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With the global economy in flux, consumer spending down, and an expected slow recovery in the offing, today's chief financial officers and controllers are faced with a significant challenge. They have to find a way to reduce operating costs and ensure adequate cash flow, all while positioning their companies to emerge from this crisis with the stability to capitalize when the market recovers. Although outsourcing was originally used as a means to increase service levels and reduce costs in the customer service and information technology arenas, smart companies are now embracing this model for a variety of Finance and Accounting (F&A) functions.
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