Consolidate for real growth
Efficiencies of scale are always the goal for firms, and shared services are a big part of making that happen, writes Leslie Faughnan
Larger organisations and especially multinationals have in recent years moved many of their functions to centralised, shared services centres as a more efficient business structure.
The concept was to take repetitive transactional activities that are replicated in multiple locations and gain the efficiencies, productivity and cost reductions that come from consolidating them in one location.
In practice, corporations with shared services centres believe they have gained better control and visibility of all activity through centralisation...
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