New survey shows support for Finance outsourcing
/A new survey by WNS, a provider of Finance outsourcing services, shows that senior Finance executives support outsourcing. Shocking, I know. Seriously though, the survey backs up what I've seen in my own consulting work - that Finance organizations are rapidly shifting to a global delivery model that incorporates resources beyond their own direct organization. Finance chiefs are looking for stronger talent, a competitive cost structure (read: offshore) and a more flexible cost structure to create a more nimble Finance organization.
Some of the key findings include:
- Over 75 percent of the finance executives plan to expand their outsourcing programs in 2010,
- Driving corporate cost cutting efforts and improving internal controls are the two most crucial issues in 2010,
- Forty-four percent of the finance executives believe growing the business will be an organizational imperative in 2010,
- Over 85 percent of the finance executives are satisfied with the benefits from FAO (Finance & Accounting Outsourcing).
