A recent research report shows that Finance and Accounting Outsourcing (FAO) would continue to grow in the year 2007.

The research report done by the Everest Research Institute entitled Finance & Accounting Outsourcing Annual Report 2006 highlights on how companies are taking advantage of outsourcing as well as future growth of FAO.

Here are some of the interesting results in the conducted research study:
-Manufacturing and Energy have the most number of FAO contracts
-Retail and Financial Services have the least number of FAO contracts
-In a span of two year (2004-2006), the number of outsourcing contracts signed doubled