siliconindia | | April 20194siliconindia | | August 201848Among the many reasons for business failure is accounting or bookkeeping, especially for the small businesses who in their initial life need to focus on their core business competency rather than wondering around managing accounts, which is not their cup of tea. Poor bookkeeping, poor managerial skills, and failure or reluctant to seek professional advice are some of the most common accounting mistakes that businesses make. But with entrepreneurs realizing the growing importance of the account handling by ex-perts, the demand for financial and accounting outsourcing service is increasing multifold. No wonder, the global financial and accounting outsourcing or BPO market is expected to soar to $45233 million by 2022. Account-ing outsourcing not just helps in achieving high level of accuracy, but is highly cost effective when compared to having an in-house account-ing team, as it helps avoid penalties during tax processing and enables business reap benefits with up-to-date technology. Accounting compa-nies now rely heavily on technologies like artificial intelligence and robotics to deal with huge account data. Further, predictive analysis allows for the automation of evidence gathering and the production of complex data reports, saving time and improving client services. Hence, it is time for the accounting outsourcing industry to com-bine accounting, AI and automation to find a balance between human brainpower and modern technology. Bringing to you some such highly tech-savvy accounting firms who seek nothing less than perfection is our current edition of siliconindia's `10 Most Promising Accounting Outsourcing Service Providers ­ 2019'. The featured companies are some of the most experienced firms offering accounting services to global clients. Their exceptional customized services dedicated and designed as per every client's need has over the years helped cement strong relationships with their clients who trust them as their partners rather than vendors. Read to know more about the featured firms.Do let us know what you think!Anamika SahuManaging Editoreditor@siliconindia.comEditorialMarching Your Business towards Success Vol 07 · Issue 9-2 · April 04, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Avinash Roy Archee Roy Imelda Tarzarina John Roshan Anto Shefali Mathur Sophia Rohtagi Srrayvinya OLM Sujith Vasudevan Sushruth R Trisha Pragya Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.comGroup Art DirectorAshok KumarCirculation Manager Magendran PerumalVP - Sales & Marketing Virupakshi Pattar Visualisers Vimalraj M Manjunath Ameet Kumar Sahoo Anupreethi Danila Monisha.R Rohit KumarNoidaGarima Anand Rohit Raghubanshi
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