Outsource Magazine Issue 33 - (Page 80)

GBS: A GAmeChAnGer for finAnCe? Everyone’s talking about Global Business Services – but is it really the quantum leap many are hyping it up to be? And what’s the impact on the professionals living through the change? Jamie Lyon, ACCA Jamie Lyon is Head of Corporate Sector at ACCA. W ho would want to be a CFO in today’s competitive and challenging environment? On the one hand, they continue to be tasked with their traditional stewardship responsibilities to the organisation; control of the organisation remains paramount, as is running an efficient finance operation; on the other hand they’re also increasingly tasked with creating a finance structure and capability that brings deep insights to the organisation to help create business value. These dual aims of today’s finance organisation are not mutually exclusive, and, though perhaps not obvious, shared services and outsourcing have a potential role to play in achieving both. Naturally shared service and outsourced finance operations have brought significant cost benefits, but the standardisation and deduplication of finance processes, coupled with better technology has also resulted in an improved control environment. Similarly, the streamlining of finance processes, and freeing up of the “retained” finance organisation has, in theory at least, put the finance organisation in a better "A budget tells us what we can't afford, but it doesn't keep us from buying it." – William Feather 80 ● ● www.outsourcemagazine.co.uk http://www.outsourcemagazine.co.uk

Table of Contents for the Digital Edition of Outsource Magazine Issue 33

Keeping in Touch
Shaji Farooq
Manoeuvre the Maze of Cloud Confusion
E-Invoicing: Where Now and Where Next?
Rick Simmonds
Only Strong Leadership and Governance Can Deliver High Performance
A Healthy Development
Getting to We: Time for a New Negotiating Paradigm
NOA Round-Up
To Outsource or Not to Outsource
Big Data Hits HR
John Willmott
Show Us The Money!
GBS: a Game-Changer for Finance
Neil Pratley
Go East
The Talent Challenge
Head-to-Head
Top Ten
NelsonHall Round-Up
Online Round-Up
The Deal Doctor
Inside Source
The Last Word

Outsource Magazine Issue 33