Companies that outsource accounting can increase profits and gain greater financial insight, according to a new survey from Bill.com and CPA.com. Plus, accounting firms that offer outsourced accounting win more referrals from their clients.
How do we know this?
The 2018 Client Accounting Services (CAS) Survey analyzed the responses of more than 1,700 companies to determine their opinion of outsourced accounting. Whether it's CAS, business process outsourcing (BPO), or client accounting advisory services (CAAS), the survey discovered that CAS clients acquire:
more time to focus on their companies
a better understanding of their financials
And in return, accounting firms create stronger partnerships with their clients – one that emphasizes insight, expertise, and strategy over transactional tasks.
If you’re an accounting firm that is considering offering CAS, you need to pay attention to these survey results.
But don’t take our word for it—check out our infographic below!