Outsourced Cost of the Finance Function

APQC's Open Standards Benchmarking segments the total cost of the finance function into five categories: systems cost, personnel cost, overhead cost, outsourced cost, and other cost. This article explains what APQC includes in outsourced costs, provides examples of how this cost category can vary between organizations based on factors like industry and size, and discusses some factors that organizations should consider when deciding whether to outsource.