For Chief Financial Officers (CFOs) striving to improve the efficiency and effectiveness of the finance function, finance outsourcing and offshoring are compelling options. Finance outsourcing and globalization have profoundly impacted finance operations in recent years, and the trend is projected to continue. However, for organizations seeking world-class performance, finance outsourcing and offshoring must be viewed within a broader operational context that includes strategic transformation initiatives and continuous process improvement. Optimal finance outsourcing, offshoring, and transformation strategies for particular organizations will depend on such factors as the role of globalization in the strategy of the broader enterprise, the cost of capital, and the complexity and risk profile of the specific finance processes under consideration.
The Hackett Group is a leading strategy and operations consulting firm with particular expertise in process metrics and benchmarking, business transformation, business process change, and global process sourcing. The Hackett Group has the experience and knowledge to help your organization navigate the challenges associated with onshore or offshore finance outsourcing, and to leverage finance outsourcing to achieve measurable improvements in finance function efficiency and effectiveness.
Drawing on years of close collaboration with leading companies around the world, The Hackett Group can guide you through all phases of a finance outsourcing initiative, including the selection of an outsourcing provider, the negotiation of a service contract with the provider, the design and implementation of a governance structure, and the transition to the newly outsourced finance service. And as leading experts in process transformation and performance measurement, The Hackett Group can help ensure that your finance outsourcing initiatives serve the broader objective of achieving operational excellence across the finance function.
Like all of The Hackett Group's advisory and consulting services, our finance outsourcing services are grounded in our acclaimed benchmarking and best practices repository, the product of our more than 11,000 benchmarking engagements with nearly 3,500 major companies worldwide, including 93% of the Dow Jones Industrials and nearly three-quarters of both the Fortune 100 and the DAX 30. When you partner with The Hackett Group, you're getting advice that's based on empirical data and proven results.
To learn more about The Hackett Group's finance outsourcing services, as well as our solutions for other business needs including cash flow management, procurement strategy development, supply chain consulting and more, contact us.