• Phone
  • Contact us
  • Locations
  • Search
  • Menu


  • Add this article to your LinkedIn page
  • Add this article to your Twitter feed
  • Email this article
View or print a PDF of this page

"We are not ten times smarter than the Chinese. The figures explain why Europe’s economy is struggling, and why our economy is at risk".


Knut Erlend vik, PA economics expert

Why outsourcing of financial services is history

Joachim Kattrup

Økonomisk Ugebrev

19 May 2013


Lars Paredes, PA finance transformation expert, comments on a survey that asks CFOs to give their opinions on how financial services will be handled in the future. The survey reveals that CFOs would prefer financial services to be managed in a shared services centre owned by the company itself, or by the traditional in-house finance department.

According to Lars, CFOs will decide against outsourcing for two reasons: “Salaries in outsourcing countries such as Poland have increased significantly in the recent years. In order to obtain savings, companies need to outsource their services to far-away countries with little experience. Secondly, an increasing number of the services provided by the companies’ shared services centres will change into counseling services, which will create demands for new competences –  and this requires a specific business knowledge, which is difficult to find in an outsourcing partner.”

For more information contact us now or click here.


Sign-up to receive company updates and press releases by email or newsfeed:



Corporate headquarters
123 Buckingham Palace Road
London SW1W 9SR London SW1W 9SR
United Kingdom
Tel: +44 20 7333 5865 Tel: +44 20 7333 5865
contact us now

By using this website, you accept the use of cookies. For more information on how to manage cookies, please read our privacy policy.