UCMS Group Russia Studies CFOs Opinions

17 October 2011

UCMS Group Russia and Financial Director Magazine ( conducted a joint survey “What CFOs Expect from Outsourcing?”. We gathered opinions from eighty six Financial Officers throughout Russia who shared why they used outsourcing services.
Most respondents (81%) represented medium-sized businesses.
The survey revealed that as much as 40% of respondents were using accounting outsourcing services. Also, respondents’ companies outsourced selection, hiring, evaluation and development of staff (36%), payroll processing (17%) and HR administration (16%).
Respondents also shared what they valued most in outsourcing:
– for 18% of respondents it was cost reduction
– 12% indicated process optimization and standardization
– and for 11% the most important advantages of outsourcing were focus on core revenue-generating activities, transfer of risk and decreased liability, improved financial performance and outside expertise.
Read the full version of the study “What CFOs Expect from Outsourcing?” here: