Equity, a Los Angeles-based private equity firm specializing in business operations. The dollar value of the transaction has not been disclosed yet. The sale of Transworld Systems, Inc. will include Transworld Systems, Education, Attorney Network, Healthcare Bad Debt, Government and U.S.-based Third Party Collecti… [ Read More ]
07/17/2014

e2b Teknologies Wins New Customer for its Anytime Collect Solution

e2b teknologies, publishers of Anytime Collect accounts receivable management software, has recently won a new customer for its Anytime Collect for automated QuickBooks accounts receivable management. The name of the company has not been disclosed. [ Read More ]
07/17/2014
FREE Accounts Receivable Management enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!


Weekly Live Demo
CaaS Small Center

Register Today!