In 2005 Finance and accounting outsource (FAO) contract increased by a whopping 40%, FAO research, an exclusive market research firm on the sector, informs. For 2006, the firm predicts some bullish expansion. This calendar year the sector will experience an additional 60% growth, affirms Linda Ross, CEO of FAO Research, Inc.



While unveiling the report The World’s Biggest F&A Outsourcing Contracts, 2004-2005: An Overview and Global Market Analysis she says the study findings show that to achieve greater cost savings and better return on investment, to gain industry best practices companies from financial to chemical to government to manufacturing all are eying the offshoring route.



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