Outsourcing Accounting Services: Is It Worth The Effort and Cost?
With the steady reinvigoration of the economy, outsourcing accounting services is growing and proving to be a popular business solution.
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March 10, 2023
Top 10 Trends in AP Outsourcing
We explore the top 10 trends in AP outsourcing and what they mean for businesses looking to improve their Accounts Payable processes.
February 23, 2023
Accounts Payable KPIs – How to Benchmark the AP Department
In this article, we’ll look at the best selection of key performance indicators to monitor in order to properly benchmark and optimize your Accounts Payable department.
December 27, 2022
Why Accounts Payable Matters – What Every CFO Needs to Know About AP
In this article, we’ll explain what Accounts Payable involves, and look at the challenges and risks associated with it.
December 5, 2022
AP Outsourcing or AP Automation: What is Better?
To decide between AP automation or AP outsourcing for your company, it is best to define your goals. In this article, we take a closer look.
December 2, 2021
How Much Money Does AP Automation Save?
Labor costs cause AP Automation to almost always have a negative ROI. Automation for the sake of automation rarely, if ever, yields results.
December 1, 2021
What are the Risks in Accounts Payable?
There's no one-size-fits-all answer to risks in accounts payable, but one of these can help you reduce risk, avoid financial consequences.
November 19, 2021
Accounts Payable Outsourcing Transition – Top 5 Mistakes Not to Make
Ken Johnson, SVP at IQ BackOffice, discusses mistakes he sees accounting departments make when outsourcing AP, and how doing it correctly leaves you with a leaner organization that can focus less on administrative work and more on growing the business.
October 31, 2020
Disappearing Walls – Restaurants Adapt Technology to Feed the Millennial Market
Restaurant owners need to carefully look at the third-party services and pick the one that best suits their restaurant and can deliver the most significant volume of daily orders. And they should consider innovative and collaborative accounting providers, such as IQ BackOffice, to partner with them.
October 29, 2020
Accounting Automation and Outsourcing – Top 5 Rookie Mistakes
Ken Johnson, IQ BackOffice, discusses mistakes he sees accounting departments make when outsourcing accounting functions to execute their strategic plan.
October 27, 2020
AP Invoice Processing – How Many Invoices Should an Accounts Payable Clerk Process?
AP Invoice Processing clerks have been benchmarked for decades. The common figure is that an AP clerk processes about 1,000 invoices per month.
October 11, 2020
Business Process Outsourcing, and a Closer Look at Accounts Payable
Business Process Outsourcing (or BPO) is simply hiring another company to perform a specific function instead of doing it yourself.
October 3, 2020
How Much Does Accounts Payable Automation Cost?
AP automation vendors charge based on the number of system users and/or a fee per invoice - somewhere between $1.25 and $2.00 per invoice.
October 1, 2020
What is an Accounts Payable Workflow?
A streamlined Accounts Payable workflow is essential for managing the consistency, accuracy and efficiency of each step in the process from start to finish.
May 5, 2020
Accounts Payable – An Underutilized Business Advantage
An efficient accounts payable process is critical to optimize working capital and measure operational efficiency for sound business decisions and planning.
May 1, 2020
Full Service Accounting Automation and Outsourcing for the Restaurant Industry
IQ BackOffice offers full service accounting outsourcing to restaurant and hospitality companies. Savings up to 68% - improved quality and internal controls
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March 10, 2018
What to Look for If You’re Considering Outsourcing Accounting
According to Debi Warren, CPA, CGMA, “adding bookkeeping and accounting resources can increase firm revenue and provide your clients with more options.” Accounting outsourcing, she writes, enables firms to offer a greater variety, and level, of expertise at a lower cost.
March 3, 2018
Leveraging the Power of CPAs and Accounting Outsourcing
According to Debi Warren, CPA, CGMA, “adding bookkeeping and accounting resources can increase firm revenue and provide your clients with more options.” Accounting outsourcing, she writes, enables firms to offer a greater variety, and level, of expertise at a lower cost.
March 2, 2018
Weighing the Pros and Cons of Outsourcing Accounting
Given how little time leaders of growing companies have, the thought of senior resources spending many working weeks each year just on their finances has many weighing the Pros and Cons of Outsourcing their accounting work.
March 1, 2018
