The Benefits Of Outsourcing Finance And Accounting

Finance Latest News: Icahn Sweetens Bid for Dell by Adding Warrants

They are looking to move from relatively basic transactional processes, such as accounts payable to more strategic functions, like budgets, forecasts and internal audits, Thomas says. More than a third of respondents had outsourced internal auditing, which is a high-level function. Simplifying and standardizing F&A processes is a key characteristic of well-run companies, and by instilling good F&A processes these companies can achieve a variety of good outcomessuch as more information, more service and more cash. By simplifying their F&A processes, companies have found they can reduce the cycle it takes to close books, and they can develop better benchmark and baseline financial processes to help them meet regulatory requirements. Expanding the scope of outsourcing can multiply such benefits, some experts say. One simple example is accounts payable and receivables, says Jag Dalal, managing director of thought leadership at the International Association of Outsourcing Professionals (IAOP).

2013: The Tipping Point For Integrated Risk And Finance?


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Google Finance brings more exchanges into the fold

I believe 2013 is a tipping point that will see the most forward thinking financial institutions start their journey tointegrate their risk and finance functions for the following reasons: The pressure tomanage and foresee riskhas never been greater from within and outside an organization. Since the credit crisis in 2007/08, firms have retrenched to understand the short falls and make changes to policy, culture, and process to adapt to the new market dynamics. Thus, in the way that we use Google Google to search for information and get a response on demand, we need a similar ability with risk and finance data if we are to respond to regulation, meet customer needs, and defeat the competition. Download this eBook: Optimizing Risk and Finance in Banking for additional information. We have the ability to meet this need. Implementation capabilities and intellectual property combined with advances in technology, especiallyin-memory technologyandcloud computing, mean that previous IT models predicated on compute intensive, data center-reliant risk modeling are now a thing of the past.

Google Finance today grows a bit fatter, adding even more of those exchanges to its reporting. Greg Pennington, Product Manager for Google Finance announces “we want you to have the worlds financial data at your fingertips. Weve launched five new exchanges on Google Finance”. New markets included in this latest update are: BM&F Bovespa (Brazil): AmBev, Petrobas, Indice Bovespa Borsa Istanbul (Turkey): Turkcell, Is Bankas The Stock Exchange of Thailand: PTT, Siam Bank SIX Swiss Exchange: Nestle, Novartis, Swiss Market Index Wiener Borse (Austria): OMV, Voestalpine Google Finance now contains a large list of exchanges, mutual funds, indexes and even currencies. How your money gets invested, and if it gains or loses, will be all on you and Google.


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