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Financial directions - Finance operations tend to stay in-house.

Europe Intelligence Wire

| June 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)

Few of the largest US companies see any benefit in outsourcing their finance operations, claims a survey by business advisors Hackett Group.

The research is based on the analysis of 15 companies with mature shared service centres that incorporate their finance and accounting operations.

Three-quarters (74%) of respondents do not outsource any complete finance processes, while 60% said their outsourcing levels have not changed in the past three years. Only 36% outsource payroll, and none outsource accounts receivable or general accounting.

"Companies may be comfortable outsourcing subprocesses such as rekeying of vendor invoices or other data, check printing or managing ...

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