Strategic reasons for Danish companies to outsource accounting in 2025
Quick summary
Outsourcing accounting Denmark 2025: expected to continue growing 7.8% CAGR through 2028
Key drivers: cost reduction, specialized skills, digitalization & AI, core focus, flexibility
New trends: cloud ERP, e-invoicing mandate, AI analytics, ESG reporting
choose partner: industry expertise, tech stack, GDPR & EU compliance
Overview
Outsourcing finance and accounting continues to be one of the fastest-growing segments of Business Process Outsourcing (BPO) in Denmark. With the global finance & accounting BPO market projected to expand by USD 27.30 billion from 2023 to 2028 (CAGR 7.85%) and Europe’s BPO revenues hitting €112.99 billion in 2024, Danish firms are capitalising on strategic benefits beyond mere cost savings.
Overview of accounting outsourcing trends in Denmark
Market growth: Steady adoption projected to double-digit growth in transactional services through 2025.
Contract evolution: Gartner reports 60% of finance & accounting BPO contracts won’t be renewed by 2025 without digitisation upgrades.
Service focus: Order-to-Cash, Procure-to-Pay, and Record-to-Report remain core; judgment-intensive tasks see selective nearshoring
Key strategic drivers
1. Cost reduction & predictable pricing
In-house vs nearshore: A senior accountant in Denmark now costs ~€5,000/month; comparable Baltic resource ~€3,000/month.
Scalable models: Fixed-fee, transaction-based, or outcome-based pricing delivers clearer ROI.
2. Access to specialised skills & technology
Industry expertise: Providers with manufacturing, life sciences, or renewable-energy know-how add sector-specific insights.
Tech stack: Cloud ERP (e.g., Microsoft Dynamics 365, Oracle NetSuite), RPA bots, and AI-powered analytics optimise workflows.
3. Process performance & continuous improvement
Standardisation: Adherence to reliability, relevance, comparability, consistency, and understandability.
Automation & AI: Robotics for data entry; machine learning for anomaly detection and forecasting.
4. Focus on core competencies
Enables leadership to dedicate resources to product development, market expansion, and customer service—rather than back-office functions.
5. Flexibility & scalability
On-demand capacity: Scale volumes up or down to match seasonality or growth spurts.
Risk mitigation: Outsourcing partner carries recruitment, training, and compliance overhead.
What’s new in 2025: digitalization & regulatory updates
EU e-Invoicing mandate (Directive 2014/55/EU): Electronic invoices required for public procurement since April 2024.
ESG & sustainability reporting: Integrated financial and non-financial disclosures become mandatory under CSRD.
AI governance: GDPR-aligned frameworks for AI tools in accounting ensure data privacy and ethical usage.
IFRS 17 implementation: Insurance companies adapting to new revenue recognition standards with outsourced support.
How to choose the right accounting partner
Track record & references
Ask for case studies in your sector.
Compliance & security
ISO 27001, GDPR, Danish Financial Statements Act expertise.
Technology & innovation
Demo dashboard capabilities; level of RPA/AI integration.
Cultural fit & communication
Language fluency, time-zone alignment (CET), transparent SLAs.
Have a question?
Get in touch!
Baltic Assist provides a comprehensive outsourcing solutions that saves costs, enhances efficiency, and strategic decision-making for your business.
