Finance and accounting business process outsourcing market is rapidly growing in Australia due to the race of every business to improve performance while reducing costs. Finance and accounting outsourcing in Australia is a process of hiring an external party to obtain a facility of all financial control. It would continuously show consistent growth for the next seven years due to the business revolution in the country. The most common outsourcing services related to account are payroll accounting, accounts payable and accounts receivable. The corporate sector in Australia is moving up with all these types of account outsourcing.

Australia finance and accounting business process outsourcing market is segmented into applications such as BFSI, healthcare, IT, Telecommunication and retail. In terms of segment type, Australian account outsourcing market is segmented into finance and accounting, customer services, HR, KPO, procurement, order to cash outsourcing, and source to pay to outsource. Small business accountants in South Morang are the key players who are covering these applications with a vast majority.

The Australia finance and accounting business process outsourcing industry has been facing a consistent growth for a decade and it is projected to grow with a much higher rate in upcoming years. As the demand for account outsourcing is increasing in the country, several outsourcing agencies are benefiting from the opportunity. They are providing account and bookkeeping services to the companies. In addition, tax and business structure services are also being presented by the outsourcers.