Pros and cons of CEE payment factories
Amsterdam, 08/26/2008Article written by Rob Rühl, senior economist of the Economics Department and Marten Bleijenberg, Head of channel management for ING Wholesale Banking
European companies increasingly favour centralising their payment functions in countries where labour costs are low.
Some companies learned however, apart from differences in labour costs other factors can be of more importance before deciding to offshore the payment function.
In an interview in the magazine Finance Director Europe, Rob Rühl, senior economist of the Economics Department and Marten Bleijenberg, Head of channel management for ING WHB discuss the issues companies should address before taken the decision.