While 75 percent of U.S. and European multinational companies use outsourcing or shared services to support their financial functions and will continue to do so over the next 12 to 24 months, less than half consider outsourcing to be cost effective, according to a survey by PricewaterhouseCoopers.

Among European multinational companies, 72 percent have outsourced financial functions over the past two years, compared with 77 percent in the U.S. In addition, 71 percent of European companies and 78 percent of U.S. companies plan to use these services in the next 12 to 24 months.

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