There are 2 Companies in Orlando
that provide Finance & Accounting Outsourcing (FAO) Services!

Orlando is one of the most promising and fastest-growing tech centers in North America.  CBRE (Coldwell Banker Richard Ellis) ranked Orlando number 4 in its Top-30 report in 2019, which makes the city a great place for IT companies. 

But the growing IT industry in Orlando has also a social impact since more jobs in this field mean higher wages for natives and locals. In 2019, the average annual salary in the tech industry in Orlando was around $83K+ while the regional average in the same industry was estimated to $44K. 

According to Bizjournals, the tech industry in Orlando has an approximate number of 267K workers enrolled in the system in various subsectors of IT such as web design, web development, app and software development, and engineering. 

Additionally to new jobs and higher wages, the IT industry in Orlando helps the city grow larger and more developed by raising the office rent rate and digitalization of social services. In this way, Orlando has a well-established IT infrastructure and is ready to receive more companies and clients focused on maintaining the development trends. 
As for potential clients of Orlando-based IT companies, it is highly recommended by both CBRE and Orlando Economic Development Forum to choose local companies for digital projects due to their high advantages compared to other tech hubs in the region. Based on the information provided by the same source, Orlando is attractive due to lower prices for digital services and products, highly skilled professionals, and a healthy business environment.

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.