Now more than ever, businesses need to find ways to cut expenses to remain competitive.

One way they are doing it, say recent independent studies from Deloitte Research and Accenture Finance Solutions, is through outsourcing F&A processes. Both studies are currently highlighted on www.outsourcing-financial–services.com

It’s not just IT anymore. Deloitte’s study surveyed 27 of the largest global corporations, and found that 75% of these corporations plan to move back office tasks offshore in the next 24 months.

The Accenture study analyzed responses from over 250 corporate and industry leaders and found nearly the same results – 71% of corporate executives see demand for outsourcing accounting tasks to increase over the next 3 years. Cost is the number one reason cited for outsourcing, but there are equally important strategic initiatives associated with the movement.

It’s not just a trend. Today’s outsourcing firms are differentiating themselves by filling market niches rather than simply grabbing market share. There are a variety of value propositions available that make the concept more attractive. Some vendors focus on minimizing the cost while others focus on service and industry expertise. It’s not just the Fortune 500 anymore. Technology is enabling more and more data entry tasks to be accomplished remotely with relative ease so firms looking to outsource can do so very quickly and inexpensively.

The cost, speed and security are the same for 1 invoice as it is for 1,000,000. Outsourcing firms are tailoring solutions for small firms that can add big bucks to the bottom line. It’s a matter of competitive advantage on any level, but for small to mid range companies, it can make a serious impact.

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