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Many companies are considering shared services or outsourcing as their preferred delivery models*

Finance functions are restructuring their operations, partly to save money but also to release more time for further strategic tasks. Shared service centres have become widely used as a way to increase cost-efficiency without some of the risks associated with outsourcing. According to the survey, between 35-50 percent of companies now handle their treasury management, financial reporting and transaction processing within a shared service centre. The numbers using such a model are likely to rise over the next two years.

Looking forward, routine management reporting is expected to be a particular growth area in the use of shared service centres, as organisations seek to improve the quality of management information. By comparison, outsourcing strategies for finance are still in their infancy and less popular than other support functions such as IT, but do represent an emerging model for running routine finance processes.

* KPMG LLP UK insight, based on service sales and research

Use of shared service centre, outsourcing and of shoring today and in three years time (by business process)

Content and graph source:  EIU

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