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EVENT Finance SharedServices to GlobalBusinessServices: A Journey Worth Taking? Roundtable Wednesday, March 1, 2023 The ACCA (Association of Chartered Certified Accountants) report released in September 2022, Finance SharedServices to GlobalBusinessServices: A Journey Worth Taking?
As India’s prominence in GlobalBusinessService (GBS) grows, staying updated on tax laws and adapting agile strategies is essential for multinational corporations to achieve sustainable growth amid evolving globalbusiness dynamics.
SharedServices and Outsourcing Week (SSOW) is the industry’s leading collaborative event that brings together professionals, leaders, and experts from various industries and backgrounds to share their best practices every year. The week featured prize-winning speakers and GlobalBusinessServices giants.
” – Peter Drucker In the 1980s, SharedService Centers (SSCs) and third-party Independent Software Vendors (ISVs) significantly changed how American organizations managed essential functions by providing access to global talent. This evolving landscape prompts a re-evaluation of how services can be optimally delivered.
Everest Group projects that the finance and accounting outsourcing (FAO) market will grow significantly (up to 10% year-on-year) in 2022, because enterprises are demonstrating an openness toward expanding their scope of services with third-party service providers.
DALLAS, July 30, 2024 — Everest Group has released its in-depth report evaluating the nation’s potential as a location for offshore globalservices. For IT, BP and ER&D-focused ventures looking to expand their offshore locations for globalbusinessservices, the research found that Egypt proves a fertile ground.
For those who have not read my previous post, “Moving from SharedServices to GlobalBusinessServices,” let me provide a quick summary. SharedServices (SS) is an operating model that has been around for decades. “End to End” process accountability is key. HR, IT, Finance, etc.)
Macroeconomic changes, talent shortages, and evolving trends, including technological advancements, have businesses increasingly relying on outsourcing as a strategy. These tools encompass a wide range of technologies requiring deep expertise in areas where your business is unlikely to have the team to accomplish this. References 1.
The concept of SharedServices Companies (SSC) is not new; however, the rise in domain expertise combined with modern technologies have helped them evolve from mere transactional offices into strategic value centers. Setting up a Finance COE comes with its fair share of concerns and challenges. VIEW Report DOWNLOAD THE REPORT
Welcome to my third article in a series focused on insights, experience and practical advice on an operating model called GlobalBusinessServices (GBS). The GBS operating model is the latest step in the evolution of sharedservices (SS). It enables functional resources (i.e., HR, IT, Finance, etc.)
Combined with the assisted model, these two approaches account for over 90% of GCC setups supported by providers. Multiple providers have created dedicated business units focused solely on the GCC market, employing specialized sales teams aligned with GCC accounts.
million Full-time Equivalents (FTEs) in globalservices delivery, accounting for 15-18% of the total globalservices workforce worldwide. Reassess your GlobalBusinessServices (GBS)/sharedservices and vendor portfolio to ensure enough overlap and redundancy across both operational and management processes.
What accounts for this acceleration in companies building their own capability rather than taking advantage of a third-party service provider’s capability? There are hundreds of new startups, and existing captives are significantly expanding their capabilities. Read more in my blog on Forbes
(NASDAQ: HCKT) today announced the winners of its 2021 Digital Awards, which spotlight companies that are on the cutting edge of using digital transformation solutions, including automation, advanced analytics, and AI to hyper-automate end-to-end business operations.
Setting up Global Capability Centers (GCCs): The Go-to De-risking Strategy for Businesses GCCs can handle a wide range of functions, including IT Services, Finance & Accounting, Human Resources, Research & Development, Customer Support, and more.
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