R2R Outsourcing – An End-to-End Solution

record to reportAs an end-to-end F&A process that includes both transaction-intensive (rules based) activities and judgment-intensive (cognitive) activities, Record-to-Report (R2R) represents a significant part of your business operations. Typically, it accounts for one third of the overall F&A function cost. Nearly 60% of R2R costs are comprised of transaction-intensive processes, which make outsourcing R2R a very attractive option, especially around reconciliations, journal entries, closing, consolidations and reporting.
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The Finance & Accounting Weekly Roundup: May 20th

weekly roundupFor Finance and Accounting leaders, CEOs and Presidents and other industry executives and experts – the following links are opportunities to stay current on and engage in F&A industry discussions on trends, best-practices and emerging service and delivery models.  The Sutherland Global Services F&A team provides this information as a complimentary service to our clients, followers and industry peers.

This week’s links are compiled by Dan McCue , Sutherland Global Services, Senior Vice President, and an F&A Outsourcing Expert. Enjoy and feel free to share with your groups, contacts and networks.
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B2B Ecommerce: Separating Myth From Reality

B2B ecommerceIn the first post of this series, I talked about how B2B ecommerce is a sleeping giant. According to a recent Forrester report, it’s expected to reach $559 billion by the end of this year – far ahead of B2C ecommerce, which is predicted to bring in only $252 billion. B2B ecommerce offers many benefits, including more sales and cross-selling opportunities, better customer relationships, bigger business insights and higher profits – all available more quickly and easily than ever before.

But in spite of these significant gains, companies aren’t capitalizing on the opportunity. Why is that? To be blunt, it’s all about misconceptions. There are a lot of myths that are preventing companies from diving in and reaping the rewards. Continue reading

Trends in P2P Outsourcing

outsourcingIn its February 2013 Market Report entitled Procure-to-Pay (P2P) Outsourcing – Unlocking Value from End-to-End Process Outsourcing, Everest Group makes it clear that P2P outsourcing is on the rise – and with good reason. Growing numbers of organizations in a range of industries are taking advantage of the end-to-end process that converges the F&A and procurement functions. Continue reading

The Finance & Accounting Weekly Roundup: May 13th

accounting weekly roundupFor Finance and Accounting leaders, CEOs and Presidents and other industry executives and experts – the following links are opportunities to stay current on and engage in F&A industry discussions on trends, best-practices and emerging service and delivery models.  The Sutherland Global Services F&A team provides this information as a complimentary service to our clients, followers and industry peers.

This week’s links are compiled by David Kaminski , Sutherland Global Services, Senior Vice President, and an F&A Outsourcing Expert. Enjoy and feel free to share with your groups, contacts and networks. Continue reading

Introducing Sutherland’s Global B2B Ecommerce Solution

B2B ecommerce solutionIn today’s global marketplace, B2B ecommerce transactions are fraught with complexity. B2B operations face specific challenges and priorities that are fundamentally different from a B2C environment. It stands to reason that B2B ecommerce operations require different payment options, reporting structures, expertise and organizational models to be successful.

Introducing a B2B ecommerce and payment processing solution from Sutherland. It benefits B2B companies in several significant ways: Continue reading

Barriers to B2B Ecommerce

B2B ecommerceThe revenue potential for B2B ecommerce is impressive. The benefits are numerous and include more sales and cross-selling opportunities, better customer relationships, bigger business insights, and, last but not least, more money in the bank – faster and easier than ever before. (And, let’s not forget more affordably and securely!)

With all of these opportunities to deliver more value to the customer and reduce costs, B2B companies simply aren’t jumping on the ecomm bandwagon. Why is that? The reasons vary from lack of agreement among stakeholders to technology and cost concerns. Continue reading

The Finance & Accounting Weekly Roundup: May 6th

accounting weekly roundupFor Finance and Accounting leaders, CEOs and Presidents and other industry executives and experts – the following links are opportunities to stay current on and engage in F&A industry discussions on trends, best-practices and emerging service and delivery models.  The Sutherland Global Services F&A team provides this information as a complimentary service to our clients, followers and industry peers.

This week’s links are compiled by David Kaminski , Sutherland Global Services, Senior Vice President, and an F&A Outsourcing Expert. Enjoy and feel free to share with your groups, contacts and networks. Continue reading

B2B Ecommerce– The Sleeping Giant

B2B ecommerceB2C ecommerce is ubiquitous. From everyday items like books and music to dream vacations and high-end appliances – you name it, it’s all available for sale online. In 2012, global B2C ecommerce grew 21% to over $1 trillion for the first time, according to new estimates by eMarketer. People love to shop online. It’s convenient, fast, secure and there’s no worry about finding parking.

But what about B2B ecommerce? You don’t hear much about it. Suppliers and manufacturers tend to stick to traditional print catalogs and in most cases, there is no online option. Continue reading

FAO Trends: Continued Cost+ Value Increase

Everest Group logoEverest Group recently released its Finance and Accounting Outsourcing (FAO) – Annual Report 2013: Increasing Market Maturity Driving Cost+ Value Proposition. Overall, the report points to positive gains in the market, which showed stable 10% growth in 2012, reaching US$4.3 billion.

One of the main threads Everest Group identifies is that many FAO trends from the past few years were also apparent in 2012, with most projected to continue into 2013. These trends point toward increased market maturity and a value proposition that continues to evolve and grow. Continue reading