Outsourcing: Four Ways to Protect Yourself

Hire a lawyer who specializes in outsourcing to craft a contract that covers all potential risks. Insist that the vendor accept your contract form; never sign a cookie-cutter agreement. Watch what your outsourcing partner is doing. Their work on your accounts should be transparent to you. Your controller should be able to see the same things the provider sees. Remember that the business the outsourcer is doing for you is your business. Do not allow the vendor to mingle your money — the…