# Finance Outsourcing

> How SMBs Can Benefit from Outsourcing non-core Finance Functions

Source: https://valuexpa.com/publication/finance-outsourcing
Publisher: ValueXPA (https://valuexpa.com)

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## Executive summary

How SMBs Can Benefit from Outsourcing non-core Finance Functions Finance Outsourcing

An Overview of the Outsourcing and Shared services industry Significant Global trends have been shaping today’s workforce in recent times and have disrupted the way businesses function. Business leaders are required to become creative in how they solve such workforce related challenges in order to build the most optimal workforce ecosystem. Trends like the Great Resignation have led to businesses and its leadership scrambling to identify the best solutions in order to ensure business continuity and to manage risks while ensuring that the best possible support is available as well as optimize Finance function’s costs. Globally, there has been an increase in the usage of Outsourced Finance Partners.

## Key findings

- Intercompany transactions now represent a big share of the global economy—around 80% of global trade. The exponential increase in these transactions has increased complexity and risk especially with rapidly changing regulations
- They can make you understand how the standard specifically relates to your business and contracts
- Meet all the ASC606/ IFRS 15 compliance requirements
- determine the appropriate timing for revenue recognition
- use prescribed methods for significant estimates and judgments at contract inception and going forward

## Who this is for

This report is for CFOs and finance leaders, CEOs and founders, mid-market business leaders, and manufacturing executives.

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ValueXPA runs a fixed-scope Margin Drift Diagnostic that validates every service vendor invoice against contract terms, for $100M+ US industrial manufacturers and distributors. Two to four weeks. The client retains 100% of recoveries. https://valuexpa.com/contact-us