7 Myths Challenging Shared Services Adoption

SUMMARY

Many enterprises are hesitant to invest in shared services due to fear of vendor lock-in, an aversion to “outsourcing,” or just a lack of information

Sharing services provides an opportunity to better leverage talent by relieving knowledge workers and core staff from having to perform mundane

In an increasingly uncertain marketplace, enterprises are primarily looking to optimize their costs and ensure future-readiness through operational flexibility and agility

Over the past decade, the role of shared services has evolved significantly. Shared services centers (SSCs), previously dedicated to performing specific, mundane tasks, have transformed into integrated, operational hubs with immense potential for back office automation, intelligent decision-making, and cost optimization.

In fact, a study conducted by McKinsey suggests that companies can save time and money, and see a 50% increase in back office efficiency, by leveraging the power of digitized shared services.

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