Different ways to organize the processes of financial administration a field study of medium-sized Finnish companies

This research concentrates on exploring the ways how financial administration is currently organized in medium-sized companies in Finland. Decentralization, centralization and outsourcing are options that are available to different-sized companies. The study was executed as a field study in seven me...

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Main Author: Nummela, Maria
Other Authors: Kauppakorkeakoulu, School of Business and Economics, Taloustieteet, Business and Economics, University of Jyväskylä, Jyväskylän yliopisto
Format: Master's thesis
Language:eng
Published: 2011
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/37641
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author Nummela, Maria
author2 Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_facet Nummela, Maria Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto Nummela, Maria Kauppakorkeakoulu School of Business and Economics Taloustieteet Business and Economics University of Jyväskylä Jyväskylän yliopisto
author_sort Nummela, Maria
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description This research concentrates on exploring the ways how financial administration is currently organized in medium-sized companies in Finland. Decentralization, centralization and outsourcing are options that are available to different-sized companies. The study was executed as a field study in seven medium-sized Finnish companies that represent different branches. Furthermore, the research method was qualitative theme interview. As large companies have already established their financial service centers and small enterprises have outsourced their financial administration to bookkeeping agencies, medium-sized companies are located between the two, finding a way that is suitable for their strategies. In addition, processes are important factors that reflect the state of the companies’ financial administration. That is why the study contains a closer review of certain processes: purchase-to-pay and order-to-cash in. The conclusion of the study was that these medium-sized companies have organized their financial administration rather similarly, nationally centralized and abroad decentralized. The systems and the processes are not harmonized but the companies rely on their staff, even though redundancies and rationalization have narrowed their operation fields. A few of the processes were already outsourced in some of the companies but overall opinions towards outsourcing were careful and deliberate.
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spellingShingle Nummela, Maria Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies financial administration centralization decentralization service center outsourcing processes medium-sized company Laskentatoimi Accounting 20421 taloushallinto keskitys hajautus palvelukeskukset ulkoistaminen prosessit pienet ja keskisuuret yritykset
title Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies
title_full Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies
title_fullStr Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies
title_full_unstemmed Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies
title_short Different ways to organize the processes of financial administration
title_sort different ways to organize the processes of financial administration a field study of medium sized finnish companies
title_sub a field study of medium-sized Finnish companies
title_txtP Different ways to organize the processes of financial administration : a field study of medium-sized Finnish companies
topic financial administration centralization decentralization service center outsourcing processes medium-sized company Laskentatoimi Accounting 20421 taloushallinto keskitys hajautus palvelukeskukset ulkoistaminen prosessit pienet ja keskisuuret yritykset
topic_facet 20421 Accounting Laskentatoimi centralization decentralization financial administration hajautus keskitys medium-sized company outsourcing palvelukeskukset pienet ja keskisuuret yritykset processes prosessit service center taloushallinto ulkoistaminen
url https://jyx.jyu.fi/handle/123456789/37641 http://www.urn.fi/URN:NBN:fi:jyu-201203251486
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