From the April 2011 issue of Treasury & Risk magazine

Outsourcing Finance Revives

The outsourcing of finance and accounting processes picked up in 2010 and is expected to grow even more rapidly this year, according to a survey by Everest Group, a Dallas-based company that provides outsourcing research and consulting.

Everest says the annualized value of the new contracts signed last year rose almost 15%, to $3.5 billion. That compares with the 10% increase seen in 2009. Everest predicts annual contract value will jump 15% to 20% this year to break above $4 billion.

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