Importance Considering the global economic crisis, it is important to set up an effective system for managing corporate finance using such modern tools as financial and accounting outsourcing (F&A). Objectives The objective of the research is to reflect the significance of, and trends in developing the financial services segment and financial outsourcing worldwide. Methods The research is based on the methods of econometrics, analysis, synthesis, specification and generalization. It traces the development of segments of outsourcing services, financial services, and financial outsourcing delivered by companies in three regions of the global market. The countries are ranked using the cluster analysis method per the following indicators: evaluation of financial structure, appraisal of those charged with performance of functions (qualification, skills), business appraisal, evaluation of business environment, and distance from the cluster center. Results The research provides an insight into theoretical and methodological approaches to arranging corporate finance governance using F&A. The research identifies such fast growing segments of the global business outsourcing market as financial services, F&A services. The cluster analysis method allows ranking the countries where companies may act as the most active customers of F&A services; countries where companies may prove active suppliers of F&A services; countries where companies simply express their interest in F&A services. Conclusions and Relevance Companies in developed economies approach financial outsourcing to improve their competitiveness. Financial outsourcing reduces costs for corporate finance governance. The research expands analytical instruments for ranking countries in line with indicators of the cluster analysis so to identify those where companies may provide F&A services and compete with the Russian outsourcers. I propose the ways they should increase their share in the global professional services market.
Keywords: outsourcing, financial services outsourcing, international financial services outsourcing
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