Rose Report: Issue 67
Unleashing Your Financial Potential: The Advantages of Finance as a Service
By Ted Rose, CEO, Rose Financial Solutions
As the CEO of Rose Financial Solutions (ROSE®), I am often asked, “What is the difference between traditional finance and accounting outsourcing and Finance as a Service (FaaS)?” Simply put, the key distinction is that FaaS provides a more holistic and strategic approach to financial operations. Today’s movement from traditional finance and accounting outsourcing to FaaS represents a significant shift in how businesses manage their finances. This movement recognizes the growing need for businesses to have a strategic partner that can provide insights, analysis, and guidance to drive financial growth and success. By combining technology, automation, and expertise, FaaS delivers real-time financial reporting, analytics, and strategic planning support. Companies that embrace FaaS gain access to a more agile, scalable, and adaptable financial solution that goes beyond mere transactional processing, enabling them to confidently make informed decisions, optimize financial performance, and navigate complex financial challenges.
FaaS offers numerous advantages over traditional accounting outsourcing, including:
- A holistic approach that enables businesses to gain deeper insights into their financial health, make data-driven decisions, and optimize their financial performance.
- A more cost-effective solution for businesses of all sizes that eliminates the expenses associated with investing in technology or hiring and training in-house finance teams.
- A flexible financial solution that seamlessly scales alongside business growth, adapting to evolving needs and increasing complexities.
The Future of FaaS is Easby!
As a leading industry innovator, ROSE® has been at the forefront of the paradigm shift from traditional finance and accounting outsourcing to utilizing technology to simplify back-office functions. Beyond traditional accounting outsourcing, our FaaS solution optimizes a company’s back office by harmonizing People, Processes, Technology, Organization, and Data, providing our clients with the tools to become accomplished leaders in their industries. We do this by providing financial clarity and the elimination of complexity through our technology platform, Easby®.
Easby, is a system of engagement built on enterprise-grade, hyper-automation technology that manages finance, accounting, and tax activities, converts data into information, and is supported by a team of seasoned professionals that enhances a company’s success by improving financial performance and eliminating complexity. Additionally, with ERP-level technology, Easby helps you better manage your back-office functions by connecting them into a unified system and helps you futureproof your financial operations by setting the stage for implementing AI in the future.
Learn more about how our FaaS solution can help you unleash your financial potential and set you on the path to becoming an accomplished leader. Schedule a call with ROSE today. In the meantime, fill out our pricing form to learn more about the value we create.
This content is for information purposes only and should not be considered legal, accounting or tax advice, or a substitute for obtaining such advice specific to your business.