What Are Global Capability Centers (GCCs) in Accounting?

Global Capability Centers (GCCs) are dedicated offshore hubs that manage critical business functions, including finance and accounting, for global organizations. In accounting, GCCs handle tasks like bookkeeping, accounts payable and receivable, payroll, tax compliance, and financial reporting. They enable businesses to streamline operations, reduce costs, and access skilled talent while maintaining control over processes. Unlike traditional outsourcing, GCCs act as an extension of a company’s own team, ensuring consistency, compliance, and scalability. For growing businesses, GCCs are a strategic solution to optimize financial operations.