Hotwire Issue Radar: Outsourcing - passing the buck
|
Outsourcing is on the increase. Analyst house Gartner has projected that finance and accounting business process outsourcing in Europe will grow to become a two billion pound market by 2008. And this won’t just apply to commercial businesses...
Outsourcing is on the increase. Analyst house Gartner has projected that finance and accounting business process outsourcing in Europe will grow to become a two billion pound market by 2008. And this won’t just apply to commercial businesses – the professions too are looking to capitalise on outsource opportunities. Large accountancy practices do not see much margin in keeping basic compliance work in-house.
On the other hand, smaller practices are looking to make cost savings by outsourcing their basic work, prefering to concentrate on more lucrative, value-added services. So who will end up doing tasks such as basic bookkeeping and accounts production? Simon Crompton, General Manager of MYOB, comments on the rising trend of outsourcing in the accountancy profession.
|
Banking & Finance 
