Other developments in the finance function
Taught by Hugo Newman · AI tutor support included
Modern finance functions are undergoing significant structural transformation through shared service centres, outsourcing, and business partnering models. This lesson examines how organisations are reshaping their finance operations to improve efficiency, access specialised expertise, and enable finance teams to contribute strategically to business decision-making. Understanding these organisational developments is essential for finance professionals navigating the evolving role of finance in contemporary business environments.
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In this lesson
- 0:00 Introduction to Organisational Developments
- 0:52 Detail on Shared Service Centres
- 2:30 Understanding Outsourcing
- 4:47 Business Process Re-Engineering (BPR) Explained
- 6:38 Relocation and Offshoring Insights
- 7:30 The Role of Business Partnering
- 9:22 Review of Key Terms and Concepts
About this lesson
Explore the evolving landscape of finance functions in modern organisations, unveiling the impact of developments like shared service centres, outsourcing, and business partnering. This video delves into the strategic shifts within finance departments, from embracing shared services for efficiency to leveraging outsourcing for specialised competencies. Gain insights into how these practices not only reshape finance operations but also enhance their role in guiding business strategies and decisions. Perfect for professionals keen on understanding finance's dynamic role in organisational growth, this video offers a comprehensive look at the future of finance functions.
Duration: 11m
- Shared Service Centres
- Outsourcing in Finance
- Business Process Re-Engineering
- Offshoring and Relocation
- Business Partnering
- Finance Function Structure
Transcript
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