Philips CFO On Outsourcing Finance

July 2, 2010

Ronald Eikelenboom CFO of Philips Latin America speaks to Business Finance editor in chief Jack Sweeney about a fast-track outsourcing strategy that allowed Infosys to take over the company's finance operations within just six months.

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It may seem risky but it

It may seem risky but it works well. First, it ensures cost savings (in terms of labor cost, etc.). Secondly, there are other organizations that have tried outsourcing finance and did well. It is just managing the strategy well.