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Increasing competition in Russian business environment under the conditions of import substitution and sanctions led to significant complication of managerial decision-making. The main target of financial managers is to contribute to corporate competitiveness. Development of new competitive strategies requires the search for new methods of improvement of business process efficiency. Research of the methods used by foreign companies to develop and enhance competitive advantage reveals that financial outsourcing is one of the commonly accepted instruments of corporate strategy implementation. The increased focus of Russian companies on outsourcing as well as the development of outsourcing services in Russia under the lack of information, related to the issue, makes the subject of this article relevant to the current situation. The purpose of the research is to analyze the efficiency of financial outsourcing as a method of corporate strategy implementation. DOI: 10.5901/mjss.2015.v6n3s6p193

Practice of Outsourcing for Strategic Purposes by Russian and Foreign Companies