| Today's business world is constantly changing | | | | had to design and implement such systems in |
| according to global demands, laws and regulations | | | | order to minimize the risks of internal fraud and |
| that govern a specific industry, this means that | | | | comply with the new set of rules. As you |
| the technology used to run a business 10 to 20 | | | | can imagine, several companies did not count with |
| years ago cannot and should not be the same | | | | their own IT department so all this work had to |
| used today. Recent accounting scandals | | | | be outsourced to specialized solution providers. |
| have created a high demand for IT firms and | | | | Law compliance is just one of the many reasons |
| professionals who are able to design and | | | | why working with an IT company is beneficial for |
| implement effective systems in order to comply | | | | small, medium and large businesses (corporations). |
| with new government imposed rules, not only | | | | Businesses are naturally drawn towards the idea |
| that but a business must also adapt to new | | | | of working with an IT company because they can |
| technologies that benefit their bottom line and | | | | outsource their complex tasks and projects in |
| make them more profitable. | | | | order to meet deadlines and create efficient and |
| If you remember the scandal that took place in | | | | profitable environment at the same time. |
| the first few years of this decade which involved | | | | When it comes to businesses and IT outsourcing |
| huge companies such as Tyco, Enron, WorldCom; | | | | the key term is opportunity cost; this means that |
| then you know that a high number of | | | | a business can run more efficiently if those who |
| shareholders were severely affected by the | | | | are running the business choose to delegate |
| many accounting and IT holes that the system of | | | | complex technology-based tasks to companies |
| such companies had. In order to close | | | | that specialize in such matters, this opens up |
| those gaps the government had to step in and | | | | more time (resources) to be invested in |
| provide a new set of rules known as the | | | | operations that will increase the efficiency and |
| Sarbanes-Oxley which was meant to prevent | | | | revenue of the company. As you see, |
| internal corruptions and future scandals; obviously | | | | outsourcing IT projects to a reputable service |
| the implementation of such system required the | | | | provider has always been a win-win situation that |
| work of expert accounting/IT professionals who | | | | every business should take advantage of. |