There are 1 Companies in Edinburgh
that provide Finance & Accounting Outsourcing (FAO) Services!

Edinburgh is the home place of the telephone inventor Alexander Graham Bell, and the city is also known for the contribution to the steam engine improvement and logarithm inventions for modern computers. It plays a major role in the history of modern tech development, and what is more important - the city has a huge impact on the contemporary UK tech scene. 

In the past 20 years, the city has been awarded multiple times for its contribution to technology, out of which is important to highlight the “Most Attractive City for Tech Business” given by the European Business Magazine. The largest tech companies in Edinburgh are RockStar North and Skyscanner among others, which lead the local tech stage and recorded impressive results on the national and international levels. 

Related to Edinburgh’s tech scene impact on the local economy, digital businesses contributed with 1.14 bn pounds in 2018, according to the Tech Nation UK report. Based on the same source, there are over 34K people working for the tech sector in Edinburgh, and the numbers will continue to rise since the city is a growing tech hub with an attractive IT infrastructure and a friendly business environment. 

Another interesting fact about Edinburgh’s tech industry is the UK’s largest tech incubator -  CodeBase was born here. This makes the city an attractive place to search for newly created digital agencies with high potential, or other types of startups that promise to create innovative products and services.

Jobs. This is another subject where Edinburgh scores better than the national average. IT companies based in Edinburgh, generate annually almost 3K new tech jobs for young talents and tech professionals. This is 3 times more than what the country generates on average yearly, and this is also an indicator that points out how attractive Edinburgh really is for companies, at least. 

The top IT jobs in Edinburgh are software developers and data scientists. Almost 7% out of the entire workforce in Edinburgh are developers, and almost 4% are data scientists, which means that 1 in 10 people are highly capable IT professionals, but the density grows if we include other tech jobs. 

Education. There are two major centers that generate graduates and potential workers for local Edinburgh’s tech companies: Edinburgh University School of Informatics and The Discovery and Innovation Center. These two and combined with other universities and educational institutions released more than 100K tech specialists in the past 15 years. 

In addition to universities, there are also educational organizations that help to grow Scotland’s IT industry. CodeClan and The Data Lab are some of the best-known examples in the local IT community that have an important role in the IT industry’s development.  But there is more to it - big corporations that have offices here, also contribute to advanced tech education. Amazon and Microsoft have their own teaching centers that not only train, but also help specialists develop their skills in multiple IT fields.

If you liked this blog post about Edinburgh, and think that IT companies from this city can help you with your next digital project, discover all IT companies from Edinburgh on TechBehemoths

Finance & Accounting Outsourcing services involve partnering with specialized IT companies to delegate financial and accounting functions, allowing businesses to focus on their core competencies. These services encompass a range of offerings such as bookkeeping, payroll processing, tax preparation, and financial accounting providing comprehensive support for commercial development.

According to Grandview research, the global finance and accounting business process outsourcing market was valued at USD 56.42 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2030.

If you decide to team up with a specialized IT company for their Finance & Accounting Outsourcing needs, here’s a list of benefits you might be interested in:

• Cost Savings: Outsourcing financial functions eliminates the need for hiring and training in-house staff, reducing overhead costs and achieving operational efficiency.
• Expertise and Knowledge: Specialized IT companies provide access to a team of skilled professionals with extensive experience in financial management and accounting practices.
• Compliance and Accuracy: Outsourcing financial tasks ensures compliance with regulatory requirements and accounting standards, minimizing the risk of errors and penalties.
• Scalability and Flexibility: Finance & Accounting Outsourcing services can easily scale up or down based on business needs, adapting to changing requirements.
• Focus on Core Competencies: By delegating financial functions, businesses can allocate their time and resources to strategic initiatives, innovation, and business growth.

At the same time, it’s important to choose the right service provider for your needs and requirements. That’s why when choosing a Finance & Accounting Outsourcing provider for a project,  we recommend you to consider the following criteria:

• Industry Expertise: Look for providers with experience in serving businesses in your industry, as they will better understand your specific financial needs and regulatory requirements, taking a look at the year when the company was founded, or, the number of real customers can be a good starting point to track their expertise.
• Service Offerings: Assess the range of services offered by the provider to ensure they align with your organization's financial requirements, such as bookkeeping, tax preparation, financial analysis, or payroll processing.
• Security and Confidentiality: Verify that the provider has robust security measures in place to safeguard your financial data and ensure confidentiality.
• Technology and Infrastructure: Evaluate the provider's technological capabilities, such as accounting software proficiency and infrastructure, to ensure efficient and accurate financial management.
• Client References: Seek references and review feedback from past or current clients to gauge the provider's reliability, responsiveness, and quality of services.

TechBehemoths can assist in choosing the best Finance & Accounting Outsourcing companies for your projects. With a comprehensive directory of over 160 companies offering Finance & Accounting Outsourcing services, TechBehemoths.com simplifies the selection process. At the same time, you should keep in mind that this is an outsourcing service, which means that by contracting a company providing this service, it is possible to lose the location comfort in exchange for a lower price offer.