Finance Transformation: Expert Insights on Shared Services and Outsourcing

by ACCA, 16 January 2012

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ACCA business process outsourcing changing role of finance organization finance transformation shared services

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ACCA’s report reveals that the use of finance shared services and outsourcing to transform the finance function is here to stay, with gains already made in reducing costs and improving processes. The report also explores the issues, challenges and opportunities facing businesses transitioning to new finance models to improve business performance.

Key Findings:

No turning back from shared services and outsourcing
Different approaches to finance transformation are evident
Correlations between transformation ambition and sourcing strategy are evident
Cost remains the starting point
Finance leaders differentiate between provider capability
Finance transformation success rests on change management
Retained function capability is the prime driver of value, yet it is still a missed opportunity
Client–provider relationship continues to be misaligned
Service and service delivery

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ACCA

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Lots of the professionals

Submitted by James Loftcraft on 18 June 2012 - 11:48pm

Lots of the professionals working for www.clickbooth.com have already addressed a few of the key aspects you mention here about how to deal with the finance aspect of any company. Nowadays, the markets being do dynamic, well, a company needs to be able to cope with that.

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