Finance and Accounting Services (FAS) forming the back office of any organization are now outsourced to avail of accuracy, timely reports, and usable financial information and statistical data. These help to meet the legislative and regulatory reporting needs of managers and executives. Outsourcing of finance and accounting services enable business units to concentrate on the core practice areas at reduced costs. The following are taken care by companies in India - 1. Understand the relative efficiencies of key finance processes within industries and across major process groups. 2. Meet the technologies on the financial platforms. 3. See to the compliance of client’s process with the local statutory and regulatory requirements. 4. Hands on experience in every aspect of finance. 5. Highly skilled accounts personnel Finance and Accounting services include: General accounting Project accounting Accounts payable Fixed asset management Analysis and reporting Accounts receivable tracking and pursuit Transaction management Management financial analysis and reporting Tax consulting and compliance Risk management