Finance and accounting outsourcing (FAO): Guidance document

Learn the hands-on essentials for making outsourcing decisions, choosing a provider and managing finance and accounting outsourcing (FAO) relationships effectively in our practical guidance document.

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FAO has evolved significantly in recent years. More organizations than ever before are taking advantage of FAO relationships to:

  • reduce costs
  • access better skills and technologies
  • heighten the scalability of operations and support business restructuring
  • sharpen focus on other core competencies
  • improve delivery on strategic objectives

Our comprehensive guidance document provides you with the knowledge you need to make the best outsourcing decisions and effectively manage relationships with providers.

You will learn

Strategic assessment and partnership planning:

  • identifying strategic drivers
  • evaluating the full range of outsourcing options
  • assessing internal capabilities
  • determining scope and logic

Partnership engagement:

  • assembling the project team
  • linking buyers' needs to the FAO provider marketplace
  • developing the request for proposal (RFP) and establishing an evaluation process
  • conducting due diligence

Partnership execution, governance and termination:

  • negotiating contracts and service-level agreements
  • transferring processes, employees and knowledge
  • monitoring and managing performance
  • renewing, renegotiating and terminating FAO provider contracts

Highlights

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