A common concern when building the finance function is what to outsource. It’s rare to have everything in-house from day one. Plus, as time passes you find that certain tasks can move from in-house to external, to free your teams for more impactful work.
The benefits are fairly obvious:
• Access to skills and knowledge you don’t currently have
• The ability to shop around and change quickly if necessary
• Fewer full-time salaries to manage
• Cheaper rates (especially if looking internationally)
But there are also clear downsides to outsourcing, and CFOs need to weigh the costs.
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