Benefits of outsourcing accounting and payroll services
                     BENEFITS OF 
OUTSOURCING 
ACCOUNTING AND 
PAYROLL SERVICES
ACHIEVING A HIGH 
LEVEL OF ACCURACY
Outsourcing finance accounting services and 
outsourcing payroll processing services can 
be quite beneficial when it comes to 
generating accurate results that can be as 
high as 99.95%. This, in turn, ensures better 
management of back-office functions. 
Dedicated staff in BPOs handle accounting 
and payroll services smoothly and efficiently.
Source: www.invensis.net
COST-EFFECTIVE 
SERVICES
A major advantage associated with 
outsourced accounting services is the cost-
effectiveness of the services. A huge 
amount can be saved upon operational costs 
and channelized towards the funding of core 
business processes.
Source: www.invensis.net
FRAUD CHECK
Outsourcing payroll processing services to 
professional payroll outsourcing companies 
can in fact help control any possible fraud 
by staff within the organization. The service 
providers are accountable for every 
transaction processing as well as quality and 
accuracy control.
Source: www.invensis.net
DIRECT DEPOSIT THROUGH 
EFFICIENT PAYROLL 
PROCESSING
On-time payroll processing enables quick 
and efficient staff payment through direct 
deposits. This keeps the staff satisfied and 
productive leading to business 
augmentation.
Source: www.invensis.net
AVOIDING PENALTIES 
DURING TAX PROCESSING
Inappropriate payroll management could 
lead to inaccurate tax filing resulting in tax 
penalties. Outsourcing payroll processing 
services to professionals can save 
companies these hassles and ensure 
accurate payroll processing.
Source: www.invensis.net
REAPING BENEFITS WITH 
UP-TO-DATE TECHNOLOGY
The market is changing continuously due to 
technological advancement. Companies can 
avail such progressive technology through 
systematic outsourced accounting services.
Source: www.invensis.net
SAVING UP ON 
PROCESSING TIME
Accounting and payroll processing is time-
consuming and companies tend to lose 
focus on core competencies while trying to 
manage such a process. Therefore, 
outsourcing frees up time for further value-
added revenue-generating tasks.
Source: www.invensis.net
GAINING FROM THE 
ASSISTANCE OF EXPERTS
Outsourced financial services providers hire 
experienced professionals to perform 
accounting services and payroll processing 
services. These consultants can provide apt 
tips and timely advice pertaining to payroll 
services as companies expand and 
processes become more and more 
sophisticated.
Source: www.invensis.net
AVOIDING RECONCILIATION 
WORRIES RELATED TO 
FINANCIAL INSTITUTIONS
Bank reconciliations can be quite tedious 
and an ongoing process consuming a lot of 
effort and time in terms of keeping track of 
all the payments through the bank during 
the rolling out of paychecks. This can be 
avoided by delegating payroll services to 
experienced payroll outsourcing companies.
Source: www.invensis.net
STAYING INFORMED WITH 
UP-TO-DATE ACCOUNTING 
STATUS
All possible accounting and payroll-related 
information can be obtained regularly from 
professional service providers handling 
outsourced accounting services. Advanced 
software can help companies look at 
personalized reports that can save a lot of 
time while making important financial 
decisions.
Source: www.invensis.net