Importance Crisis phenomena and sanctions necessitate an effective system for corporate finance management. Objectives The research aims at examining the significance, substance and trends in financial outsourcing development, including international financial outsourcing as a tool to manage corporate finance. Methods The research employs the methods of econometrics, analysis, specification and generalization. I analyzed conditions of and trends in developing international financial outsourcing services in three economic regions, i.e. Americas, Europe (including Russia), Middle East, and Africa (EMEA). I display the mechanism for reducing costs by engaging financial outsourcing, international financial outsourcing, and further format of outsourcing - externalization. Results I provide a deeper insight into financial outsourcing. Outsourcing costs (contracts and their number) tend to increase. Outsourcing companies of Russia have no representation in the global financial outsourcing market, notwithstanding their potential. Conclusions and Relevance Under the current circumstances, and during and after the crisis, companies of developed economies use financial outsourcing services in order to reduce costs and improve their competitiveness. I suggest the Russian outsourcing companies should offer their international financial outsourcing services in order to provide their competitiveness. It requires further researches into the methodology and conceptual framework of the financial management tool.
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