the Allocation of accounting services is the formal term for the process of Accounting outsourcing. It describes the conscious entrepreneurial decision to have accounting tasks performed by an external, specialised provider rather than by the company's own staff. The outsourcing process comprises several phases: the definition of the exact scope of work, the selection and evaluation of potential service providers, contract negotiations including the definition of service level agreements (SLAs) and data protection safeguards through a data processing agreement (DPA). Today, modern and efficient collaboration when outsourcing accounting services is almost always based on a shared technological platform. A cloud ERP system such as the SAP Business One Cloud serves as the central interface for data exchange. In order for the customer to receive sophisticated analyses, the SLA can stipulate that the service provider is to use advanced controlling tools such as the Versino Financial Suite to deliver specific reports.
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