Outsourcing Finance Functions

Outsourcing Finance Functions: Key Points You Need to Consider

If you manage significant volume of invoices, outsourcing some of all your AP function may make sense. Learn the eight questions you should ask to determine if the benefits outweigh the risks. Outsourcing any part of your AP process requires long-term thinking. Crucial, but often overlooked questions include:

• Would we have good visibility into the process that is outsourced even though it’s being handled off-site?
• Will we be able to hold the third party accountable?
• What would happen if the provider decides to get into a different business or is acquired and its focus changes?