One of the world’s largest providers of global, cloud-based Human Capital Management solutions, with 160 locations in the U.S. alone and more than 52,000 employees worldwide, knew they needed to downsize staff and outsource much of their finance and accounting operations to reduce costs.
At the same time, the company also understood it needed to upgrade talent within its in-house financial roles to stay ahead of the competition.
Multi-Phase, Customer-Centric Solution
Working hand in hand with the customer’s Vice President of Finance and Corporate Accounting Director, a multi-phased approach was created to address the scope and scale of the Finance Transformation project. Based on the understanding of key objectives, a comprehensive, customer-centric solution was recommended to effectively off-shore and outsource selected finance and accounting positions.
Kforce’s customer-centric multi-phase approach included:
- Creating a project management team to oversee successful completion of initiatives.
- Assessing technical capabilities of current consultants with the objective of expanding current roles to support the project.
- Identifying transactional resource gaps created by outsourcing and offshoring finance and accounting functions.
Kforce upgraded in-house talent by delivering 14 highly skilled professionals—including three business analysts, seven senior accountants, one accounting manager and three project managers.
This team helped the customer accelerate their workforce reduction initiative, which was previously six months behind schedule, enabling them to successfully complete their initiative three months ahead of schedule. The customer also recognized significant cost savings by outsourcing work and reducing internal department overhead.
As a result, the customer was positioned to better maintain its industry-leading status in an extremely competitive marketplace. Kforce continues to deliver additional resources for the Finance Transformation project and for upcoming initiatives.