This report from CFO Innovation, sponsored by i2M Ventures, discusses the pros and cons of globally outsource and centralize finance and other business processes. The findings are based on roundtable discussions of selected CFOs and other finance executives that took place in Singapore on May 25, 2016.
It is nothing new for companies to outsource by using Shared Services Centers (SSC) to reduce cost and enhance productivity.
However, several companies are now taking it to the next level and develop Global Business Services (GBS), meaning integrating several SSCs across the business into one global hub.
It is clear that the businesses represented at the roundtable are at different stages of outsourcing. And the approach to GBS is different depending on the organization. But they agree that GBS is most suited for global companies that have standardized processes and unified technology solutions across all countries.
- About this report
- Global business services
- Actionable insights
- Captive versus outsourced
- Location location location
- What comes next