Understanding Shared Services
Leaders constantly face tough decisions to optimally provide internal services at lowest possible cost. Questions constantly arise if the service costs are appropriately allocated across the entire organization, correctly reflecting true profitability of each organizational-unit. To address some of these issues, there has been quite a surge in companies wanting to go the “Shared Services” route.
Here is a quick overview of what is Shared Services, how it differs from Traditional model and it's benefits.