9 Best Finance Outsourcing Firms To Boost Your Financial Efficiency

Outsourcing your financial services isn’t just a cost-cutting measure; it’s a smart move for driving financial efficiency and staying competitive. By handing over tasks like cash flow management, budgeting, and forecasting to experts, you free up your internal team to focus on what really matters—growing your business.

In this article, you’ll find a rundown of the top finance outsourcing companies that can help you streamline operations and boost your bottom line. These firms stand out for their expertise and the results they deliver.

If you’re serious about improving financial efficiency, our list will point you in the right direction.

6 Benefits of Finance Outsourcing

Before we get to the list, if you aren’t familiar with all the benefits of finance outsourcing, here they are.

1. Cost savings

Outsourcing firms often operate in regions with lower labor costs—such as Costa Rica, Mexico, or the Philippines. This means they can provide high-quality services at a fraction of the price it would cost you to maintain an in-house finance team.

Eliminating the need for in-house finance professionals not only reduces your costs for salaries, benefits, and training but also other overheads like office space and technology infrastructure. 

Plus, finance and accounting outsourcing providers often offer flexible pricing plans and service packages that allow you to pay only for what you need, when you need it, enhancing cost efficiency across your financial operations.

2. Access to expertise

Top finance outsourcing companies employ specialists with extensive expertise in various financial functions, from accounting and payroll to tax advisory and risk management. 

This access to a wide range of expert knowledge ensures that your financial tasks are handled accurately and in compliance with the latest regulations.

3. Scalability

Outsourcing offers incredible flexibility and scalability, allowing you to easily adjust the level of services according to current needs. 

During periods of growth or increased demand, outsourcing firms can quickly ramp up their services, ensuring that your financial operations continue to run smoothly without the delay of hiring and training new staff.

4. Focus on core activities

If you are a startup or smaller business without a finance or accounting department, when you no longer have to worry about managing finance and accounting tasks, you can redirect your focus and resources to your core activities and strategic initiatives. 

This shift enables you to enhance your competitive advantage and drive innovation, contributing to overall business growth and success.

5. Improved efficiency

Outsourcing firms serve multiple clients, allowing them to spread their costs across a larger base. This enables them to invest in advanced technologies, specialized staff, and streamlined processes that individual companies might find too expensive to maintain internally.

This increased efficiency can lead to faster turnaround times for financial reporting, enhanced data accuracy, and improved decision-making capabilities.

6. Risk management

Outsourcing financial services to specialized firms helps better manage financial risks. These firms stay up-to-date with regulatory changes and compliance requirements, ensuring that your business adheres to the latest laws and avoids costly penalties. 

Additionally, their expertise in risk assessment and management can further protect your company from financial irregularities and fraud.

Top 9 Finance Outsourcing Companies

This list highlights top firms that excel in providing financial outsourcing services, ranging from specialized accounting firms to full-service recruitment companies with a strong focus on sourcing accounting professionals. 

This list is not organized in any specific order. Each of these firms offers unique strengths and capabilities that can cater to a wide range of business needs.

1. Near

We understand that including ourselves at the top of this list might cause you to raise an eyebrow. But here at Near, we genuinely believe in the value and expertise we bring.

Our specialized recruitment services focus on sourcing top-tier finance and accounting professionals based in Latin America, ensuring that your financial operations are managed by skilled experts. But we don’t stop at finding talent. We also help with interviews, background checks, compliance, and even payroll.

We’ve proven ourselves in the field. We helped corporate finance and CFO advisory firm Vanreusel Ventures find a finance manager and a marketing manager, resulting in $161,000 in annual overhead savings. We’d love to bring that level of savings to you!

2. Auxis

Auxis is a consulting and outsourcing firm with over 25 years of experience recruiting from Latin America. It has been recognized as an IAOP Global Outsourcing 100 member since 2015.

Its finance and accounting outsourcing services include accounts payable, accounts receivable, general accounting, financial planning and analysis (FP&A), business intelligence, and process automation.

3. CFOshare

Fractional CFO firm CFOshare focuses on helping small to mid-sized businesses and startups in a variety of industries with their finances. Its team of specialized and full-time W-2 employees can handle all your financial needs at an hourly cost.

Its outsourced financial management and accounting services include bookkeeping and accounting, fractional CFO, strategic business forecasting, and business acquisition analysis.

