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Role of Six Sigma in Outsourced F&A Services

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The Role of Six Sigma in
Outsourced F&A Services

The positive spiral of cost and process productivity
—a look at how Six Sigma discipline can help
transform real-life buyers.
By Shantanu Ghosh & Monty Singh

Finance and accounting (F&A) outsourcing is one
of the fastest growing and largest segments in the
global sourcing space. Most Fortune 500 companies globally source at least a
couple if not more F&A processes. Corporations leveraging global sourcing
have reaped the traditional benefits of lower cost through labor arbitrage,
increased core competency focus, and access to talent.

But some companies go much further. They better cash management,
productivity, and controllership using Six Sigma to continuously improve
outsourced F&A processes and drive them to best-in-class.
Traditional outsourcing models transition F&A processes as is, thereby
transferring process defects too. Mature global sourcing vendors take a more
robust approach to F&A outsourcing. They use Six Sigma to identify defects
for remediation and totally re-engineer the process.

Read more .. at http://www.genpact.com/docs/resource-/3-32B5124B2E12B

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