Future-ready finance creates leaner, high value teams. To achieve this, finance must eliminate the non-value adding activities and focus on what the business needs to succeed. Repeatable, structured transactional activities can be insourced or outsourced to the right experts in business processing. Doing so frees MORE TIME for analytics!
- Insourcing refers to the practice of hiring specialists to fill some spots or simply training in-house personnel to perform specific tasks that could have been outsourced. Insourcing is an option when in-house employees don’t have the needed education, skills, talent or discipline to perform the growing new or higher demands of the tasks.
- Outsourcing means engaging an outside professional service provider, expert, consultant, freelancer, contractor, or agency. Savings from outsourcing services can include office costs & equipment, technical solutions, services provided by other department, training and keeping a talent pool.
Insourcing or outsourcing aims to farm out the running of transactional processes and activities in order to focus management time and resources in building and developing the new core demands of analytics.
But then again, here’s something to consider – how do you build and operate an analytics practice given the rarity of analytics talent?
Will retooling of existing employees suffice? Or opt to hire the experienced experts to build, operate and transfer, train and transform your finance organization?
How can we help? Accelerating your analytics journey is the core objective of RAPID INSIGHTS ZONE — premium analytics professional services, made available to all business types and sizes. Our services will help you KNOW MORE through analytics, so you have MORE TIME and resources to focus on growth. When you are ready to accelerate your analytics journey and inevitable business transformation, contact us!