4. Armanino

Armanino is a nationwide Certified B Corporation and an independent member of Moore North America. In 2024, it was recognized as an Accounting Today Top 100 Firm, Best of Accounting in Client Satisfaction, and a Real Leaders Top Impact Company.

Its strategic finance outsourcing solutions include cash management, financial analysis, operational expenses optimization, board support, proven insight, AI-enabled 13-week cash flow, and more.

5. Infosys BPM

With over 20 years of experience, Infosys Business Process Management (BPM) has amassed 14,000 F&A professionals worldwide. It was recently recognized as a leader in the 2024 Gartner Magic Quadrant for finance and accounting BPO.

Its solutions for finance and accounting include procure-to-pay, quote-to-cash, record-to-report, tax support, industry-specialized services, digital finance solutions, accounts payable on cloud (APOC), and more.

6. CliftonLarsonAllen (CLA)

CLA is an integrated wealth advisory, outsourcing, audit, tax, and consulting service with over 130 locations nationwide. It was named an Accounting Today and Inside Public Accounting Top 100 Firm in 2024.

Its outsourced finance and accounting services include payroll processing, sales tax compliance assistance, fund administration, global advisory, monthly reconciliations, transactional support, month-end close assistance, and more.

7. Escalon

Paolo Alto, California’s Escalon is a “back-office solutions” service provider specializing in FinOps, PeopleOps, and risk. They are a “one-stop shop for all your essential business services,” including CFO services, bookkeeping, payroll, insurance, and tax preparation.

8. EisnerAmper

EisnerAmper is a comprehensive audit, accounting and tax, advisory, and outsourcing service that specializes in helping large and private entities. It has been recognized by Inside Public Accounting, Accounting Today, and Best of Accounting.

Its outsourcing solutions in accounting and finance include the office of the CFO, business process automation, accounting and financial reporting, middle and back-office operations, internal controls and risk, and tax compliance and support.

9. Kreischer Miller

Greater Philadelphia accounting firm Kreischer Miller is an independent member of the BDO Alliance USA with almost 50 years of experience. It received awards in 2024 from Accounting Today, USA Today, and The Inquirer.

Its outsourced accounting and finance services include bank reconciliation, accounts receivable, accounts payable, credit cards, debt accounts, fixed assets, payroll matters, additional compliance matters, QuickBooks standard reports, and more.

Essential Finance and Forecasting Outsourcing Services

Before contacting one of the companies listed above, make sure you are clear on what finance and accounting functions you want to outsource. 

Here are some essential accounting, finance, and forecasting services that most top outsourcing firms offer:

• Budgeting and forecasting: Crafting realistic budgets and financial forecasts based on historical data and market trends, enabling you to plan effectively for future financial performance.
• FP&A: Analyzing financial data to support strategic decision-making.
• Cash flow management: Monitoring and optimizing cash inflows and outflows to maintain liquidity.
• Financial reporting: Preparing accurate and compliant financial statements, such as income statements, balance sheets, and cash flow statements.
• Variance analysis: Comparing actual financial performance to budgeted figures to identify deviations and their causes. 
• Cost-benefit analysis: Assessing the financial implications of business decisions by comparing the associated costs and benefits.
• Financial modeling: Creating mathematical models representing financial performance, projects, or investments.
• Scenario planning: Preparing for future events by analyzing possible outcomes and their financial implications.
• Revenue forecasting: Predicting future sales and revenue based on historical data, market conditions, and other variables. 
• Expense tracking and forecasting: Monitoring and predicting future expenses to maintain budgetary control and financial health.

Final Thoughts

Outsourcing your financial services is more than just a practical solution—it’s a strategic move that can redefine how you operate, compete, and grow. With the right partner, you can achieve cost savings, tap into top-tier expertise, and focus on what truly drives your business forward. 

Amid a sea of outsourcing firms, Near stands out by prioritizing your needs and offering a tailored approach. By hiring a finance professional from Latin America as an independent contractor, you get the cost savings of working with an outsourcing provider, along with the benefits that come with having someone work as part of your team. 

We provide comprehensive support throughout the hiring process and afterwards, making it easy for you to access top talent and achieve your financial goals.

Don’t miss the opportunity to boost your financial efficiency and long-term financial success. Book a free consultation call today.