“This white paper provides not only a comprehensive history of the field of FAO but gives real-world examples of how mid-size businesses can grow by outsourcing with a team as small as one offshore." David Lesniak, CEO of Personiv
AUSTIN, Texas (PRWEB) July 08, 2020
Personiv, an award-winning business process outsourcing (BPO) provider headquartered in Austin, Texas, recently published a white paper that updates the traditional understanding of finance and accounting outsourcing (FAO) in the context of modern hiring and productivity challenges. Building Lean Accounting Teams: How Organizations Can Achieve Optimal Efficiency Through Outsourcing seeks to understand the structural nature of these challenges and explores realistic strategies for circumventing them in four common scenarios, especially as the nation prepares to get back to work.
“This white paper provides not only a comprehensive history of the field of FAO but gives real-world examples of how mid-size businesses can grow by outsourcing with a team as small as one offshore,” David Lesniak, CEO of Personiv said. “This breakthrough in accounting strategy allows leaders such as CFOs and controllers to get out of the transactional weeds and finally have the time to focus on strategy and true organizational priorities.”
The paper draws on Personiv's 35-year history as a legacy partner in the BPO industry and as a growing top FAO provider of choice for organizations across industries and sizes. The core components of Building Lean Accounting Teams are extracted from that experience, providing relevant, modern examples of organizational challenges to employee retention in accounting departments, breakdowns of hiring model inefficiencies, a cost analysis that is rooted in real-world pricing models, and actionable ways to turn modern accounting challenges into growth opportunities – all designed to be easily applied by readers.
Among the key takeaways of the white paper are a look at how outsourcing fits into a workforce that is rapidly operating outside of traditional office spaces, what the advent of robotic process automation (RPA) means for the accountancy field, and how organizations must address high employee churn due in part to burnout. Taken together, each contributes to the need for organizations to change their approach to transactional finance and accounting tasks.
"The talent supply that feeds growth pipelines is changing shape in front of us, challenging us to grow and change, while the role of remote teams is opening up possibilities we’ve never-before seen,” Matt Wood, Personiv's VP of client services, said. “When financial leaders see a need for more time, better talent and higher efficiency, streamlining accounting through FAO is the logical next step. This white paper shows you how.”
To that end, this lengthy research-packed paper introduces the development of lean accounting teams as a viable and increasingly necessary supplement or complete model for organizations as they begin outlining the strategies they'll use to adapt to today's rapidly evolving business environment. The white paper is available here.
About Personiv: For more than three decades, Personiv has been the partner businesses trust to develop and implement customized outsourcing solutions for everything from customer experience and back office to finance and accounting and digital. Austin, Texas-based Personiv provides flexible, scalable people-powered solutions that deliver high-impact, high-quality results at half the cost. For more information, visit http://www.personiv.com.