Benefits and Problems of Outsourcing Services

Abstract

In the work “Benefits and Problems of Outsourcing Services” are reviewed the certain positive and negative sides of outsourcing company’s separate functions such as delegating legal services, financial and accounting services, human resources to other third parties. Special attention is paid to outsourcing financial and accounting services such as: withdrawal of receivables, Internal audit, tax reports, financial reports, moreover, transaction processing and cash flow management. It is mentioned that this kind of operations does not have strategical importance for the company and it is possible to outsource these services to other parties. The work gives positive and negative influence of outsourcing for each separate field. Based on the reviews the findings are made in regard the benefits of outsourcing and the problems it may cause. Keywords: Legal outsourcing, financial and accounting outsourcing, transaction processing and cash flow management.