Skip to main content
search
Business Process OutsourcingFinance & Accounting

8 Common Mistakes in Finance and Accounting Outsourcing and How to Avoid Them

8 Common Mistakes in Finance and Accounting Outsourcing and How to Avoid Them

Why Finance and Accounting Outsourcing Matters Today

Transforming HR and Accounts Payable Processes in Banking with ARDEM's Solutions case study

In 2025, more than 74% of U.S.-based CFOs plan to increase their reliance on finance and accounting BPO services. The benefits are clear: lower overhead, improved compliance, better decision-making, and access to best-in-class finance talent.

Still, many businesses fall into traps that hinder success. Understanding these risks—and how to avoid them—ensures your finance BPO investment pays off. In this blog, you’ll learn eight common mistakes in finance and accounting outsourcing and how to avoid them.

8 Common Mistakes in Finance and Accounting Outsourcing

Top 8 Common Mistakes in Financial Planning Outsourcing infographic

1. Lack of Strategic Clarity

One of the most common outsourcing mistakes is not defining goals clearly. Vague expectations result in misaligned efforts and wasted resources.

How to avoid it: Develop a strategic outsourcing roadmap. Define goals like cost savings, real-time reporting, or improving cash flow. Align KPIs with those objectives. 

2. Choosing the Wrong Finance BPO Partner

Not all finance and accounting outsourcing companies offer the same level of service, technology, or industry expertise. So, one common mistake is choosing the wrong outsourcing services provider.

How to avoid it: Choose a provider with experience in accounts outsourcing services, deep domain expertise, and advanced business process automation solutions.

3. Ignoring Technology Capabilities

Outsourcing without automation is a missed opportunity. Many businesses fail to take advantage of AI, RPA, and cloud services.

How to avoid it: Partner with a provider that offers robotic process automation services, cloud services, and AI-powered automation. These tools eliminate manual tasks and improve turnaround.

4. Poor Transition Planning

A rushed or poorly planned transition can lead to confusion, delays, and compliance risks. 

How to avoid it: Work with a partner that offers structured onboarding for finance and accounting BPO transitions. Document workflows, access controls, and data handoff protocols clearly.

5. Underestimating Data Security

Financial data is sensitive. Many businesses don’t prioritize data security or compliance in the outsourcing process.

How to avoid it: Ensure your business process outsourcing solutions provider follows GDPR, SOX, and other compliance standards. Ask about encryption, access controls, and audit trails. 

6. Limited Automation in Accounts Payable

Manual invoice processing increases the risk of errors, fraud, and delays. 

How to avoid it: Use outsource invoice processing services that leverage automated invoice processing, 3-way matching, and RPA bots. This will ensure faster, more accurate AP workflows. 

7. No Real-Time Visibility

Some outsourcing services don’t provide visibility into real-time financial data. It leads to delays in strategic decision-making.

How to avoid it: Opt for cloud services and dashboards that offer real-time visibility into cash flow, vendor payments, and financial performance. 

8. Failure to Scale with Growth

As businesses grow, their finance and accounting outsourcing needs evolve. Some providers lack the scalability to keep up.

How to avoid it: Choose finance and accounting BPO services designed to scale. Ensure the provider can support multi-entity operations, global compliance, and high transaction volumes.

How ARDEM Solves These Finance Outsourcing Challenges

How ARDEM Prevents Outsourcing Mistakes & Maximizes Financial ROI infographic

At ARDEM, we don’t just provide finance BPO—we deliver intelligent, tech-enabled financial operations. Our approach combines 20+ years of domain expertise with the power of AI outsourcing, RPA, and cloud-based platforms.

Features of ARDEM’s Finance and Accounting Outsourcing Services 

1. End-to-End Procurement to Payment Solutions

From automated invoice processing and accounts payable outsourcing to treasury and reporting, ARDEM handles every step of the finance cycle. Our business process automation services eliminate manual tasks and ensure 99.99% accuracy. 

2. Automation and Real-Time Intelligence

Using robotic process automation services and smart workflows, ARDEM enables:

  • Same-day invoice processing
  • AI-powered fraud detection
  • Predictive analytics for cash flow
  • Real-time dashboards via our cloud platform
Improving Accounts Payable and Utility Bill Management for an American Stuffed Toy Retailer

Case Study: Improving Accounts Payable and Utility Bill Management for a Stuffed Toy Retailer

A leading retail company partnered with ARDEM to improve invoice approvals across 300+ store locations. By deploying automated invoice processing and cloud-based workflow automation, ARDEM reduced their AP cycle time from 12 days to 2.5 days.  This case study details how ARDEM assisted the company in enhancing their accounts payable and utility bill management processes, leading to simplified payments, improved supply chain operations, and uninterrupted services.

Read the full case study here.

Final Thought: Finance Outsourcing Done Right

Effective finance and accounting outsourcing can transform your back office into a strategic powerhouse—but only if done right. Avoiding these 8 common outsourcing mistakes will help your business extract maximum value from finance BPO. 

With ARDEM as your strategic outsourcing partner, you gain:

  • Expert finance and accounting BPO services
  • Proven track record in automated invoice processing
  • Industry-compliant cloud services
  • Secure, scalable solutions for growth

Contact ARDEM today to discover how our finance and accounting outsourcing services can help modernize your financial operations. 

"Thank you so so much! We appreciate you and the team so much!"

- World’s Most Widely Adopted ESG Data Platform