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Financial directions - FDs unsure about whether to go offshore.

Europe Intelligence Wire

| September 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Obtaining better visibility of data will remain the primary concern of 69% of finance directors over the next 18 months, according to the findings of a white paper published by Burns e-Commerce, Outsourcing the finance function; does efficiency begin at home?

Outsourcing - widely seen as a driver of efficiency - is a high-profile option for FDs, but only 21% outsource to UK companies and 10% outsource their data processing overseas. More prevalent are process re-engineering and automation, with 82% and 64% of FDs respectively using or considering these options.

The survey shows that FDs are sceptical when it comes to outsourcing, especially offshoring. Only 15% consider it ...

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