Finance and Accounting Outsourcing
Why outsource your finance department?
Finance and accounting outsourcing is a growing trend among middle market and high-growth companies, providing a cost-effective way for organizations to improve the finance and accounting function. The key benefits of outsourcing include fractional use of finance and accounting professionals, enhanced processes and technologies, and stronger compliance measures.
Outsourcing enables organizations to scale resources up and down as needed with no obligation to pay salaries or benefit costs. Additionally, it alleviates the burden of hiring, training and maintaining accounting staff.
Organizations can take advantage of advanced technology platforms to gain real-time visibility into their businesses.
For more about why organizations like yours are outsourcing their finance department, read our whitepaper: The value of finance and accounting outsourcing compared to insourcing.
Manage your business better with Finance and Accounting Outsourcing
If you're considering outsourcing your finance and accounting function, choosing the right strategic partner is critical. Watch our video to learn how we can help you eliminate problems associated with staffing and turnover and slow monthly closes.
FAO Technology Demo
RSM's Finance and Accounting Outsourcing (FAO) services
Our FAO services help clients leverage today’s technology to automate and integrate their transaction workflow – leaving them free to concentrate on growing their business rather than back-office operations. These services are integrated, flexible and affordable and leverage industry-leading technology. Clients also benefit from working with responsive FAO team members who are experienced accounting professionals.
Using a collaborative approach, FAO delivers:
Integrated, seamless services
Clients have access to a suite of services that leverage leading technical accounting, tax and technology platforms that are tailored to meet the client’s unique needs. Services include:
- Transaction processing ― We help clients simplify their back-office operations in the areas of purchasing, sales and employee expense reports – i.e., procure to pay and order to cash
- Financial reporting ―Custom dashboards track KPI information, and flexible financial and operational reports allowing a client to quickly understand what’s happening with their business in real-time
- Month-end close ― Clients are able to close their financial reports on time , confirm balance sheets are reconciled, required month-end entries are posted and all other back-office tasks are completed accurately
- Financial planning and analysis ― RSM US professionals can assist with budgeting and forecasting, oversight of internal controls and more
Our FAO technology is scalable, accessible through the cloud and provides real-time, automated reporting. Platforms are regularly enhanced without affecting functionality, and as improved technology becomes available, our team monitors development and enhances platform offerings as appropriate. Typically, clients find they enjoy lower IT costs and enhanced system reliability as a result of using our FAO services.
Proven methodology for a smooth transition of business processes
Using a phased approach and ongoing two-way communication, the transition to our FAO services also includes a dedicated team and project manager, a detailed implementation plan and post-transition assistance, including end-user training, custom user documentation and go-live support.
Not sure if our Finance and Accounting Outsourcing services are right for you? Take a look at RSM’s Rapid Assessment tool.
We've helped organizations like yours improve operations and optimize their people, processes and technology to support growth. Watch our video to learn how our Rapid Assessment tool can help you improve business performance.
Why choose RSM?
Ranked the fifth-largest assurance, tax and business consulting provider in the U.S., RSM is comprised of:
- More than 70 offices in the U.S.
- More than 9,000 employees in the U.S.
We are a member of RSM International, one of the largest global networks of independent accounting, tax, and consulting firms, with access to more than 38,000 people in 120 countries. We provide global resources with a single point of contact.
RSM US has been delivering outstanding client service for over 80 years.
Our technology partners
RSM US works with these technology platforms to make your FAO services as seamless and easy to use as possible.