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Home » Finance Transformation » Finance & Accounting Outsourcing

Fast-Track Your Journey to a Modern Finance and Accounting Function with Auxis

In today’s macroeconomic climate, finance leaders face continued pressure to reduce costs, accelerate digital transformation, and improve productivity and agility… all while charting their organization’s strategic growth path and mitigating risks.   

To solve these challenges, forward-thinking CFOs turn to Auxis for finance and accounting outsourcing solutions that go beyond labor arbitrage – delivering the business knowledge and finance transformation experience to modernize their organization and accelerate their path to peak performance.   

Auxis’ end-to-end outsourced finance and accounting services provide the ideal combination of best-in-class talent, nearshore service delivery, and cutting-edge technology to transform your finance department into the true business partner your larger organization needs.  

We do more than keep the lights on. Our unique perspective as experienced advisors, former industry operators, and hands-on BPO providers delivers the strategic insights and best practices that are essential as CFOs increasingly look to optimize upstream F&A functions alongside routine tasks.    

We bring the knowledge and tools to strategically apply cutting-edge innovations like automation, AI, machine learning, and analytics to elevate cash forecasting models, decrease time and expense, catch fraud, reduce errors, and more. We also leverage emerging solutions like Open AI ChatGPT to continuously improve our finance and accounting services.  

Our proven migration methodology ensures your accounting services are transitioned with the highest-quality standards, including robust documentation that standardizes workflows. We implement stringent internal controls to make sure our teams operate safely, efficiently, and with audit readiness, including a robust SOX controls environment for public companies.  

Finally, we help you combat rising labor costs and hiring challenges in the U.S., without sacrificing performance. Located in top nearshore markets like Colombia and Costa Rica, our global delivery centers offer quick access to highly educated finance talent with outstanding English proficiency, time zone compatibility, and a long history of supporting U.S. companies.   

The finance department will always be responsible for back office tasks like paying vendors, billing customers, and closing the books on time. Outsourced finance and accounting with Auxis lets you focus on strategy and growth while we deliver peak performance in your back office.

66% of finance organizations are incorporating a hybrid operating model to make finance more agile and resilient.

Everest Group 2022 Global CFO Survey

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Why You Need a Modern Finance Department

Amid macroeconomic pressures and fast-changing business environments, CFOs face mounting pressure to shed their departments’ traditional transactional role and emerge as strategic partners to their business. Auxis CEO Raul Vega explains how to transform outdated operations into a modern finance department.

Auxis Finance and Accounting Outsourcing Services

From Purchase to Pay, to Order to Cash, to Record to Report processes, our finance and accounting outsourcing solution offers a full range of best-in-class services from teams trained on U.S. GAAP and IFRS accounting standards. We also maintain an Accounting Center of Excellence comprised of our best managers and CPAs to ensure the highest-quality back office operations. Some of our best-in-class outsourced services include: 

Accounts Payable

  • Vendor Master Maintenance
  • Invoice Processing
  • Vendor Inquiries
  • Three Way Match and Exception Handling
  • Travel & Expense (T&E) Administration
  • Vendor Reconciliations
  • AP Period-end Reporting & Closing Activities
  • Procurement Help Desk
  • PO & PR Administration
  • Accounts Receivable

  • Customer, Pricing, & Items Master Maintenance
  • Sales Order Processing
  • Billing & Collections
  • Cash Application
  • Deductions Management
  • Revenue Recognition
  • Reconciliations & Period Closing Process
  • General Accounting

  • Chart of Accounts Maintenance
  • Journal Entry Processing
  • Accruals & Allocations
  • Balance Sheet Account Reconciliations
  • Bank Reconciliations
  • Fixed Assets Management
  • Management & Financial Reporting
  • Payroll Accounting
  • Period Close Processing
  • Financial Statements Consolidations
  • Operational Audit Support
  • Accounting Process Documentation, Process Maps, & Risk and Control Matrices
  • FP&A

  • CAPEX & Project Accounting
  • Financial Reporting
  • Balance Sheet & P&L Variance Analysis
  • Business Intelligence

  • Operational Performance
  • Revenue Analysis
  • Collections Dashboards
  • Process Automation

  • Intelligent Data Capture
  • Robotics Process Automation
  • Workflow Automation 
  • Period-End Close Task List Automation
  • Automated Account Reconciliations
  • Collaboration & Knowledge Management
  • Automated Ticketing Solution for Vendor & Customer Inquiries
  • Accounts Payable

    Accounts Payable

  • Vendor Master Maintenance
  • Invoice Processing
  • Vendor Inquiries
  • Three Way Match and Exception Handling
  • Travel & Expense (T&E) Administration
  • Vendor Reconciliations
  • AP Period-end Reporting & Closing Activities
  • Procurement Help Desk
  • PO & PR Administration
  • Accounts Receivable

  • Customer, Pricing, & Items Master Maintenance
  • Sales Order Processing
  • Billing & Collections
  • Cash Application
  • Deductions Management
  • Revenue Recognition
  • Reconciliations & Period Closing Process
  • General Accounting

