Company News...


First Quarter
We would like to welcome our newest members to our company. We are sure that all of you encompass the highest quality that our profession demands.

Both Richard Clark and Frank Carosella have been recognized and have become members of The Institute of Certified Management Accountants. We would like to congratulate them on their achievement.

A key component of the outsourcing marketplace -- finance and accounting (F&A) -- is expected to go from about $90 billion this year to $118 billion by 2008, says a new report from Yankee Group.
That's a significant indicator of just how well outsourcing is doing because, according to the report, "F&A has [traditionally] been operated internally because management has viewed the data generated in this function as critical...Today, companies are just beginning to outsource the management and execution of F&A processes to external service providers."





New Innovations
InterControllers is scanning all client documentation for storage on our services. Not only does this reduce our processes, translating into client savings, but it enables the clients to feel assured that specific documents can always be found at our location for quick reference.



Quality Control
Did you know that InterControllers establishes internal control procedures for all clients. We have also established our own internal review process that requires two people to review all client work. Including, but not limited to, accounts receivables/payables, checks, and financial work papers.



Looking Ahead
To those clients that have financial processing outsourcing InterControllers will conduct a study that will evaluate new useful ratios which can benefit the client decision-making process.

We are also going to look at best reporting practices with the latest information technology. Accounting professionals need to constantly search for more efficient ways to increase the scope and effectiveness of the reporting process, while at the same time minimizing operational costs.