[May 26, 2009] Corefino Releases Outsourced Accounting Solution for CFOs Tweet May 21, 2009 (Close-Up Media via COMTEX) -- Corefino announced a three part people-place-platform solution for Chief Financial Officers (CFOs), that outsources the routine accounting function for mid-market organizations. Offering a combination of software-as-a-service (SaaS), business process outsourcing (BPO) and a custom-built technology portal, Corefino executives say they are the first to completely insulate organizations from on-premise technology, staffing and changing. The solution, available immediately, is already operating at more than two dozen organizations. Corefino's custom-built Triple-C Platform, which includes more than 500 business processes, workflow and quality assurance checks and reviews, outsources the audit-ready financials function with a Best Practices outsourced approach similar to the outsourced payroll solutions now in general practice. "For hundreds of years, the business of accounting for money in and money out has been on the same on-site framework," said Corefino CEO Karen Northup, who previously has held several corporate positions as CFO. "We all have heard the jokes about green eye-shaded accountants who labor heavily over routine numbers - and, for the last 30 years, expensive and painful to run ERP deployments that are costing mid-sized organizations millions of dollars." Corefino's 'Triple Play' solution is aimed at CFOs and Controllers in all mid-sized organizations, with a Best Practices/Workflow framework to handle: GAAP-based Accounting, Expense Accounting, Revenue Accounting, pre-Due Diligence/Audit/Tax Preparation, Reporting, Internal Controls, Finance Services, Balance Sheet Accounting and Cash Accounting. Corefino operates on a variety of Software-as-a-Service (SaaS)-based platforms via monthly subscriptions, and has formed partnerships including ADP, EASi and Intaact. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]