Shared Services Department

What is a Shared Services Department ?

Shared Services Department is a centralized organizational unit within a company or organization that provides shared services and support to multiple business units or departments.

What is the role of Shared Services Department ?

The goal of a Shared Services Department is to consolidate and standardize administrative, financial, human resources, and other support functions, resulting in improved efficiency, cost savings, and better service delivery. Shared Services Departments may be established as a separate entity within the organization, or may be a division within an existing department.

Get an actionable summary that deep-dives on the top 23 KPIs using which shared services teams will be able to make a strategic impact on the organization.