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How much can you outsource?
We've noted a few growth areas in these troubled budgetary times, notably risk management and compliance. But there's another area that has some wind at its back: Outsourcing. Certainly, more financial services firms are aiming to cut costs, and outsourcing is a time-tested way of doing this.
The issue for many firms is how much to outsource. For many hedge funds, outsourcing administrative functions is becoming a must, often because clients feel more comfortable with third-party arrangements. But you could outsource a lot more, including the entire IT infrastructure, suggests Wall Street & Technology. These days, the outsourcers can "do it" better than the client ever could. You're likely going to have to start these sorts of discussions soon. Which functions are the most ripe for outsourcing?
For more:
- here's the article
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