How can companies transform finance, IT, accounting and HR functions through outsourcing?
The first ‘fork in the road’ that an organization comes across is deciding whether they are looking to do what some people call ‘lift and shift’ or really leverage the world class expertise and domain knowledge of the provider and transform their processes. I’m still seeing many deals that are bearing left at that fork and they’re focused on ‘can you do this cheaper?’ I can understand why because the focus of the economy now is not only cost savings, but immediate cost savings and taking the shortest distance to expense reduction. However, it will cost those companies more in the long term, assuming their competitors are saving money, improving productivity and ultimately increasing their competitive edge. As to how companies can transform functions through outsourcing, there are many ways that it can be done. The first is to have the mindset that transformation is part of your decision-making criteria. Part one is ‘here’s why we’re outsourcing – and the top three reasons aren’t to sav
