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Overcoming the pitfalls of finance and accounting

This Finance and Management Faculty lecture was presented at Chartered Accountants’ Hall, London, on 10 July 2012.

Great advances have been made in the practice of finance and accounting (F&A) outsourcing in recent years. During this session, Simon Speirs, from Sutherland Global Services, will share some of the lessons learnt that now allow greater flexibility and help mitigate key risks. We will identify some of the key pitfalls and provide practical advice on how to avoid them. The pitfalls we will be discussing include: The risk of loss of control over your own operations, difficulties in managing supplier relationship, overcoming internal resistance to outsourcing, reputational risk associated with an underperforming supplier, and the risk of outsourcing something that would better remain-in-house. Angela Dickie at DHL will also offer some insight to how DHL have implemented outsourcing and the challenges they have had along the way. This session will be practical with lessons from industry and there will be plenty of time to answer your questions.

Finance Solution Architect, Sutherland Global Services