October 28, 2004 8:55 AM PDT
PwC: Firms see mixed results in outsourcing
- Related Stories
-
Kerry report: Economy 'threatened' by offshoring
October 26, 2004 -
HP bags $500 million outsourcing deal
October 20, 2004 -
U.S. tech job gain or drain?
October 19, 2004 -
Outsourcing picks up in Malaysia
October 1, 2004 -
Offshoring: U.S. needs reforms, not rhetoric
May 4, 2004
About 44 percent of companies that have outsourced financial functions say they have saved a moderate amount, according to a new study from PricewaterhouseCoopers. Another 3 percent say they have saved a great deal.
However, 31 percent of the companies see limited or very little financial benefit to outsourcing; 9 percent believe they are breaking even; and 4 percent say they are losing money.
About 77 percent of U.S. companies say they have outsourced financial functions in the past two years, the survey said, while 72 percent of their European counterparts have done so.
While companies are finding mixed financial benefits to the practice, they're still interested in outsourcing, the study found.
Nearly 75 percent of American and European corporations that use outsourcing to support their financial functions will continue to do so over the next two years, according to the survey. About 29 percent of these companies expect to increase their use of outsourcing of financial functions, with spending likely to be 16 percent higher than present levels, the survey found.
What's Hot
Discussions
Shared
-
Mac Pro petition gaining steam on Facebook
69 comments
-
Apple tinkers with iPen stylus and haptic feedback
58 comments
-
Android, iOS nab 82 percent of smartphone market in Q1
50 comments
-
Facebook worst IPO flop of the decade, Bloomberg says
50 comments
-
Kim DotCom case sees tears, claims of betrayal
49 comments
RSS Feeds
Add headlines from CNET News to your homepage or feedreader.
RSS
Subscribemy Yahoo
Add this FeedGoogle
Add this FeedMSN
Add this Feed