As the very name suggests, financial outsourcing occurs when a company contracts with a third party provider for running of various types of accounting and finance-related functions. Partial or complete financial outsourcing is a trend that has become increasingly popular among small and large companies all across the world, as it is an effective way to reduce operational costs. Apart from this, financial outsourcing also helps managements in start-up companies to concentrate more on strategic decision-making, rather than running of daily routine operations. Accenture and Cap Gemini are two large global organisations that derive a large part of their revenue from financial outsourcing. Payroll services management and bill collections are two of the most common forms of financial outsourcing. Hide this