Finance Shared Service and Offshoring
In an increasing competitive world, many organisations are looking to relocate functions to lower centres of operation. Finance shared services are one of the cornerstones of today's strategies for the redesign of Finance, however the challenge is, which functions can be moved without compromising control and integrity. Regulatory measures such as Sarbanes-Oxley, make most organisations less likely to offshore/ outsource vital finance functions.
ALaS can bring industry best practice and experience of what has been migrated and what remains hard to do. AlaS can help organisations determine both the “suitability” and “doability” of migration by considering the following factors:
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Suitability
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Doability
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· Business criticality
· Complexity of processing
· Proximity to the clients
· Cost and volume
· Business Risk
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· Operational readiness
· Infrastructure readiness
· External constraints
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Our service offering includes:
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Defining a sourcing strategy that meets the needs of Finance and the Business
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Building and documenting the business case that defines the benefits and risks
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Developing an appropriate Shared Service operating model e.g. global vs regional centres
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Performing location analysis to assist with determining where functions can be located e.g. near-shore, offshore and in what countries and cities
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Implementing the Shared Service organisation
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Managing the transition