Best Practices for Shared Services Implementation

Shared services is a means to an end. It can be used to reduce costs by eliminating redundant labor and systems expenditures. It improves internal control through a consistent set of policies and procedures. It can also help an organization provide better service through elimination of non-value-added processes and optimization of redesigned processes. A major driver for the development of shared services was originally cost, and this is still a big consideration for many organizations…