International Financials at Metlife Inc

January 2002
Financial Executive;Jan/Feb2002, Vol. 18 Issue 1, p42
Academic Journal
The article discusses the benefits realized by MetLife Inc. from switching to a shared services model to administer the financial management functions of its international offices. MetLife does business in a dozen countries, and decided to establish two of its overseas offices as "centers of excellence" for providing assistance to the others.In addition to promoting better relations among the offices, MetLife's strategy lead to decreased costs for hardware, software, and labor. The system also allows each office to work using its own local currency.


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