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Introduction

The multi-tabbed F&A data collection template is designed to provide the buyers of outsourcing contracts a standardized approach to collect existing operation data in finance and accounting functions.  The data collected can be used to build a financial baseline in which to evaluate suppliers’ pricing as well as expose any opportunities for optimization.

Scope

The data collection template is broken into sections that gather data from multiple areas of the current F&A operation.  Each section is set up on a separate MS Excel worksheet so that the data collected is both organized and ready to be constructed into other customized reports and worksheets.  The worksheet covers the most used & common information that buyer organizations need to collect to accurately analyze an outsourcing initiative.  

Contents

The MS Excel-based tool has one worksheet for each of the sections mentioned above:

• Process Definitions: Defines the responsibility and functionality of all processes of the F&A function being considered for outsourcing
• Service Levels: Defines the current F&A operation’s level of service
• Financial Baseline: Accounts for all the costs associated with operating the current F&A operation
• Employee Data: Detailed reporting of current employee data including salary, benefits, roles and responsibilities
• General Metrics: Outlines general performance metrics and data used in evaluating function performance
• IT Systems and Applications: Outlines the current IT systems utilized in performing F&A functions
• Projects: Details current in-flight projects that may impact the outsourcing initiative
• Third Party Contract: Lists all the current third party contracts that may be affected by the outsourcing initiative
• Reports: Lists the reports that are currently generated or being used by the F&A function

Other Statement of Work (SOW) & Service Level toolkits in F&A include: 

F&A – Billing   |   F&A – General Ledger   |   F&A – Fix Assets

F&A – Payroll   |   F&A – Reporting  

F&A – Accounts Payable & Travel Expense   |  F&A – Cash & Banking  

F&A – Electronic Scanning   |   F&A – Accounts Receivable

F&A – Payroll Tax   |   F&A – Compliance Unit