Tips Before Outsourcing Your Accounting Service To China
In China, as elsewhere, large and small companies outsource their accounting work, or even their entire Finance and Accounting (F&A) departments. The reasons are many, and given the fact that accounting outsourcing has developed in a global multi billion industry shows that it makes sense. But there are also risks. How can we manage these risks in China and what needs to be done before one of your most important work is being outsourced in the largest country of the world? Needless to say, your finance and accounting work is of uttermost importance. If the F&A department is failing, it is very likely the entire company will go belly up. Nevertheless, multinationals, large SMEs and the pizza shop around the corner all are outsourcing their finance and / or accounting work. There are many reasons why a company wants to outsource its accounting job. Lower costs, faster processes, better technology or optimized workflows are all valid arguments for the c-level management