When your company pursues a strategy of growth, how does the Finance department participate? If the growth strategy is based on a series of mergers or acquisitions, you will likely find yourself with legacy and fragmented accounting systems and disparate processes throughout the company. As a result, this may create trouble closing the books, paying employee expenses, providing reports on a timely basis or similar issues. This fragmented process approach will likely impede progress and not support your growing company.
To stay ahead of the competition, you need a platform and process for growth. Within Finance and Accounting (F&A) this can mean moving from a fragmented to a standardized model. This type of process change is hard to make quickly, and you may not have the skills, time, or available expertise to implement it in-house.
This may be an opportune time to consider F&A BPO as an alternative. At HP, we bring a collaborative approach to design the best solution to meet your unique needs. We work with your agenda and are committed to joint outcomes; we don't try to force you into a solution that does not fit. We also believe that there has to be a cultural alignment between firms from the formal governance structure to the day-to-day interactions between the organizations at all levels.
For more information, watch this video about how Smith & Nephew partnered with HP for F&A BPO Services.