How CFOs Benefit by Outsourcing Bookkeeping Services

PUNE, India, October 19, 2022 /PRNewswire/ — IBN Technologies helps CFOs optimize their time and business results by offering the benefits of outsourcing accounting services and reporting from its global offshore delivery center.

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With hybrid working models, CFOs are finding it increasingly difficult to streamline day-to-day bookkeeping, finance and accounting. By outsourcing accounting services to companies like IBN Technologies, CFOs across regions benefit from:

  • easy access to specialized talent
  • Focus on strategic finance work
  • streamline processes
  • AND savings of up to 40% to 50% of their costs.

According to a Delloite CFO Signals™ survey for Q3 2022, 86% of CFOs said they expect their organization’s workplace model to be hybrid in 2023. With accounting services outsourcing, CFOs can easily manage accountants for reliable data while they themselves focus on analyzing and interpreting the results – adding value to any organization and everyone involved. At companies of all sizes, forward-thinking CFOs and finance leaders focus their teams’ attention on high-value work that provides deeper analysis and insights for proactive decision support. However, the non-value-added transactional tasks that absorb most of a finance department’s energy are impeding this transformation. A typical finance worker spends more than 75% of their time on repetitive, manual operations like tracking down invoices, balancing finances, and frantically putting out fires.

How IBN Technologies and its outsourced accounting services help CFOs be more productive while providing a huge cost advantage?

The challenge for CFOs is finding and retaining qualified employees. According to a recent study, more than 90% of employers struggle to fill vacancies with competent candidates, leading them to spend far more than necessary on employees who bring little direct benefit to the company. IBN Technologies, as part of its outsourcing accounting services, provides qualified, trusted people who consider transactional tasks as high-end work and pride themselves on achieving the highest levels of performance and offers solutions to these problems.

Finance departments that have been performing the same activities using the same methods for years can struggle to achieve productivity efficiencies. The fact that IBN Technologies has a much larger and skilled workforce with defined SOPs focused on efficiency and effectiveness benefits CFOs and client companies using the outsourcing accounting services. CFOs and organizations get the peace of mind that a small team of highly skilled advanced accountants is working on their projects when needed.

Organizations have a rare opportunity to outsource their control to industry best practices. CFOs can achieve significant financial and operational benefits by centralizing operations with an outsourced financial and accounting service provider and by aligning their organizations with the right balance of executive and non-executive staff. With the IBN Technologies team ready to take care of the basics, CFOs and finance teams get the time and energy they need to focus on key business growth initiatives by providing accounting services as well as others like payroll, AP/AR and more outsource.

Visit https://www.ibntech.com/bookkeeping-services/ and contact IBN Technologies for outsourced finance and accounting services.

About IBN Tech

IBN Technologies Limited is an outsourcing specialist company with clients The United Statesthe United Kingdomthe middle Eastand India. The quality of the IBN Tech processes is guaranteed by ISO 9001:2015, 27001:2013 and a CMMI-5 certification. In its 22+ years of existence, IBN has grown into a leading IT, KPO and BPO outsourcing specialist in the finance and accounting, CPAs, hedge funds and other alternative investments, banking, travel, human resources and retail sectors.

Contact details:

Pradip Gore
[email protected]
+1-844-644-8440

United States of America:
IBN TECH LLC
1314 E. Las Olas Blvd #1104, Fort Lauderdale, FL 33301

India: Global Delivery Center
IBN Technologies Limited
42, Electronic Cooperative
Estate Limited Satara Road, Parvati, PuneMaharashtra 411009

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Logo: https://mma.prnewswire.com/media/1919376/IBN_Logo.jpg

SOURCE IBN Technologies

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