Jun 20, 2013
From the Shared Services and Outsourcing Institute
Finance shared service centers (FSSC) have become an essential part of many organizations. They can increase efficiency, cut costs and boost profits.
But the same process-driven efficiency that makes FSSCs attractive may create fraud risks. Reducing fraud risks should be an integral part of optimizing FSSC performance.
This article reveals:
- The vulnerability of FSSCs to fraud risk
- How the transactional mindset of FSSCs may drive inappropriate behavior
- Recommended measures to reduce fraud risks
- The need to integrate FSSCs and wider businesses to help foster the right culture
Read Are Finance Shared Service Centers Adequately Managing Fraud Risks? on the kpmg.com/uk website.
Listen to the Advice Worth Keeping podcast Fraud Risk in Finance Shared Service Centers.
Explore related topics for Fighting Fraud on kpmg.com/uk.
Listen to the Advice Worth Keeping podcast The Rise of Finance Shared Services Centers 2.0.