Offshoring financial services
One of the trends gaining an upswing around the millennium was the off- and nearshoring of finance activities. Some larger companies have implemented this way-of-working by themselves, others might use service providers who utilize this process. Offshoring means that a part of the finance process, usually accounting and reporting, but also controlling might be part of the scope, is executed in lower wage countries. Distinguished can be offshoring (India, Indonesia) or nearshoring (Poland, Ukraine).