In today’s highly competitive business environment, companies face increasing pressure to do more with less. It’s not enough anymore to just lower operating costs. Companies must also find ways to increase productivity, do higher quality work, and improve profitability. At the same time they’re being forced to operate with fewer and fewer resources.

Many companies have already discovered that one of the most effective ways to help overcome these challenges is to increase the efficiency and cost-effectiveness of the non-core, yet essential, finance and accounting processes that almost every business must contend with. These back-office functions are not only labor intensive, they are also often characterized by poorly trained or inexperienced entry-level staff, time-consuming and error-prone manual processing, and inadequate controls for ensuring compliance with increasingly complex and every-changing regulations and standards.

If you have concerns about how your internal finance and accounting operations might be affecting the efficiency and profitability of your company, you should talk to Cambridge. Through our proven, results-focused solutions, Cambridge can help overcome even your most pressing operational challenges and free you up to focus on what you do best: managing your business for success. We can help by:

• Reducing finance and accounting operational costs
• Staffing operations with highly educated and skilled professionals
• Delivering consistently higher quality performance levels
• Developing and applying metrics for compliance with standards and regulations
• Documenting processes, measuring performance, and ensuring continuous improvement

This is where Cambridge excels. As a strategic outsourcing partner, Cambridge has consistently reduced finance and accounting operations costs for our clients by as much as 30 percent. And by shifting the burden of day-to-day management of these processes to Cambridge, our client’s management team can focus its full attention on developing, managing, and deploying the company’s core competencies and strengths.

Companies that have chosen Cambridge as their outsourcing ally have also found that because we bring greater expertise and experience to the task, we can deliver greater efficiencies and savings and produce higher quality outcomes across the full range of finance and accounting operations:

Accounts Payable

• Vendor administration
• Invoice processing
• Employee expense administration
• Payment administration
• Issue resolution

Accounts Receivable

• Customer administration
• Order entry
• Cash application
• Receivables management and reporting
• Customer support

Fixed Assets Accounting

• Asset procurement
• Asset Capitalization
• Asset maintenance
• Depreciation
• Transfers
• Retirement
• GAAP analysis

Reconciliations

• Bank reconciliations
• Vendor account reconciliations
• Customer account reconciliations
• Inter-company reconciliations
• GAAP analysis

Reporting, Analysis, and Planning

• Reports for internal purposes
• Reports for external entities

Escrow Accounting

• Escrow account setup
• Escrow account monitoring
• Recording deposits
• Disbursements                                    
• Check returns and refunds
• Bank reconciliation
• Month end reporting

Collections

• First party collections
• Licensed 3^rd party collections

For more information on how your company can explore the wide range of business process outsourcing opportunities and advantages available from Cambridge, please contact us today.

Cambridge Finance and Accounting Services

We get you where you need to be.

return to top