Transaction-based pricing as the next big paradigm shift

The traditional FTE-based pricing model has been the gold standard in the outsourcing industry.  It is by far the most commonly used model since it is less complex. FTE-based pricing offers you the advantages of easy implementation, tracking and benchmarking. But the question that arises is is it going to stay that way forever? With increased buyer-sophistication and high competition, the …

Baselining before embarking on an Outsourcing Program

While there is a lot of content and guides on how to outsource your finance and accounting, when to outsource, or what to outsource, one area that really needs attention is measurement of performance. In the process of transitioning the operational procedures of one of the leading real estate companies in the US, we were surprised to find how the …

6 questions to ask your prospective outsourcing partner

It is a known fact that Finance & Accounts processing outsourcing can give you tremendous cost benefits. However, a survey pointed out that the biggest reason some companies haven’t embraced this model yet is for fear of giving away a critical function of the organization to an outsider. Secondly, companies question how they can evaluate them for effectiveness. The best …

Growth of financial outsourcing

According to the latest report from KPMG (a global consultancy firm), the financial and accounting services outsourcing industry is going to be worth $5 billion by the year 2010. The entire knowledge process outsourcing industry is expected to be worth $10 billion to $17 billion by that year. There are different reasons for this huge growth in Financial and Accounting …

Outsourcing as a key to success!

If you are wondering how outsourcing financial services can help your organization remain competitive, then this article is for you. Every business has to increase productivity, reduce operational costs and save on time. For financial organizations, this is an even bigger challenge, as the competition is stiff in this particular market. But outsourcing those financial services (to countries like India) …