Co-sourcing
We strengthen your team where needed
Keep control. Outsource the tasks that consume time and create risk.
In a co-sourcing model, accounting and financial reporting tasks are shared: you retain the functions you want to keep, while we take over the rest – partially or fully, in our own systems or in your ERP.
Request a consultation with our experts, or send us your request for a proposal!
What is co-sourcing, and when does it make sense?
Partial outsourcing (co-sourcing) is ideal when:
- you have an internal finance team, but closing is delayed due to capacity or knowledge gaps;
- you want to retain key processes, such as approvals or controlling, while outsourcing routine tasks;
- maintaining a full internal team has become too costly or risky;
- an ERP change, growth, reorganization or project period requires a quickly scalable solution;
- you need to meet foreign group requirements while keeping local operations stable.
Partnership, not just a service
While outsourcing often focuses only on the expected result (“here is the task, solve it”), in co-sourcing the external service provider becomes integrated into the day-to-day operations of your company.
Partnership, not just a service
Knowledge sharing
The external service provider not only performs the work, but also “teaches” the internal team, so the know-how remains within the company.
Knowledge sharing
Flexibility
Co-sourcing enables you to scale your capacity quickly, for example for the duration of a project, without having to hire permanent employees.
Flexibility
Maintaining control
You retain direct visibility over the processes and do not lose control over critical areas.
Maintaining control
What can we take over?
Selectable modules – separately or in combination:
- Accounts receivable / accounts payable accounting (invoice processing, reconciliations, open item management)
- Bank and cash movements (bank imports, transaction matching, reconciliations)
- General ledger closing and reconciliations (monthly/year-end closing support, subledger-to-ledger reconciliation)
- Fixed assets and accruals (capitalization, depreciation, accruals and deferrals)
- Management reporting (reporting package tailored to controller needs, KPIs, variance analysis)
- Group reporting (parent-company formats, language requirements, deadlines)
- Accounting expert support (accounting positions, policies, audit support)
Request a consultation with our experts, or send us your request for a proposal!
Frequently asked questions
How is co-sourcing different from full outsourcing?
In a co-sourcing model, you retain selected tasks and control points, while we perform the agreed modules. In full outsourcing, we take over most accounting tasks.
Can we select only one or two modules?
Yes. The service is modular: we can start, for example, with closing support and reconciliations, and expand later.
Can you work in our ERP?
Yes. We can perform accounting in your ERP, partially or fully, aligned with your user rights and control requirements.
In a co-sourcing model, you retain selected tasks and control points, while we perform the agreed modules. In full outsourcing, we take over most accounting tasks.
Yes. The service is modular: we can start, for example, with closing support and reconciliations, and expand later.
Yes. We can perform accounting in your ERP, partially or fully, aligned with your user rights and control requirements.
Who is responsible in the shared operating model?
Responsibilities and approval points are defined in advance through a RACI model, so every participant knows their tasks and decision rights.
Responsibilities and approval points are defined in advance through a RACI model, so every participant knows their tasks and decision rights.
dr. Gyula Jurásek
Partner