Shared Service Center

Through making changes in responsibilities and departmental structure and practices, a growing company has discovered that a more cohesive, cross-trained AP department can handle staffing situations

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Shared services, the consolidation of business operations, usually “back office” or support operations, into a single independently-functioning unit, has been around for some time. It started… Read More

Shared service centers (SSCs) are not a new concept. As far back as the 1970s, organizations centralized AP and other noncore processes. But while these organizations performed AP and other processes

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Setting up shared-service centers (SSCs) for finance and accounting operations is a great cost-saving idea—as long as performance remains high. However, as pointed out in a recent Sungard white

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This template can be used to document questions to ask various AP locations being consolidated into an AP Shared Services group. Microsoft Excel

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While any change can be disconcerting, the change to a shared services environment can be a positive development for AP. There are numerous benefits, including streamlined, automated, and

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When exploring the unknown, prudent travelers know to bring a guide. Although the terrain looks treacherous, someone has already been there and knows the best path through. Rely on their experience

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Since the 1980s, the shared services concept has evolved into one in which a customer/partner process is collaborative, flexible, and committed to high service levels. Process Standardization,

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Centralizing payables into a shared services center is an effective way to drive out costs through reduced headcount, standardized processes, and automation. While there are a multitude of concerns

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