Organizations today are focusing on building their core competencies in an effort to remain agile, competitive and efficient. Many organizations are outsourcing specific accounting and finance functions to third party professionals who specialize in those functions. Organizations face stringent requirements of providing accurate timely financial reports.

These reports are critical to their performance evaluation strategies and directly benefit the company by helping to increase shareholder value. Non core activities cause problems to organizations as they incur larger costs than the derived benefits and expected solutions.