When it comes to running a business, Small and Medium Enterprises (SMEs) have to deal with a number of activities such as executing their core functions, dealing with clients, managing accounts, etc. However, all these can get taxing on the business operations in the long run. Additionally, startups face major financial issues in the initial hectic days and most of them cannot bear the expenses of another full term employee.
To help such businesses manage their routine workload, the best accounting outsourcing companies offer a lending hand with a comprehensive list of services. Accounts outsourcing involves hiring an external party to carry out activities such as rendering professional accounting services to clients within the time-limits, helping businesses to maintain their accounts database, etc. Different accounting firms offer different sets of services and have different agendas. Hence, one has to find the right company that offers the services the company needs and that reflects the vision of the organization.
List of Accounting Outsourcing Companies
Compromising while outsourcing services is not even the last thing any organization would want to do. Hence, here is a comprehensive US outsourcing companies list that you can check out.
1. OHI- OutsourcingHubIndia
OHI specializes in accounting outsourcing services and has successfully established remarkable credibility in a short span of time. Started in 2006, it has created a niche for itself in the outsourcing sector with its top-notch working systems, excellent infrastructure and ethical work practices. Their highly-trained and reasonably-priced staff can help ease the accounting jobs for small medium businesses which are already burdened with a range of business activities, both routine and otherwise.
OHI has deep process and sectoral expertise in real estate sector and has worked with 50+ North American real estate developers, REITs, asset management companies, investment trusts, and brokerages. OHI is a real estate accounting and property accounting specialist. They currently handle accounting, reporting and financial analysis processes of more than 75000 units across residential and commercial real estate. the team has rich experience in QuickBooks, Xero, MS Dynamics, AppFolio, Yardi, MRI, NetSuite, Timberline, OneSite(RealPage), Spectra among others.
They have served over 300 clients across USA, UK and Canada with clients between USD 10 million to USD 500 million in revenue. With a team of more than 100 experienced employees with qualifications like MBA, CA and Accountant Graduates, they ensure that the customers get the best experience. It is one of the largest outsourcing companies with an exceptional senior management team.
2. Genpact
Genpact is yet another company that has been pioneering in the field of outsourcing since 1997. With more than 800 clients worldwide, it has been providing quality services in areas such as accounting outsourcing and risk management. With the tagline ‘transformation happens here’, the firm has been striving to improve the revenues of clients with utmost sincerity. They have been fulfilling their purpose of making the world a better place for people through philanthropic projects like partnering with Bento, details of which can be checked out on their website.
3. KPMG
KPMG is a world-renowned entity that has its wings spread in 154 countries. It works with its clients closely so as to enable them to outsource their accounting tasks and in return helps them mitigate business risks and reduce operating costs. KPMG is known for retaining competent employees who render business with professional quality results.
4. Tata Consultancy Services BPO
Tata Consultancy Services BPO is a subsidiary of the TATA Group. Known for its exceptional use of technology, TCS BPO can be reckoned with expertise and proficiency. It combines outstanding analysis tools along with a highly skilled workforce which carries out activities in an accurate and time-bound manner.
5. WNS Global Services
WNS Global Services has its presence in several countries. With a task force of over 25,000 professionals, it boasts of a quality infrastructure that is designed to lend to its clients, cost-effective solutions. Their industry-focused outsourcing operations offer seamless services to businesses across the globe.
6. MindSpace Outsourcing Services Pvt. Ltd.
Mindspace Outsourcing is one of the most competent accounting outsourcing firms in USA that offers services like bookkeeping, payroll processing, tax return processing, accounting software migration and payment sheet updation among a few others. In addition to the USA, it serves countries like India, the United Kingdom, Ireland, Canada, Australia, UAE and New Zealand. Their team is ever ready to take up new projects and are adept in minimizing operational costs and providing consultancy.
7. Basis 365 Accounting
Basis 365 is a unique accounting outsourcing firm whose all services are online. They call themselves innovators and believe that innovation is better than creating mere accounting departments. Their services entail providing complete accounting services with daily, weekly and monthly reports and sales invoicing among several others. They see adversities as opportunities to grow and provide personalized reports and plans of action to the niches, which approach them. With experience of over two decades, the firm has been effective in maximizing the profits of its clients via various tools.
8. CapActix
With a client-oriented approach driven by serving with transparency and integrity, the firm is a leading accounting outsourcing company in the United States. It uses the most advanced tools and has established competency in tax preparation over the years. With the core values of people’s performance, integrity, intensity, loyalty, excellence and accountability, the organization believes in sharing the values of their clients’ companies to provide the best possible solutions.
Takeaway
Finance and accounting outsourcing companies have been easing the job of companies across the globe. More and more small and medium-sized enterprises are hiring outside firms to cater to their routine accounting jobs for the inherent advantages that outsourcing offers to its clients such as high accounting standards, reduced cost and access to quality tools and programs that can record and analyze data. For startups, these accounting outsourcing companies are no less than a boon, since the former can avail of quality accounting services along with financial analysis to cut down on losses at the early stage without having to hire a full-time permanent accountant. Therefore, be sure to get in touch with the best financial services outsourcing companies to avail more information about this topic.
