It is believed that approximately one-third of investment management firms will spruce up their utility of outsourcing over the next couple of years. Because of regulatory and investor demand, organizations offering alternative investments try outside companies for help with customer support and back-office functions. The assumptions are unveiled by PricewaterhouseCoopers at its latest survey. Amongst total respondents approximately 40% have said that the basic reason behind outsourcing is turning their company’s focus to core competencies. What’s more; a good 31% have felt that since finance teams don’t have adequate time to handle such work outsourcing will ultimately help them regain their core competency. Another third have said that they outsource primarily to cut costs.
The study has also found out that outsourcing is number one issue out of top ten for management consulting firms.
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