Considering the recent surge in CEO deepfake attempts this year, the topic of protecting financial data in outsourcing is more important than ever before. For instance, recently a finance worker was tricked into authorizing a $25 million transfer by the deepfake of their CFO. Temano Shurland, a Deloitte Risk & Financial Advisory principal in finance

Inventory management outsourcing is the key to efficiency in business today. Companies are always trying to cut costs while keeping service levels high. Outsourcing logistics is a practical way to do this. A strong logistics partner helps businesses grow with advanced technology at low costs. According to Meteor Space, cutting stock outs and excess inventory

We live in a world that requires high standards. Many companies use outsourcing to lessen costs and save time. Outsourcing supports business growth and offers many advantages. Small business owners can maximize these benefits by understanding and handling possible challenges before outsourcing work. Outsourcing means hiring outside experts when your team lacks time or skills.

Outsourcing AP services improves cash flow and cuts workload for businesses. It saves time, cuts costs, and allows companies to emphasize growth.  According to Capactix, In 2023, the market valued AP outsourcing at USD 589.23 million and expects growth. By outsourcing accounts payable management, businesses can ensure timely payments. This approach also improves accuracy and

Using trade spend wisely can boost your revenue by 20 to 40%. It won’t happen overnight, but a trade promotion can quickly make a big difference in your earnings with the right strategies. Trade spending is actually controllable. With smart planning and action, your numbers rise and your business grows. Our latest blog post lists

AI is the key breakthrough in the food and beverage industry. Major enterprises, agriculturalists, and vintners are already reaping great benefits from its use. In the following blog post, you’ll learn real-life advancements in the industry due to AI such as: How Colgate-Palmolive’s behind-the-scenes strategy is helping improve its net spending. How Nestle is using

Financial reporting is how businesses share their financial details. Laws in many countries need it. Every business, big or small, must keep track of its finances for both inside and outside use. Add a stats Even though it can take time, financial reporting helps a company show its financial health to investors, lenders, and others.

Restaurant Inventory Management is important for success. It reduces waste and boosts profits by handling perishable food well. Restaurants often waste about 10% of their inventory. Automated systems can further reduce mistakes, saving time and costs. According to Food Waste, Last year, restaurants could have cut food waste by over 66%. Vegetables were the biggest

Businesses can choose between nearshoring vs. offshoring to outsource work. The McKinsey report about “Offshoring: Is It a Win-Win Game?” shows that Offshoring can reduce costs by 45-55%, and up to 65-70% with process improvements. It also highlights the wage gap: $60 per hour for a U.S. software developer vs. $6 per hour in India.

Thinking about outsourcing your accounting but think it’s only for big companies who know the ropes? Don’t worry—you can do it too, and here’s how! Due to a lack of subject knowledge in outsourcing, many companies avoid it thinking that it is either a. complicated or b. only applies to big organizations. However, outsourcing can