What Are the Benefits of Migrating to a SSC?

In a study conducted by IOFM, respondents were asked to identify the main reasons their organizations moved the accounts payable function to shared services. For 70 percent or more of the respondents, standardization, process improvement, and control were the key factors. Improvements in these areas enabled organizations to manage their AP transactions better, smarter, faster, and cheaper–resulting in streamlining of AP processing and minimizing of compliance problems. Some other advantages…