  • Chart of Accounts Maintenance
  • Journal Entry Processing
  • Accruals & Allocations
  • Balance Sheet Account Reconciliations
  • Bank Reconciliations
  • Fixed Assets Management
  • Management & Financial Reporting
  • Payroll Accounting
  • Period Close Processing
  • Financial Statements Consolidations
  • Operational Audit Support
  • Accounting Process Documentation, Process Maps, & Risk and Control Matrices
  • FP&A

  • CAPEX & Project Accounting
  • Financial Reporting
  • Balance Sheet & P&L Variance Analysis
  • Business Intelligence

  • Operational Performance
  • Revenue Analysis
  • Collections Dashboards
  • Process Automation

  • Intelligent Data Capture
  • Robotics Process Automation
  • Workflow Automation 
  • Period-End Close Task List Automation
  • Automated Account Reconciliations
  • Collaboration & Knowledge Management
  • Automated Ticketing Solution for Vendor & Customer Inquiries
  • Auxis Named a Major Contender

    PEAK Matrix® for Finance & Accounting Outsourcing (FAO) Services 2023 Assessment

    We Bring Cutting-Edge Technology to Help You Work Faster and Smarter

    At Auxis, we adapt to your current systems while suggesting additional best-in-class tools to drive higher levels of efficiency, automation, and real-time insights. That includes a full suite of process automation, AI, analytics, and productivity technology, such as: 

    Other critical digital solutions that Auxis works with include:

    Nearshore Pioneers, Located in the Top Destinations of Latin America

    With over 25 years of shared services experience in the region, Auxis’ BPO services are provided from Latin America’s top nearshore locations. Our customers receive critical advantages like time zone compatibility, strong cultural affinity, and proven, highly educated finance talent with exceptional English proficiency and familiarity of North American operations.

    Costa Rica

    Most mature shared services destination in the Americas, with over 350 multinationals providing business services from the country.

    Colombia

    Ranked #1 in Latin America for availability of skilled talent on the IMD World Talent Ranking and ranked #1 on the Offshore BPO Confidence Index.

    Supporting Hubs

    Our support hubs offer the best quality, technically skilled talent from top nearshoring destinations including Mexico, Argentina, and Guatemala, and use best practices, technology, and innovation to drive continuous process improvement.

    Trusted by Leading Organizations from Mid-Market to Enterprise

    Recognized for the last 8 years

    Featured Case Study

    Client Experiences

    The Auxis Difference

    Why Auxis is Different from Other Finance and Accounting Outsourcing Services

    Leveraging our extensive experience as advisors, BPO operators, and industry veterans for more than 25 years, we bring unmatched insights into the best practices and operational strategy for achieving breakthrough finance and accounting performance faster and more cost-effectively. With end-to-end process transformation capabilities and innovative technology solutions, we excel at modernizing your finance department so it becomes the true business partner your larger organization needs. 

    We are nearshore outsourcing pioneers, recognized annually on IAOP’s Outsourcing Global 100 list, and continue to stand out as one of the only market leaders with a robust nearshore model. Our global delivery platform in top Latin American hubs like Costa Rica and Colombia combines significant labor arbitrage with high-quality F&A talent, cultural alignment, outstanding English proficiency, and time zone compatibility – driving the real-time communication, collaboration, and critical-thinking skills essential to supporting activities across your value chain. 

    Our location in top nearshore markets ensures outsourcing doesn’t sacrifice performance, providing certified, highly educated resources trained to U.S. GAAP and IFRS accounting standards that can be difficult or expensive to hire at home. As organizations start to outsource more complex processes, our highly educated team of 200+ accounting professionals offer the knowledge, experience, and critical-thinking skills needed to successfully support more judgment-intensive activities. We also operate an Accounting Center of Excellence comprised of CPAs and top-performing managers focused on maintaining the highest-quality operations through continuous improvement and ongoing support. 

    We take a business-led approach to technology innovation in your finance and accounting department, strategically layering intelligent automation, machine learning, intelligent data capture, and more to support business goals. We also deliver best-in-class analytics tools that enable agile decision-making with real-time visibility into critical metrics like operating cash flow and financial close progress. 

    Your success is our success. We tailor our nearshore finance and accounting outsourcing services to match the unique requirements of your business and industry. Through our high-touch delivery model and flexible, results-driven approach, we become an extension of your team – optimizing processes, increasing operational visibility, boosting accuracy and compliance, and holding ourselves accountable for value realization. 

    With accounting fraud a global concern, we provide best practices and technology to help you strengthen your internal controls and ensure audit readiness, including robust SOX controls for public companies. Our proven migration methodology ensures activities are transitioned effectively with process improvements and controls in place. Benefit from our proven finance operating model that enforces segregation of duties, automated approvals, AI-infused automation for spotting red flags, and much more. 

    Ready to Accelerate your Journey to a Modern Finance Organization?

    We want to learn more about your organization and help you achieve your goals. 

    Not Ready for a Consultation? Check Out These Resources:

    The shortage of accountants is hitting crisis levels! Learn how CFOs combat this with nearshore outsourcing. Find top-tier talent today!

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    Want to fast track your journey to an optimized finance and accounting solution? Auxis can help.

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