| CENTER FOR OUTSOURCING |
Challenges in Today’s Markets |
Today’s markets change at a rapid pace. Companies are pressured to deliver increased business results while at the same time reducing cost and improving revenues in shorter periods of time. CEOs and CFOs are expected to meet these growth expectations and deliver increased shareholder value. This has resulted in many companies outsourcing their finance & accounting functions to benefit from the substantial cost efficiencies. |
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Well-run finance and accounting functions should operate effectively at a cost below 1% of the revenue. While world-class operations actually manage to run effectively at sub 0.5% rate, for many organizations this figure still lies substantially above the 1% limit. |
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One principal reason for this (increased financial reporting demands aside) is that financial departments spend too much time (39% on average) on non-value-adding transaction processing. In addition, outdated IT systems further delay processes by demanding significantly more time and management attention compared to the modern, specialized systems available today. |
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Added to those challenges are the increasing compliance requirements. International supervisory incentives such as the Sarbanes-Oxley Act on financial reporting requirements and the Basel II Accord on banking supervision and regulations add significant cost with specific and challenging demands for real-time disclosure. Many companies struggle to comply without entangling themselves in a significant process and systems complications. |
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| Amicorp’s Value |
Amicorp’s solutions enhance your processes, performance and cost savings. With its experience in the financial industry, Amicorp is a trusted partner for your company, providing high quality outsourcing of finance, accounting, bookkeeping & other financial services and simultaneously reducing your operational costs and your risks. |
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Through a cooperative shared-service system employed with top-class IT vendors, Amicorp offers you a platform of best practices and powerful alliances to optimize your business operations. |
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At Amicorp we are dedicated to consistently delivering upon our business agreements to full client satisfaction: |
- We improve continuously on operational efficiencies and quality of service
- Amicorp is committed to an innovative gain-sharing approach
- Amicorp provides flexible business solutions and contract structures that are based on a win-win for all parties involved
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| Returning to Focus |
Many businesses spend up to 80 percent of their resources managing back-office operations and only 20 percent on the development of strategy. Amicorp's outsourcing services can reverse this ratio. |
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Outsourcing the day-to-day care and management of financial accounting, investment portfolio administration and KYC within guidelines laid down by your firm allows you to focus on your core business operations and strategy. |
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Amicorp's BPO services give you the freedom to reduce resource investment into the day-to-day performance of process management tasks. Companies regain the ability to focus on their core business needs and strategic programs that generate revenue and ensure the success of their other business processes. |
