Financial outsourcing includes:
1. Contents of financial outsourcing: Accounts receivable
Accounts receivable are very important to the financial management of enterprises, especially commercial circulating enterprises. If a large number of arrears occur due to poor management, it will cause adverse consequences such as financial shortage and bad debt loss, and even shake the financial foundation of the company seriously.
2. Content of financial outsourcing: Tax outsourcing
At present, domestic enterprises are highly dependent on the government in taxation, and the domestic tax system is very complicated, which requires high compliance. Once they violate the rules, they will pay high costs.
3. Contents of financial outsourcing: travel expenses and entertainment expenses
For enterprises, travel expenses and entertainment expenses are not small problems, and often account for a considerable proportion of expenses. Moreover, the control of these two kinds of expenses is more complicated and cumbersome, and enterprises are often beyond their reach, which is a lot of violations. In order to manage it well, a large number of professionals and a very specific and detailed system are needed.
4. Contents of financial outsourcing: Financial reports
Enterprises in China need to be supervised by many competent departments or market supervision departments in the process of operation and management. The main form of supervision is to review financial reports, and companies also need to provide financial reports to various types of stakeholders.
5. content of financial outsourcing: employee salary outsourcing
this can solve the problem of employee salary confidentiality well. All the information is in the service provider's place, and employees in the enterprise can't inquire about it.
Attention to financial outsourcing
The production of any product or service involves a series of activities, and the core business needs the support of other non-core businesses. If the functions to be outsourced play an important role in core competitiveness and core control and form part of long-term strategy, it is not appropriate to implement outsourcing strategy for short-term goals. In other words, when deciding whether to outsource, we should not overemphasize short-term benefits.
when making a decision on outsourcing management functions, we must be clear about the benefits and potential risks that the company can get from it. If enterprises take credit management as a core competence and profit growth point, then they can't carry out outsourcing rashly.
in other words, we can't simply and completely classify the management outsourcing decision as a cost control issue. In fact, factors such as strategy, cost, service quality, risk control, enterprise system and communication environment must all be considered comprehensively.