Businesses throughout the world are constantly facing operational and strategic challenges to improve their service to customers, lower their costs and increase business effectiveness. This has never been so imperative than in the current economic climate.To align their business strategies with this ever changing environment, businesses have to adopt some element of Shared services in its operating model. This approach enables companies to eliminate non value-added activities, automate essential processes, and benefit from standardisation, economies of scale and skill.
Shared Services are more than just centralization or consolidation of similar activities in one location, rather it’s convergence and streamlining of similar functions to ensure effective and efficient service deliveries.
Upstake Technologies Shared Service offerings provides a wide array of outsourcing solutions in Finance & Accounting, Transaction Processing & Enabling Technology services with higher efficiency and service delivery by reengineering processes and implementing the state-of- the art technologies within that particular function.
Shared services has been the chosen child of finance, but this relationship is changing as shared services is growing up and not limited to Financial operation only. The survey reports clearly depict the latest trends of wide acceptability of shared services in other business functions as well.
So, invest your capital in profit-making aspects of the business instead of investing it in non value-added activities.