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Stories by Philip Venables

Implications of a shared service model

Financial Shared Service models (FSS) can deliver greater benefits than traditional siloed financial operations in organisations of scale. Gartner suggests organisations can expect to reduce the total cost of their financial function by between 25 percent and 35 percent by leveraging economies of scale, reduction in labour costs and reduced compliance costs – all whilst improving service quality and overall governance. Although the benefits are easy to understand, there are a number of other critical factors organisations need to consider before embarking on a shared services journey.

Written by Philip Venables01 April 12 22:00