Financial Services Industry
Industry: Email Alert RSS FeedCFOs 'rolling up their sleeves' on FAO: finance and accounting outsourcing (FAO) is maturing, and finance executives have become more involved in understanding its benefits, determining its scope and choosing a provider.(OUTSOURCING)(Report)
Financial Executive, April, 2008 by McCracken, Bruce
The landscape for finance and accounting outsourcing (FAO) has been changing. Engagements are increasingly being driven by strategic objectives for business transformation, as opposed to pure-play cost savings through labor arbitrage. The FAO marketplace is steadily gaining traction and maturing. Some engagements have resulted in nuptial bliss, while others have ended in divorce. These factors have converged and led to increased involvement by CFOs and other financial executives to bring significant changes.
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The January 2008 FAO Research report, The Definitive Study of FAO Contract Pricing--Best Practices, Lessons Learned and Challenges for 2008, stresses that the increased sophistication and involvement by CFOs is changing the...
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