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Accounting outsourcing is on the rise globally

According to a new study, the ongoing economic crisis created by the pandemic is leading to a rise in accounting outsourcing worldwide. 

The research has found that the global market for finance and accounting outsourcing was estimated to be $37.9 billion in the year 2020, despite the COVID-19 crisis, and is expected to be worth up to $53.4 billion by 2026 – that’s a compound annual growth rate of 5.9 per cent. 

According to researchers, the number of new companies starting to use accounting outsourcing each year has been increasing consistently, alongside a growing demand for additional support from existing clients. 

Experts expect that as outsourced accounting services incorporate and implement more advanced technologies, like machine automation and artificial intelligence, this growth could accelerate further as businesses take advantage of improved productivity. 

Our Outsourced Accounting Services team offer outsourced accountancy for clients ranging from limited companies, sole traders and partnerships to large organisations that are a part of international groups.

Read some of our latest case studies here to find out why outsourced accountancy is becoming so popular globally. 

If you would like an initial free consultation to find out how our Outsourced Accounting Services team can help your business, please get in touch by emailing enquiries@stca.co.uk or calling 01494 552100. 

This blog is for guidance only, professional advice should be obtained before acting on any information contained herein. The information was correct at the time of publishing 24 February 2022.