November 23, 2008
At what point is it advantageous to outsource my finance and accounting needs?
My company that sells industrial materials to the construction industry has steadily grown over the years. When I founded it in 1992 I never expected to see this much success. As I added employees, I also hired a specialist who deals with all of my accounting and financial needs. However, he is set to retire within the next year and I am thinking about f&a outsourcing. The amount of work has grown to where I would really need to hire more than one person to replace his expertise anyway and I think that by outsourcing my finance and accounting needs it will take my company into the next decade and beyond. Customer service outsourcing in general seems like a good option to help my company stay within its specialty without getting bogged down in the day-in, day-out work associated with running a business. I feel that this marks a new era with my company and I hope that my son will be able to follow in my footsteps.