Solution
Finance & Accounting Outsourcing
Gain oversight, save resources, and reduce the workload with outsourced accounting services
Outsourced accounting services
Our proprietary technologies enable us to provide outsourced accounting services that will reduce your financial operations workload. This gives you space and time to focus on the bigger picture, work towards better liquidity, and digitally transform your financial operations.
A high degree of flexibility in engagement models is offered. Whatever shape your organisation’s finances take, our technologies and team of experts will bring your F&A operations to the next level.
Backed up by a suite of digital tools
A suite of platform-led digital tools leverage proprietary technology such as our renowned Procure to Pay (P2P), Order to Cash (O2C) and Exchange for Bills and Payments (XBP) solutions.
Cloud-based
TMS (integrated receivables), and ERIS (electronic asset reporting and management) are augmented by third-party solutions like Atalasoft, or Azure Cloud.
Adaptable customised plans
Whether an organisation deals with large volume fluctuations or smaller scale nuances, our services will help to optimise your financial operations.
Related Solutions for finance and accounting
Additional offerings optimise end-to-end financial operations. They enhance transactions, payments, collections, reporting, and more.
The Exchange for Bills and Payments – XBP
This smart platform handles all aspects of the exchange for bills and payments. It transforms processing and boosts transparency by automating transactions, tasks and workflows. Billers and payers can communicate and share documents via a specialised messaging tool.
Procure to Pay
This comprehensive solution optimses the entire procurement process. Offering smart scan-and-capture technology, and a supplier portal for electronic invoice submission it enables transparency over the supply chain and cash flow. Dynamic discounting opportunities open up and the risk of fraud is reduced.
Record to Report
This solution enhances productivity and makes use of your financial data. With the help of customisable rules-based BOTS, it becomes possible to automate tasks like data entry, reconciliation, and reporting. Organisations can identify trends, carry out detailed analysis. Results include improved efficiency, accuracy, and compliance.
Financial Planning and Analysis (FP&A)
This FP&A solution empowers organisations to strengthen their financial health by streamlining planning and budgeting. By leveraging historical financial data to extrapolate future sales and earnings, it provides valuable predictions and analytics to boost strategic decision-making.
ERP Data Consolidation
It can be costly and cumbersome to manage multiple ERPs. Unified ERP data is the answer. Reduce the complexity of your system landscapes and remove the inefficiency of data silos. This solution will standardise finance and accounting, creating one source of truth for functions such as Accounts Payable, Accounts Receivable, and Financial Reporting.
industry recognition
A unique suite of tools, years of expertise, and a proven track record.
Our solution is highly regarded in industry. Ranked consistently as a Major Contender on the Everest Group PEAK Matrix® Assessment.
Major Contender – Everest
Ranked as a Major Contender in Peak Matrix by Everest Group, an industry-leading consulting and research firm
Talk to our finance and accounting experts
faqs
What finance and accounting services does XBP Global offer?
Finance and Accounting Outsourcing (FAO) refers to delegating financial tasks to a trusted third-party provider to improve efficiency, reduce costs, and boost operational focus. At XBP Global, our FAO services include:
- Procure to Pay (P2P) Automation
- Order to Cash (O2C) Management
- Exchange for Bills and Payments (XBP) Services
- Financial Reporting and Analysis
- Cash Flow and Liquidity Management
- Electronic Asset Reporting (ERIS)
- Digital Billing and Receivables Management
These outsourcing solutions free your internal teams to focus on strategic priorities and more value added work.
What technology does XBP Global use to streamline financial processes?
Modern FAO requires the support of a robust technology stack. This ensures the delivery of faster, more accurate results, seamless operations, better insights, and cost efficiency. XBP Global uses a platform-led suite of proprietary digital tools to optimise financial operations, including:
- Proprietary Platforms: Procure to Pay (P2P), Order to Cash (O2C), and Exchange for Bills and Payments (XBP)
- Cloud-Based Systems: Microsoft Azure for secure, scalable operations
- Integrated Receivables (TMS): Real-time receivables management
- Electronic Asset Reporting (ERIS): Efficient asset tracking
- Third-Party Enhancements: Tools like Atalasoft for document management
Is my financial data secure with XBP Global’s outsourcing solution?
Data security is critical in any finance outsourcing relationship. A FAO solution should be designed with security at the core to reduce risks such as data breaches and fraud. At XBP Global , we guarantee your financial data stays protected through:
- Secure Cloud Hosting with Microsoft Azure
- End-to-End Encryption for data at rest and in transit
- Rigorous Compliance Standards aligned to global regulations
- Controlled Access Management to sensitive financial information
- Continuous Monitoring and Audits for cybersecurity assurance
How does XBP Global integrate with my existing financial systems?
Good finance and accounting outsourcing solutions will seamlessly integrate with existing ERP, CRM, and financial management systems. An adaptable platform will ensure smooth data flow and connectivity, minimising disruption. Some ingredients for smooth connectivity and minimal disruption to your current operations are:
- Custom Integrations with ERP, CRM, and financial platforms
- Open APIs and Connectors for easy data synchronisation
- Real-Time Data Access across systems
- Scalable Solutions that grow with your business needs
What is the process to start outsourcing my finance and accounting with XBP Global?
Starting out on your FAO journey is more simple than you might think. It begins with a consultation to understand your specific financial operations and challenges. A good vendor will design a customised engagement plan that aligns with your business needs and offer ongoing support and optimisation throughout the partnership. Here is a simplified overview of a FAO journey that is transparent and low risk.
- Consultation: Understand your needs, systems, and goals.
- Custom Plan Design: Build a tailored FAO strategy.
- Seamless Onboarding: Integrate with your existing platforms.
- Knowledge Transfer: Train and align teams.
- Go-Live and Optimisation: Launch services and continuously improve.
Can XBP Global customise solutions for my industry’s specific needs?
Absolutely, customisation is a cornerstone of successful FAO services. Even if you have complex financial workflows, the solution should be tailored to match your industry-specific requirements. This will ensure optimal performance and better financial oversight. A provider’s solutions should fit your business – not the other way around. Look for the following:
- Flexible Service Models: Adaptable to volume fluctuations and complexity
- Industry-Specific Workflows: Tailored to unique sector demands
- Custom Reporting: Built to match KPIs and audit needs
- Expert Consultations: Guidance based on your industry best practices
How does XBP Global ensure compliance with financial regulations?
A strong compliance framework is crucial in today’s finance environment. This should be supported by proprietary technology and industry best practices. The following supports will help you stay audit-ready and compliant at all times.
- Automated Audit Trails for full transaction transparency
- Secure Digital Signatures and document handling
- Real-Time Reporting for easier regulatory filings
- Periodic Compliance Reviews with industry experts
- Global Standards Alignment: GDPR, SOX, ISO certifications
What industries does XBP Global serve with its FAO solutions?
XBP Global serves a broad range of industries with its Finance and Accounting Outsourcing services, including public sector organisations, financial services, and healthcare. Our flexible platform and deep industry expertise make it easy to adapt to sector-specific financial and operational requirements.