The Benefits Of Outsourcing Finance And Accounting

Flaherty’s time as finance minister may be over, but any successor faces PM oversight

Expanding the scope of outsourcing can multiply such benefits, some experts say. One simple example is accounts payable and receivables, says Jag Dalal, managing director of thought leadership at the International Association of Outsourcing Professionals (IAOP). If you outsource only one function, you limit your benefits. If you outsource both, you get a value beyond improving the transactional component because the outsourcer can see when cash comes in and goes out. That can help the company take best advantage of the cash on-hand and optimize internal processes. As companies look to leverage the power of their data, they are turning to outsourcers with greater expertise and technology resources than they have in-house.

An offer has been made, and hours and salary are being negotiated. The selectmen approved the three-year contract covering AFSCME union employees, guaranteeing an annual 2 percent salary increase. Chairman Whittaker questioned two seemingly conflicting sections: one where full-time is specified as 32.5 hours excluding meals and another where the selectmen are empowered to set hours at their discretion. Apparently, the Board of Selectmen does have flexibility to increase hours, although 32.5 hours is standard. The Selectmen continued the discussion of forming a search committee for a permanent town administrator with a job description reflecting changes proposed by the Government Study Committee.

Finance office a ‘chaotic mess’

Chinas current economic growth is within a reasonable range of 7 to 8 percent, the official Xinhua News Agency said today in a report posted on the State Councils website. The job market will not be significantly affected if growth does not fall below 7 percent, Xinhua said, citing unidentified analysts. China hasnt changed the official 7.5 percent expansion target for this year, Market News International reported today, citing government sources it didnt identify. The news office at the Ministry of Finance in Beijing didnt immediately respond to faxed questions on Lous remarks.

China Can Endure Growth Slowdown to 6.5%, Finance Chief Says

Investors Should Reset Ambitions on China

Many of the cabinet dominoes will fall around Flaherty, depending on whether he remains in politics, continues on as finance minister or is shuffled to a new portfolio. Despite his battle with a rare skin disease and potential to make significantly more money in the private sector, Flaherty has said he wants to stay on as finance minister until he balances the budget, something the government has vowed to do by the 2015 election campaign. Flaherty’s more than seven years on the job amid a global economic crisis make him one of the most important finance ministers of the last half century, say some political observers, but others argue his track record is lacklustre and marked by some unflattering financial legacies. Should the 63-year-old Flaherty leave federal politics, Harper would have a huge hole to fill in arguably his most important cabinet post.

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