Benefits of Outsourcing

Outsourcing, or shared services, is simply a way of spreading the load. By delegating to the finance aspect of your operation to an agency like Charity Business allows you to focus on what you do best - while we do what we do best.

The main reason that charities are considering outsourcing in the present economic environment is costs savings.  Most charities can save between 30% to 70% on transaction processing costs along.  Other benefits include:

1. Better quality management information that allows Trustees and management to plan for the future, understand their current position and manage projects more effectively.
2. The freeing up of Trustee, management and staff time so that they can fulfil the main objectives of the charity without getting bogged down in financial matters.
3. The lowering of the administrative costs for the charity will attract further funding.
4. The responsibility for the timely processing; payment; invoicing of customers; delivery of management information and cover for staff on leave is borne by Charity Business.
5. The cost and inconvenience of recruitment of financial staff as the charity grows and of the upgrade of new systems is borne by Charity Business not the charity.

The main reasons for outsourcing and how it works are or go to our online outsourcing enquiry form or give us a call on 01793 554 204 to discuss how your charity can achieve these benefits.