A study done by finance staffing agency Robert Half Management Resources found that chief financial officers (CFOs) in the US are considering outsourcing general accounting and finance projects to financial consultants in the coming year. Some of the finance segments that will see this trend are financial reporting, forecasts and budgets, mergers and acquisitions, as well as systems and performance upgrades.
Fifty percent of CFOs are planning on outsourcing finance and accounting processes. Forty-eight percent said they are looking at outsourcing non-finance-related processes such as business systems and performance improvement. Overall, forty percent are focusing on governance, compliance projects, and risk management, while forty-two percent are eyeing taxation.
According to Paul McDonald, Senior Executive Director at Robert Half, financial consultants will be able to provide services to companies that are going through mergers and acquisitions, and are looking for a resource planning system.