3 Correlations between finance transformation ambition and
sourcing strategy are evident
There is a strong relationship between how the finance function model operates
in practice, and the level of transformation ambition. If the business’ primary goal
is improving the efficiency of the finance function, the sourcing model of choice
is often outsourcing. The process efficiency, flexibility, scalability and continuous
improvement that business process outsourcers can provide are all cited as key
benefits. Where broader business transformation is required, the finance function
tends to use both shared services and outsourcing, often referred to as hybrid
structures. Those using shared services claim they are able to engineer greater
proximity to the core business and establish sound relationships grounded in the
same culture.
4
3 Correlations between finance transformation ambition and
sourcing strategy are evident
There is a strong relationship between how the finance function model operates
in practice, and the level of transformation ambition. If the business’ primary goal
is improving the efficiency of the finance function, the sourcing model of choice
is often outsourcing. The process efficiency, flexibility, scalability and continuous
improvement that business process outsourcers can provide are all cited as key
benefits. Where broader business transformation is required, the finance function
tends to use both shared services and outsourcing, often referred to as hybrid
structures. Those using shared services claim they are able to engineer greater
proximity to the core business and establish sound relationships grounded in the
same culture.
4
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