The Rise of Finance & Accounting Outsourcing (FAO) for Mid-Market Enterprises

The FAO landscape in the U.S.

The Finance and Accounting Outsourcing (FAO) market in the United States is valued at over US$ 40 billion and expected to grow at 8–9% CAGR through 2030 (Grand View Research).

Mid-market companies — those earning between $20 million and $500 million — are leading this wave. They seek a balance between cost efficiency, compliance, and scalability without sacrificing governance.

Why mid-market firms are embracing FAO

• Talent gap: Competition for experienced controllers and accountants has never been higher.

• Digital transformation: Automation and AI are reshaping reporting processes.

• Regulatory pressure: Compliance under U.S. GAAP, SOX, and SEC rules is demanding and expensive to maintain internally.

  
  

By outsourcing, companies gain access to specialized talent, standardized processes, and advanced technology — at a predictable cost.

Typical FAO scope

Function	Outsourced Deliverables
Accounting	General ledger, reconciliations, month-end close
Reporting	Financial statements, GAAP/IFRS conversion
Tax & Compliance	Sales tax, filings, regulatory submissions
Payroll	Processing, benefits reconciliation
Analytics	Dashboards, KPI tracking, risk monitoring

Pitmen’s FAO model

Pitmen US blends outsourced efficiency with audit-level precision.Our FAO model integrates bookkeeping, payroll, reporting, and control oversight — with a focus on data integrity and governance.

FAO done right is not just outsourcing — it’s operational transformation.

Conclusion

Outsourcing finance and accounting is no longer a back-office decision — it’s a strategic enabler for growth, risk control, and investor confidence.

Contact Pitmen Audt to explore FAO solutions tailored to your company’s size, structure, and goals.