Finance shared service center case study

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A little about the essay
One area that has been prone to drive cost-cutting initiatives, and will continue to do so going forward is the back office through the establishment of shared services and outsourcing models. Some of the well-known benefits of shared services and outsourcing include not only cost savings but productivity efficiencies, scalability, better controls and greater strategic focus, just to name a few. But, as with any other business decision, building a comprehensive and reliable business case is critical to obtain alignment and approval from the executive team before moving into implementation. Labor savings estimates are not enough.
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HR Shared Services Service Center

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Lean Finance Shared Services Transformation - The Lab Consulting

Our goal was to establish a small Financial Shared Service unit with up to 20 employees during the first year, and to support the client in extensive growth by filling all new and recurring vacancies during the next years. During the market entry phase in , we worked closely together with Konecranes to set up a plan for establishing the financial unit in Estonia, and recruited a local management team. Recruitment of first financial specialists followed shortly. In consequence, the demand for skilled financial specialists grew with the need for a variety of particular language skills.
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Finance Shared Services: Geographic Model, Governance, and Scope

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The scope of the finance shared services study included delivery model, scope of services, staffing, location, performance, and technologies leveraged. Results from organizations from the last two cycles were shared during the webinar. A majority of organizations surveyed 53 percent reported using a Global Business Services GBS model for finance shared services.
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