Outsourced finance and accounting services provider IBN Technologies has joined forces with outsourcing accounting firms in the US.
This alliance is set to offer an array of “high-quality”, technology-driven solutions, catering to the needs of businesses, both small and large.
It comes at a time when the demand for ‘advanced’ accounting solutions is on the rise.
Firms are said to be increasingly adopting cloud-based tools, AI-powered analytics, and automation technologies to provide real-time financial insights, enhance decision-making, and mitigate risks.
These advancements reduce costs as well as enable businesses to concentrate on their core activities while maintaining financial accuracy and compliance.
IBN Technologies CEO Ajay Mehta said: “IBN Technologies believes that the future of financial management lies in blending cutting-edge technology with strategic outsourcing. Our goal is to enable businesses to innovate and grow without the burden of managing complex financial tasks internally.
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By GlobalData“We’re dedicated to helping businesses thrive by delivering scalable and secure financial solutions customised to their specific needs.”
Particularly, small and medium-sized businesses (SMBs) are seen to be facing challenges with financial regulations and tax compliance.
Many are turning to external partners for expert financial services, which offer flexible, customised solutions such as bookkeeping, tax filing, financial reporting, and payroll management.
Outsourcing these tasks allows SMBs to focus on growth without the burden of an internal finance team.
Conversely, large enterprises are increasingly seeking managed accounting services to consolidate operations, cut costs, and enhance operational efficiency.
The company notes that outsourced accounting solutions ensure smooth financial operations across various locations, allowing businesses to entrust the intricacies of financial management to professionals.
It further highlighted that accounting service providers are using technologies such as AI, machine learning, and cloud platforms to improve financial analysis, detect fraud, and facilitate real-time collaboration.
These tools provide businesses secure, detailed financial data, enabling quicker decision-making and scalable operations without the need for internal infrastructure upgrades.
IBN Technologies aims to assist businesses of all sizes in optimising their operations and maintaining competitiveness through technologies such as AI, cloud computing, and blockchain.
