Vizx Global Solutions

Finance Industry

Outsourcing financial services will shift some responsibilities from your team to expert workers at an affordable rate, reducing costs and boosting efficiency. This will allow your company to focus on its core business

Core solutions we outsource

Integrating technology into your business lowers operational costs and enhances overall business efficiency. As such, many businesses opt to outsource financial services given their benefits and we is ready to collaborate with you.

Bookkeeping:

We offer expert bookkeeping services for accurate recording and management of all your financial transactions. Our records comply with regulatory standards, giving you peace of mind and clarity in your financial reporting.

Accounts payable/receivable management:

For a healthy cash flow, we will handle your invoices and process payments to ensure timely payments and seamless cashflow management.

Payroll services:

Payroll management requires timeliness and accuracy to satisfy your employees. We offer payroll services including wage calculations, deductions and taxes in compliance with payroll regulations.

Tax accounting:

Our tax accounting services comply with the tax laws, maximizing deductions and reducing liabilities. We also customize tax planning, and filing services to match your business needs.

Why choose VIZX

Access to expertise

Our team comprises skilled finance professionals with years of experience in accounting, bookkeeping, tax and payroll and you will benefit from their proficiency.

Focus on the core business

Outsourcing finance services will free your internal team to focus on core business and strategic initiatives, allowing you to drive growth and innovation as we handle the financial complexities.

Risk Management

To safeguard your financial operations, we implements risk management practices including compliance with regulatory requirements, saving you losses from financial frauds and inaccuracies.

Cost Saving

Outsourcing your finance work to us will reduce your business overhead costs associated with hiring and training staff. Our efficient processes and economies of scale further translate to cost savings for your business.

More Finance Solutions we outsource

We Deliver.

Bookkeeping

Recording financial transactions
Maintaining general ledger
Bank reconciliations

Accounts Payable/Receivable

Invoice processing
Payment management
Collections

Payroll Processing

Salary calculations
Tax withholdings
Direct deposits
Year-end reporting (W-2s, 1099s)

Financial Reporting

Preparing financial statements
Management reporting
Budgeting and forecasting

Tax Preparation and Planning

Corporate tax returns
Tax compliance
Strategic tax planning

Financial Analysis

Profitability analysis
Cash flow management
Financial modeling

CFO Services

Strategic financial planning
Capital structure management
Investor relations

Treasury Management

Cash management
Investment strategies
Risk management

The process of outsourcing finance solutions

Assessing your current finance needs

Identifying which functions to outsource

Selecting a service provider, defining scope & SLAs

Ongoing monitoring and communication

Transitioning responsibilities

Implementing secure data transfer protocols

Finance Resource Center

Frequently Asked Questions

We understand that you might have some questions that you would like clarification. We are here to help.
What are the main benefits of outsourcing finance services?

Key benefits include cost savings, access to specialized expertise, improved accuracy, scalability, and the ability to focus on core business functions. It can also provide better financial insights and compliance.

How does finance outsourcing help reduce costs?

It eliminates the need for full-time finance staff, reduces technology investments, and minimizes training costs. You pay only for the services you need, which can be more cost-effective than maintaining an in-house team.

What finance functions are commonly outsourced?

Common outsourced functions include bookkeeping, payroll processing, accounts payable/receivable, financial reporting, tax preparation, and financial analysis. Some businesses also outsource CFO-level strategic services.

How can we ensure the security of our financial data when outsourcing?

Reputable providers use robust data encryption, secure access controls, and comply with standards like SOC 2. Ensure your contract includes data protection clauses and regularly audit the provider’s security measures.

What is the typical process for engaging a finance service provider?

The process usually involves assessing your needs, researching providers, requesting proposals, evaluating offers, negotiating contracts, establishing data transfer protocols, and implementing a transition plan.

How long does it typically take to transition to outsourced finance services?

The timeline varies based on the complexity of your finance functions and the scope of outsourcing. It can range from a few weeks for basic bookkeeping to several months for comprehensive finance outsourcing.

How can we measure the ROI of outsourcing finance services?

ROI can be measured by comparing costs before and after outsourcing, assessing improvements in reporting timeliness and accuracy, evaluating the quality of financial insights, and analyzing the impact on core business metrics.

Can outsourced finance services be customized to our specific industry or business model?

Yes, most providers offer customizable solutions. Look for a provider with experience in your industry who can tailor their services to your specific needs, reporting requirements, and growth plans.

How does finance outsourcing impact our existing in-house finance team?

It can allow your in-house team to focus on more strategic activities. In some cases, it may lead to restructuring. Clear communication and change management are crucial during the transition.

What level of control and oversight do we maintain when outsourcing finance functions?

You maintain ultimate control over your finances. The outsourcing provider acts on your instructions and provides regular reports. It’s important to establish clear oversight procedures and maintain open communication channels.

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Job Title:

Finance