Traditionally, corporate functions such as Finance were outsourced primarily to leverage lower cost, operational efficiencies, scalability to support growth, and control from an audit and compliance perspective. However, popularity of locations across Asia has increased wage inflation and real estate cost. In addition, the rise of digital has changed the outsourcing business case and therefore conversations across senior executives, operations, vendors, and external stakeholders alike.
To add, this past year changed everything as working remotely affected Finance teams, captive shared service teams, and BPO teams in an avalanche of ways. Enablers such as HR, Procurement, and IT to rethink expense policies, connectivity, security, and office space – to name but a few.
Last year, longer-term transformation to bolster resilience were scrutinised or put on hold whilst social media was awash with promotions to go digital. As for outsourcing: studies showed an almost perfect split in that half of companies asked intended to insource to regain control whilst a similar number of companies explored increased outsourcing to further reduce cost.
Over a year into the pandemic, it is time to rethink Finance outsourcing and operating models now that remote working is the norm.
What to expect?
Today, we invite you for a roundtable discussion to identify the burning platforms among Finance Directors and CFOs leading the Finance function in Asia. We imagine you are stationed in Singapore as Finance executives with a mission to improve the quality of Finance operations and reduce the cost of delivery of Finance. The aim for all of us to walk away with further ideas and actions to that end. Plus: concrete advice on how to start your outsourcing/offshoring journey if you are exploring that option.
Who should be interested?
CFOs, Finance Directors, Senior Controllers, and specifically members of ADB-DutchCham
About the facilitators
Mark van Rooijen is an Executive Master qualified and accomplished senior finance professional with 20+ years of experience in the professional services industry working for leading global MNCs. Mark has successfully build, led, and developed high-performing finance teams and shared services that drive business goals, deliver added value, and support the effort for incremental returns. He has operated across multiple countries in the region and has been in Singapore since 2015.
Chris Siem runs a boutique consulting business focused on helping next-tier multinationals across their shared services and outsourcing journey. From forming the business case to operations Go-Live, he has set up numerous Finance delivery centres over the past 15 years, both in-house and outsourced. Before striking out on his own, he enjoyed a career as senior management consultant and in corporate roles responsible for shared services and outsourcing. Based in Singapore since 2000, Chris grew up under the smoke of Schiphol and studied at the Vrije Universiteit Amsterdam.
This session takes places at an inspiring co-working location. Details will be shared after registration to this session.