There are 7 Companies in New Delhi
that provide Finance & Accounting Outsourcing (FAO) Services!

New Delhi, the Indian capital, is one of the largest IT hubs in the world with a continuously growing rate. It is a place where IT companies start their serious business, but only the best survives. Also, New Delhi alongside Mumbai provides a huge variety of offers for potential clients and businesses. 

Beyond being the Indian capital, New Delhi is also the financial center of the country, attracting startups, IT companies, and tech giants, and as well as promising better wages than in other regions. On the other side of the table, you can find here more expensive rentals and lifestyles, which leads to a considerable difference in prices compared to other Indian tech centers. 

The huge diversity of companies leads to a lower average salary for the IT industry. In this way, according to payscale, the average yearly wage of an IT employee reaches $13,580 USD. Compared even to Mumbai, the wage is lower, but nonetheless, there are companies that offer even a $25K USD/year. 

Like in most of the Indian cities, New Delhi-based IT companies also provide BPO services, which is considered a good alternative to local marker-focused companies due to high competition and lower-prices demand. 

The most accessed and required IT services in New Delhi are almost the same as in any other typical tech hub. The leading position is held by Software development, followed by Web development and UI/UX. The fourth position is IT project management and content management services such as rewriting, copywriting, and SEO. 

The huge size of New Delhi should generate enough professionals for the local IT industry, but, things look a bit different. New Delhi’s tech companies’ main challenge is skilled professionals shortage. The deficit is caused by other emerging tech centers in India, which are more attractive to young IT graduates. Many choose to relocate for cheaper lifestyles and better wages, and cities like Bengaluru or Mumbai are a good alternative. 

With all these, the capital remains in a leading position in terms of companies and employees in the national tech sector. 

We invite you to discover all IT companies from New Delhi listed 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.