CFOs to Expand Finance and Accounting Outsourcing Programs in 2010
January 19 2010 - 1:00AM
Marketwired
The demand for finance and accounting outsourcing (FAO) services is
strong and will continue to grow in 2010, according to the findings
of The WNS Annual CFO Survey 2010.
The study consisted of an online survey of 100 senior finance
executives in organizations with revenues of over $3 billion. The
survey was designed to identify and analyze key items on the CFO's
agenda and assess how alternative service delivery models such as
business process outsourcing are used to address these agendas.
Some of the key findings include:
-- Over 75 percent of the finance executives plan to expand their
outsourcing programs in 2010
-- Driving corporate cost cutting efforts and improving internal controls
are the two most crucial issues in 2010
-- Forty-four percent of the finance executives believe growing the
business will be an organizational imperative in 2010
-- Over 85 percent of the finance executives are satisfied with the
benefits from FAO
"The survey clearly suggests that FAO has become a mainstream
tool as 85 percent of respondents say they are satisfied with the
benefits. While FAO has been commonly used to reduce cost of
operations, it is increasingly becoming more strategic, focusing on
transforming F&A operations," said Sulakshana Patankar,
Business Unit Leader, WNS Finance and Accounting Solutions. "It is
extremely encouraging to note that respondents who outsource plan
to increase the scale of their programs in 2010, expanding both
processes in scope and adding business units and geographies."
According to Stan Lepeak, Managing Director, Global Research,
Equaterra, "While most organizations are still dealing with the
fallout from the global recession, this study suggests their 2010
priorities are shifting back towards growing the business in
preparation for the economic upturn. For the CFO, this means
focusing on managing costs and improving internal controls but also
preparing for the upturn by driving the transformation of F&A
operations."
The survey was commissioned by WNS (Holdings) Limited (NYSE:
WNS) and conducted by EquaSiis, an EquaTerra company.
For the findings and additional details about The WNS Annual CFO
Survey 2010, please visit www.wns.com/financeandaccounting.
About WNS
WNS is a leading global business process outsourcing company.
Deep industry and business process knowledge, a partnership
approach, comprehensive service offering and a proven track record
enable WNS to deliver business value to some of the leading
companies in the world. WNS is passionate about building a
market-leading company valued by our clients, employees, business
partners, investors and communities. For more information, visit
www.wns.com
About EquaSiis
EquaSiis, an EquaTerra company, provides software and services
that improve the business support services lifestyle for shared
services, outsourcing practitioners and service providers. The
software, EquaSiis Workbench and EquaSiis Enterprise, is a
framework for collaboration used during the service delivery
assessment and sourcing process to assist in analysis and decision
making for shared services or outsourcing. EquaSiis provides
intelligence and optimization for the delivery of business support
services across the entire organization. The company also offers
service providers market intelligence, research, customer
satisfaction and trending data through its Insights group. For more
details about EquaSiis' research offerings, please visit
www.equasiis.com.
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Private Securities Litigation Reform Act of 1995
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defined in the safe harbor provisions of the US Private Securities
Litigation Reform Act of 1995. These forward-looking statements
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