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Outsourcing provides additional means for a finance organization to improve efficiency and value delivered.
Outsourcing provides additional means for a finance organization to improve efficiency and value delivered. While some organizations begin with an internal shared services center and move to outsourcing as a second step, many others choose to leapfrog their peers and competitors by moving directly to an outsourcing model. These organizations view outsourcing as a make-versus-buy decision regarding capabilities; that point of view allows them to more quickly achieve the desired result. By moving directly to outsourcing, such organizations also lower their risk by partnering with a provider whose core competency is finance and accounting operations. Access to such a provider also delivers instant scale and resources.As the foundation for the other capabilities of finance mastery—risk management, performance management, capital stewardship and a value-centered culture—finance operations also enables better integration of those capabilities. That is where the best organizations truly demonstrate mastery: with a more powerful engine delivered by a value-generating finance operations group, organizations improve the speed at which they advance toward high performance.
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