Why consider Shared Services Center?
There are evident advantages to consolidating the lower-value transaction processing that is common to (or shared by) these various sites into a single location, whether as a shared service centre, outsourcing, or a combination of both. Processes are standardised, people and technology are shifted to agreed-upon locations, and work is re-engineered to world-class standards. Furthermore, corporations are increasingly incorporating higher-value services, such as tax and legal, into shared services or outsourcing contracts. Benefits of Shared Service Center (SSC), Why consider Shared Services Center Governance.
Benefits of Shared Service Center (SSC)
- Increased productivity
- Processes that follow best practices.
- Scale economies.
- A wider range of control.
- Labour costs are lower.
- Get the most out of your IT investment.
- Standardization is important.
- Synergies in acquisition
Shared Service Center (SSC) Governance
While it appears to be a good idea on paper, there are numerous challenges and concerns in practice. There aren’t many end-to-end processes between the various activities, and the functions are often at different stages of development and preparation for such a project. It is difficult to gain management commitment to implement a finance SSC on its own. Obtaining commitment for a GBS programme is far more difficult, and developing a governance structure that management agrees with and supports is very difficult.
SSC Levers for delivery
Consolidation
Consolidation of F&A Processes in SSC
Shared Supervision
At the back end, shared Supervision layers were used to cut on the overlay.
Standardization
Standardization of Processes across functions & geographies
Automation
Deployment of automation tools to eliminate manual steps
AI and Robotics Process Automation
Identifying places where robotics can be used and measuring results to ensure that improvements are made. Benefit
Why SattvaCFO?
SattvaCFO’s services will help your key and map out processes in a simpler and holistic way to meet your demands. With radical setting to your demands, we shine to deliver a simple product to your needs.
s of Shared Service Center (SSC), Why consider Shared Services Center Governance.
