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CFOs Moving Away from Outsourcing and Coring Up Their Operations to Financial Shared Service Centers/Organizations: The Strategy — What's Important to Consider and the Value

Publisher IDC
Published Jun 11, 2024
Length 7 Pages
SKU # IDC18893947

Description

CFOs Moving Away from Outsourcing and Coring Up Their Operations to Financial Shared Service Centers/Organizations: The Strategy — What's Important to Consider and the Value


This IDC Perspective discusses why CFOs are starting to bring back in-house outsourced financial processes and the creation of financial shared service centers/organizations. This document discusses the pros, cons, and trends for outsourced financial processes and the financial shared service centers/organizations. The pros, cons, and trends can help with creating a CFO strategy with a financial shared service center/organization."The financial shared service centers/organizations can be a powerful way to increase productivity, streamline processes (efficiency), and reduce the costs of any financial department, but it's important to think through the structure, purpose, and strategy of the new organization before implementing." — Heather Herbst, research director, Worldwide Office of the CFO at IDC

Please Note: Extended description available upon request.

Table of Contents

7 Pages
Executive Snapshot
Situation Overview
Financial Shared Service Centers/Organizations: Pros, Cons, and Trends
Pros
Cons
Trends
Financial Service Centers: Outsourcing Financial Processes — Pros, Cons, and Trends
Pros
Cons
Examples of Some of Companies That Outsourced Some Financial Processes That Led to Scandals
Trends in Finance for Outsourcing
Technology Can Alleviate the Cost, Efficiency, and Overhead
Advice for the Technology Buyer
Learn More
Related Research
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