FAQs

Outsourcing F & A operations allow your organization to focus on your core activities which are the largest creators of value for you. Outsourcing also allows you to achieve accuracy, efficiency, data safety, risk reduction etc. as you scale up and grow into newer markets and regions. Outsourcing also has strategic benefits.

That depends mainly on organizations and not FAO partners. Usually, established companies outsource their entire accounting task to their FAO partner/s.

Generally, most FAO partners/firms work from Monday to Friday or Monday to Saturday. However, most of them can support during weekends with sufficient advance notice.

Good FAO companies train their resources to work on multiple accounting platforms which are popular in the market. So, it is not necessary for the client to use any particular software in order to be able to outsource their F & A operations.

Most FAO partners/firms provide a demo session leveraging technology. Free trials are offered by some.

Typically, well established companies, large corporates, MNCs etc. benefit more from F & A outsourcing in comparison to startups and smaller organizations. There are no industry sector barriers to F & A outsourcing.

Good FAO partners ensure complete data safety and security with a slew of measures. These include comprehensive NDAs, technology adoption, rigorous SOPs and ensuring a culture of integrity among employees.

Technology advancements has made it possible to input data into the FAO partner’s system, in a hassle free manner, these days. So is the case with accessing reports. Good FAO partners ensure that they have the necessary software which helps clients in this regard.

Good FAO partners ensure complete data safety and security with a slew of measures. These include comprehensive NDAs, technology adoption, rigorous SOPs and ensuring a culture of integrity among employees.

Outsourcing is a strategic decision and therefore not made with a short term plan. Most FAO contracts are signed for an initial one year period, which gets extended subsequently depending upon the partner’s performance.