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?
Co-sourcing is a business model that sits between fully in-house delivery (insourcing) and full outsourcing.
The key concept is that you do not completely hand over the relevant function to an external partner; instead, you perform it jointly through close collaboration. The internal team and external experts work as one integrated team, with resources, knowledge and responsibilities shared in a clearly defined and well-delineated manner.
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
Partial outsourcing 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
What can we take over?
Selectable modules – separately or in combination:
Accounts receivable / accounts payable accounting
Invoice processing, reconciliations, open item management
Invoice processing, reconciliations, open item management
Bank and cash movements
Bank imports, transaction matching, reconciliations
Bank imports, transaction matching, reconciliations
General ledger closing and reconciliations
Monthly/year-end closing support, subledger-to-ledger reconciliation
Monthly/year-end closing support, subledger-to-ledger reconciliation
Fixed assets and accruals
Capitalization, depreciation, accruals and deferrals
Capitalization, depreciation, accruals and deferrals
Management reporting
Reporting package tailored to controller needs, KPIs, variance analysis
Reporting package tailored to controller needs, KPIs, variance analysis
Group reporting
Parent-company formats, language requirements, deadlines
Parent-company formats, language requirements, deadlines
Accounting expert support
Accounting positions, policies, audit 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.
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.
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.
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