Moving F&A Operations to Low-Cost Site Yields Major Savings
Summary
The client is one of the world's largest makers of consumer chemical products. With operations on six continents, its international business accounts for about 60% of sales. The client wanted to investigate sourcing options for its Shared Services Center (SSC) in southern England, and additional Pan-European functions decentralized in 17 countries.
Client Challenge To maintain its position as an industry leader, the client decided to relocate its Finance and Accounting (F&A) operations to a lower cost location. The move would leverage not only cost savings but also higher skill levels. Lacking the expertise top execute the strategy, the firm contracted Alsbridge to assist them.
How Alsbridge Helped
Helped the client create a potential business case for re-locating the Finance Shared Service Center (FSSC) to a lower cost location
Proposed a shortlist of locations for in-depth analysis before choosing the best option
Provided direction on execution -- which functions, which sourcing model, and the ideal location for the SSC
Analyzed risk and benefits of each scenario
Benefit
The client understood the pro’s and con’s and true cost of its strategy
Equipped with a clear roadmap, the client executed the strategy, resulting in substantial saving over 5 years.
