Advantages

Accounting is one of the easiest business functions for a company to outsource…and it’s no longer just for large corporations.  True outsourcing is an extension of your company.  By choosing SUMSOLUTIONS our clients get a team of professionals along with their experience and ideas, significant cost savings, internal controls and fraud prevention.

Outsourcing Benefits

Internal Controls

Fraud Prevention

Outsourcing Benefits

Our clients immediately recognize the many advantages, significant cost savings, and greater flexibility associated with outsourcing back-office accounting functions.

• REDUCE OVERHEAD. Save time and money with professional accounting support at a fraction of the cost of hiring, training, and supervising employees.
• GAIN INSIGHT. As your business evolves, identify opportunities to grow your business and improve your cash flow.
• MORE CHOICE. Customized financial services can be added or removed on an ongoing, as-needed, or project basis. Choose from flexible on-site and off-site options to suit your business needs.
• PEACE OF MIND. Access experienced financial professionals at every level. From bookkeepers to accountants to seasoned CFOs ...your accounting is always in highly capable hands.
• CONFIDENTIALITY. SUMSOLUTIONS keeps information confidential at all times.We provide a written Confidential Guarantee, so you will never have to worry about sensitive or proprietary information. Your value and trust is of utmost importance to us.

Internal Controls

Internal controls are a major part of managing an organization, serving as the first line of defense in safeguarding assets as well as preventing and detecting errors and fraud.

Internal controls should be designed to provide reasonable assurance regarding prevention of or prompt detection of unauthorized acquisition, use, or disposition of an organization’s assets.  Today, business owners are continually seeking to improve accountability in all aspects of their company – from improving operational processes to implementing new technology.  The key factor in minimizing problems and managing change is having the appropriate internal controls in place.

With the experience and background of our staff, SUMSOLUTIONS will quickly identify key areas in which controls are needed, and help implement them.  To each client we bring a standard system with many controls in place and customize them to your business.

Fraud Prevention

Embezzlement and other kinds of financial fraud are perhaps the most common kind of employee theft.  Employee theft and dishonesty cost US businesses billions of dollars each year.  Unfortunately, small companies have the most to lose because embezzlement, stolen trade secrets, or missing inventory can cripple a small firm or even put it out of business.  The only way to prevent this is to devise prudent, effective controls in all areas of potential exposure and enforce them consistently.

SUMSOLUTIONS assures that controls are in place to prevent fraud.  Here are some of the ways we assist you in controlling your books.

We don’t control any financial transactions from beginning to end.  We write the checks – you sign them.  You open the mail and make the deposits – we record receivables and reconcile all cash accounts.

We make sure you understand your books. We help you become familiar with your company’s bookkeeping and recordkeeping system so that you can easily review the books and make sure that nothing is amiss.  We help you know what to look for.