Outsourcing Benefits

By outsourcing your finance and accounting function to First Trust for whom this is a core competency and who would work to strict performance indicators, organisations would undoubtedly yield the sought-for operational performance improvements. First Trust provides customised finance and accounting business process financial outsourcing services to help our clients:

Optimise Management Focus

• Free-up management from administrative and regulatory tasks to concentrate on higher-level finance decision-making and other strategic corporate initiatives
• Organisation retain control and visibility in the outsourced process as pre-defined transaction authorisation vests with key management personnel

Significantly reduce operational cost

• Utilisation of established external infrastructure, without the upfront costs
• Typical annual savings of 20%-40% LESS than your current costs is expected when you partner with First Trust
• Replace current fixed cost structure with a variable cost arrangement which is directly linked to your business requirements

Access to best practices

• With First Trust on board, you would have at your disposal experienced executives to help you with your high-level planning and transactions
• You also would have the dedicated services of an experienced account manager to oversee your day-to-day back-office activities, and those of an experienced associate level person to record your transactions in a timely and efficient manner

Allows for an objective outsider's perspective

• Outsourcing to a third party like First Trust gives you the very checks and balances that can be difficult to achieve in-house
• Improved back-office performance through use of service management framework

Readily accessible information

• First Trust offers web-based accounting software solutions which allow transparency of information anytime, anywhere.
• First Trust offers a secured, permission-based document management and file sharing system which allows First Trust to store files and electronic copies of source documents and share these information securely and quickly with the client organization via the web. And with one dedicated web folder per client, information is secure and password-protected.

Data customisation

• Provision of strategic customised reports that would suit specific management requirements to make critical business generating decisions

 Quality Control

• First Trust works closely with management to comply with all your internal audit programs and to support the periodic compliance requirements of your external auditors

How can First Trust provides all of the above? We possess leverage, because our core business is provision of finance and accounting solutions and therefore we can standardise the process and build economies of scale.