- Do you want to grow your business?
- Do you want to increase revenues and reduce costs?
- Do you want to enhance your use of capital?
We may have an accounting solution that is right for you; one that has worked for countless companies, is time-tested, and is proven to achieve results.
The solution is accounting outsourcing!
- What kind of help do you need?
From accounting to corporate tax, from treasury to corporate finance, from general business advisory to accounting services, we are armed to add value.
The effective and efficient use of manpower is a major element for achieving success. Company-after-company has come to the realization that investing in and maintaining large-scale in-house accounting departments may not make dollars and sense for rapidly growing companies. Relying upon an external organization to supply critical accounting support services will provide your company with access to a wealth of intellectual capital without the necessity of investing in infrastructure.
The bottom line: You concentrate on your core competency. We'll devote our energies and resources to providing your non-core functions--efficiently and cost effectively. We provide value-added accounting outsourcing services.
The Power of Partnership
Large organizations and small businesses, individuals with only an idea, Fortune 500 industrials and high-tech start-ups have turned to Rose Financial Services to help grow their businesses. Whether your need is accounting to tax or a line of credit to venture capital, accounting outsourcing is the answer. Today, virtually all of the Fortune 500 companies source non-core functions.
A Powerful Tool for Business Growth
Knowledge no longer has to be homegrown. It can be contracted for. Accounting outsourcing is a management tool for redefining and reenergizing the organization. It challenges companies to think beyond the vertically integrated organization in favor of a more flexible organization structured around core competencies and long-term outside relationships, in other words, the virtual enterprise. Helping create a new era of productivity, profitability, and competitive advantage, accounting outsourcing helps companies focus on their core business by assuming some or all of its non-core functions. Look at all the positive characteristics of accounting outsourcing:
- Accounting outsourcing leverages relationships instead of amassing resources.
- Accounting outsourcing delivers value instead of directing activities.
- Accounting outsourcing ensures results instead of assigning blame.
The Question is Not Whether to Outsource But What to Outsource
While you may agree that it makes sense to outsource, you now have to determine what functions to outsource. The Outsourcing Research Council suggests that you ask yourself these questions:
- If you were starting the company today, would you elect to perform this function internally?
- Are you so good at performing this activity that others would hire you to do it for them?
- Will tomorrow's CEO come from that skill set?
If you answered "no" to these questions, it's time to think about outsourcing. Accounting is a prime example.
No Need to Maintain Bench Strength
Typically, two types of shared services are outsourced: transactional services and professional services. Transactional services are repetitive and generic, i.e. administration, accounting, payroll, and benefits processing. Professional services, on the other hand, are knowledge-based, such as recruiting, financial reporting, or tax planning.
By dividing all business activities into four categories, you can identify those outsourcing opportunities offering the best long-term value and lowest-cost options:
Peripheral functions provide no competitive advantage and are not essential to the core business. These functions are easily outsourced and produce minimal risk. Supportive functions are essential, but not a core activity. Failure in this area would cause serious damage to the business. In this case, a manager's time and resources could be better spent on activities fundamental to the business, recruiting this expertise externally.
Strategic functions provide an actual or potential source of competitive advantage. One reason for outsourcing strategic functions is to achieve better value for strategic thinking and capabilities.
Core functions are the primary business' activity and should never be outsourced.
Accounting Outsourcing Pays
In weighing the benefits and costs associated with accounting outsourcing, you may want to consider the reasons companies commonly cite for outsourcing non-core functions and the benefits they expect to receive, as reported by The Outsourcing Institute:
Improve Company Focus--Accounting outsourcing allows the company to focus on its core activities while support services are assumed by an outside provider. It can enable an organization to accelerate its growth and success through expanded investment in areas offering the greatest competitive advantage.
Gain Access to World-Class Capabilities--Accounting outsourcing means specialization. Accounting outsourcing providers can bring worldwide, world-class capabilities. Just as their clients are outsourcing to improve their focus, vendors have honed their skills at providing the services in which they specialize; outsourcing is their core business.
Accelerate Reengineering Benefits--It allows a company to immediately realize the benefits of reengineering by outsourcing support functions to an organization than can immediately guarantee the improvements offered by reengineering. Share Risks--Accounting outsourcing providers make investments not on behalf of just one company, but on behalf of many clients and eliminate the necessity of investment by the company.
Free Resources for Other Purposes--Accounting outsourcing permits an organization to redirect its resources from non-core activities, or at least the staff slots they represent, onto greater value-adding activities.
Make Capital Funds Available--By outsourcing, the company reduces the need to invest capital funds in non-core functions, making capital funds more available for core functions. It can also improve certain financial ratios by eliminating the need to show return on equity from capital investments in non-core areas.
Reduce and Control Operating Costs--Access to the outside provider's lower cost structure, may result in greater economy of scale, and is one of the most compelling tactical reasons for outsourcing.
Resources Not Available Internally--Companies outsource because they do not have access to the required resources within the company and they don't want to build these resources from the ground up. A major reorganization may have divested the company of the resource, a subsidiary may have been spun off, etc. Similarly, rapid growth is a strong indicator that outsourcing may be right.
Function Difficult to Manage or Out of Control--Outsourcing cannot solve this problem and should not be asked to do so.