target audience: TECH BUYER Publication date: Jun 2024 - Document type: IDC Perspective - Doc Document number: # US52188223
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
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Abstract
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