Shared Service & Outsourcing

Companies often consider shared services and outsourcing when looking to reduce costs or increase quality and flexibility of support services. It is a means of obtaining strategic advantages and not just as a cost-cutting measure. Due to the increase in scale and complexity of outsourcing, the rationale for outsourcing is dramatically changing.

UHY Advisors can help you with the decision to outsource or develop a shared service center and help you develop a strategy for any area including IT and back-office functions, as well as other major business processes. 

UHY Advisors can help you navigate the complexities of outsourcing. We focus on the big picture, and look at the full term as well as the issues arising in each phase. We can help you: 

  • Identify which activities to outsource
  • Define your requirements and assess potential suppliers
  • Negotiate the right terms
  • Draft watertight contracts covering the sharing of intellectual property, performance criteria and penalties for non-performance
  • Make major changes and communicate with employees about alterations in their working environment
  • Manage political, regulatory and operational risks
  • Review and manage existing contracts
  • Resolve disputes