Is outsourcing new? How proven is it?
Outsourcing began as a business strategy in the late 1980’s and became widely accepted in the subsequent decade. Outsourcing allows companies to allocate resources where they are most effective, while keeping overhead low.
Many companies use outsourcing to cut costs on new hires, recruiting, benefits packages and technology. Outsourcing is effective to support core teams internally, outsourced accounting support can free up business owners who have been acting as CFO to focus on strategic decisions to move the company forward, pivot or restructure.