IMC Group

Advantages and Disadvantages of Shared Service Centres for Finance and Accounting

Companies from across the globe are now reaching to shared service centres to handle their finance and accounting functions. This is mainly because they are cost-efficient. In addition, they get professional service in return.

As per a survey, it has been found that more than 50% of the global companies have outsourced their finance and accounting functions to shared services centres. The reason for rising outsourced services can be attributed to the fact that companies want expert services to deal with regulation and compliance procedures of their businesses.

Finance and accounting outsourcing is beneficial in many ways. Here are some more benefits of outsourcing finance and accounting function.

In this article, you will learn about the advantages and challenges that a company faces when they outsource finance and accounting functions to shared service centres.

Let us begin by learning the advantages of finance and accounting shared service centres.

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Advantages of Finance and Accounting Shared Service Centres

The mentioned are few of the advantages of finance and accounting shared service centres. Let us now learn about the challenges the companies face while hiring their services.

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Challenges of Finance and Accounting Shared Service Centres

However, the above mentioned challenges can be overcome by selecting the right service provider. IMC Group is the leader in providing finance and accounting shared services to the clients. We have years of experience in serving various companies across the globe. We know how to overcome the challenges and offer cost-effective solutions to our clients.

We very well understand the problems faced by the companies when they move from accounting and taxation system of one country to another. IMC Group has the capability to converse with the local authorities of the countries and respond quickly to the areas which are important for the business. We not only maintain high compliance standards but also provide active monitoring of the upcoming regulation changes.

If you are looking for shared service centres for finance and accounting, you can contact us and know our quotes.

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