TITLE

Earnings Pressures Boost Shared Services

AUTHOR(S)
McReynolds, Scott; O'Brien, Brian
PUB. DATE
January 2002
SOURCE
Financial Executive;Jan/Feb2002, Vol. 18 Issue 1, p36
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article discusses the benefits to firms of shared services. In a multi-unit firm, shared services save money and eliminate redundancy by having multiple units share the same group of centralized services. Firms using such standard technology as enterprise resource planning can achieve payback ratios of 30% or more. Particularly well-suited to a shared-services approach are accounting, human resources, and other non-core operations. Automation, off-shoring, and outsourcing all have implications for shared services, which the author discusses.
ACCESSION #
11910454

 

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