Outsourcing development features in the financial sphere

Abstract

Accounting services that have been successfully applied in Western countries are now being implemented in Russia in an increasingly competitive environment that requires companies to improve production efficiency and reduce costs for non-core functions. The article examines the concept of accounting outsourcing as one of the areas of financial outsourcing, analyzes the features of outsourcing development in the financial sector in Russian and international business practice, and identifies prospects for the development of financial outsourcing in general and accounting outsourcing in particular in Russia.