Financial Management: Outsourcing of Finance and Accounting Functions

Pursuant to a congressional request, GAO provided information on the use of outsourcing to achieve cost savings, management efficiencies, and operating flexibility in finance and accounting operations, focusing on: (1) the extent to which selected private-sector and nonfederal public organizations used outsourcing as a strategy to improve financial operations and reduce costs; (2) existing outsourcing vendor capacity to perform finance and accounting operations; and (3) factors associated with successful outsourcing.