Back-office outsourcing service is launched

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Key Financial Reporting Ltd (KFR) is offering book-keeping and investment monitoring for a fixed fee.

Managing director Brian Clarke said: ‘Book-keeping is too often treated as the poor relation and as a result essential records can become years out of date.

Yet the back office is the bedrock on which the administrator’s work is based.

When the administrator makes a mistake, all too often it is because the action they took was based on poor records – due to the back office being under-resourced.

To keep costs down the firm has sourced two firms in Mauritius, giving access to around 50 trained staff.

Quality control is then carried out in Jersey.

‘Because of the technology, they are as near as if they were in the next room,’ said Mr Clarke.

A forensic investment firm has been commissioned to take on the investment monitoring role.

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