Outsourcing Finance and Accounting: Challenges and Opportunities for Asia's CFOs

Outsourcing some aspects of finance and accounting is becoming an accepted practice in Asia. The processes that are outsourced are mainly transactional – procure-to-pay (82%), order-to-cash (60%) and record-to-report (55%). However, 22% of companies are outsourcing financial planning and analysis.

 
Among this study's findings are the following:
  • Finance outsourcing is becoming prevalent in Asia
  • Cost savings top the list of key drivers
  • Transactional activities are outsourced first
  • Companies are generally happy with outsourcing
  • Stakeholder buy-in and cleaned up processes are keys to success
 
 

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