Financial Outsourcing
Financial Outsourcing is developing rapidly in Western countries, a financial management model, where firms have the financial management process in certain matters or process outsourcing to external professional agencies and asks for the operation and implementation of a financial strategy for management. Financial Outsourcing Outsourcing forms can be classified according to their traditions and modern network of financial outsourcing financial outsourcing.
Traditional financial outsourcing is mainly the entire financial management activities according to the needs of enterprises broken down into several modules, such as general ledger accounting, accounts receivable management transactions, payroll accounting, fixed asset management, reporting systems, tax returns and other modules, these modules of Enterprise not good at management or does not have a comparative advantage to those who outsource parts of the area leads the industry standards of professional bodies. If the financial fund management outsourcing to banks and other financial institutions to manage, the debt collection companies to outsource accounts receivable management.
Financial Outsourcing is the use of modern network applications to provide financial services to Internet companies (such as ASP, that is, application service providers) to build a network platform for financial applications, through the form of a contract or agreement, businesses will be all or part of the financial system outsourcing to a service providers, by the service provider through the Internet web site on the franchise business alternative to the implementation of financial operational processes and financial information, production functions, while the analysis, decision-making functions of the unit still senior financial management officer in the execution, while service providers to ensure the quality of financial information and provide the necessary advice and guidance, a financial outsourcing. Financial Outsourcing is a network of modern network technology has become widespread, the development of traditional financial outsourcing advanced form of outsourcing of financial functions of the technology platform through the network logic of the formation of an organic link can also be achieved in this way the overall financial functions, outsourcing, and the efficiency of high.