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A CFO's Guidelines for Streamlining Shared Service Center Operations

Sponsored By Basware, Inc.

Budgeting & Planning > Business Performance Management , Strategy

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Organizations can no longer afford the traditional loose buying processes that prevail in many departments. The high number of informal transactions by email, phone, fax and credit card open the door to uncontrolled buying. Today?s organizations need much better visibility into the flow of purchase orders and invoices, the supplier base and any negotiated discounts. Yet with such significant benefits to be gained, why are so many companies reluctant to drive for Procurement process standardization and contract adherence? Today?s shared service center (SSC) is better positioned than a retained IT function to partner with both Finance and Procurement and help the organization reach end-to-end vision of the P2P process. In fact, by implementing shared and integrated tools for these two key functions, SSCs can quickly deliver both strategic and operational benefits. Eventually it all comes down to justifying any new SSC with a business case that is compelling to all key stakeholders, including top management, Finance and Procurement
Sponsored by: Basware, Inc.
Released: June 12, 2013
Length: 9 pages
Format: PDF (1125 kb)
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