Best Practices for Finance Shared Service Centers

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Nearly three in four finance organizations face pressure to speed up in the increasingly competitive, dynamic and volatile business environment. To meet increasing demands and deliver greater business impact, finance leaders need to rethink their organizational strategies and structures.

Finance shared service centers can help drive significant gains in terms of process efficiency and economies of scale. They can also free up finance resources to devote more energy to value-adding activities that better support the business and improve profitability. Therefore, the use of finance shared services is a standard practice in most global companies.

Shared service centers can deliver and demonstrate value to their internal customers in many ways – but Gartner found that the most successful shared service centers typically share five characteristics.

Read this ebook to learn more about these characteristics.