Finance & Accounting Outsourcing

The challenges for today's Chief Financial Officers have never been greater. In an era of increased global competitive pressures with a sharpened focus on risks and more stringent compliance requirements, they are increasingly required to improve the value their finance functions contribute.

It is critical that transaction processing is handled with greater reliably and timeliness at a much lower cost. As a result Shared Services and BPO have fast become proven sourcing approaches for most finance processes. Initially they focused on the high-volume activities associated with Procure to Pay, Order to Cash and Plan to Report processes. Their scope has steadily increased to include areas of more specialist skills such as Management and Regulatory Reporting, Consolidation, Budgeting, Tax and Treasury Management.
 
How we help you...
 
Alsbridge plc can provide a team of highly qualified Finance & Accounting consultants who bring an outstanding range of relevant experience gained with blue-chip organisations and the Big Four professional firms.
 
We have the specialist expertise to help you speedily develop your finance processes and their sourcing including: 
  • Developing the strategy to transform your finance operating model
  • Evaluating your sourcing options - scope, internal vs. external provision, etc
  • Developing the high level operating model and the business case for change
  • Developing detailed process designs for to-be finance processes
  • Planning and supporting the development of your Shared Service capability
  • Managing and facilitating the process to select a BPO provider, including the use of our highly effective Sourcing Alignment (SAS) approach
  • Evaluating the commercial aspects of your outsourcing contract and assisting you through contracting or renegotiation processes
  • Benchmarking your current or planned F&A deal against the latest pricing intelligence
  • Implementing and improving your performance management framework, including service levels determination, service management roles and performance reporting
  • Planning and supporting successful migration and retained organisation development
  • In-project and post implementation health checks
Our F&A consultants are experienced in programme and project management, change management and systems implementations.

Client Example
Led the outsource of F&A processes from an existing SSC and additional de-centralised locations for global drinks brand. Alsbridge's engagement resulted in a signed contract with a global F&A supplier and an agreed transition programme across all markets, delivering £2.6m per annum savings over the lifetime of the deal and 62% IRR.
  

To speak with a member of the BPO practice please contact Paul Morrison on +44 (0)20 7242 0666.