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Outsourcing non-strategic repetitive functions to a third-party has become a popular concept in today's business world. This allows internal resources to concentrate on core activities, while the external service provider manages back-office functions in a cost-effective and service-friendly manner. In this regard, they offer various services such as accounting, payroll, secretarial, recruitment of finance and audit professionals, receivables monitoring, and fixed assets/inventory verification. The aim is to provide a network of low-cost, flexible, and well-coordinated processes that increase efficiency and improve controls. The service provider establishes well-defined and documented process flows to standardize functional deliverables and benchmarks, while also setting information requirements and schedules. Skilled resources are deployed to meet quality standards, and clients are free to run their data integrity and quality assurance checks as standardized processes lend themselves to measurement.

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