What functions can be centralized in shared service center?

A shared service center is a centralized unit that serves different business functions within an organization. A shared service center can provide a range of services, including finance, IT support, procurement, HR administration, and customer service. Centralizing these functions in a shared service center can help the organization streamline processes, increase efficiency, and reduce costs. Additionally, a shared service center can provide standardized services across different business units, which can improve consistency and quality of service delivery. By centralizing functions in a shared service center, organizations can focus on their core business objectives and achieve greater success in their markets.

This mind map was published on 19 June 2023 and has been viewed 129 times.