BBC may outsource more finance functions

BBC may outsource more finance functions

More of the BBC's finance function could be outsourced, after the broadcaster outlined its long-term cost-saving plans.

Link: BBC set to slash finance jobs

Director general of the BBC, Mark Thompson, earmarked £68m in cost savings through 2,500 jobs either being made redundant or outsourced from its professional services departments, including finance.

Thompson has failed to provide detailed information on the moves, but the BBC already outsources finance processes such as payroll and invoicing to business process outsourcing provider Medas.

Gerry Morrisey, assistant general secretary at broadcasting union Bectu, said the union is disappointed and surprised that no details have been provided as to how the job cuts and outsourcing will break down.

‘No-one’s any the wiser following the announcement,’ said Morrisey.

And he voiced concerns about outsourcing more of the finance function: ‘People would need convincing that it is a good idea.’

Thompson set a target of £320m in annual savings at the broadcaster within three years, of which all will be ‘redirected’ into programme-making.

‘We should do what’s right for a strong, independent BBC and its audiences in the long-term, not what’s politically convenient now,’ said Thompson.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

1m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article