Synfiny Advisors Business Practice
Shared Services
As companies and business lines grow more complex, so do transactional or “back office” activities. From accounting and treasury work to purchasing and human resources, complexity grows and can take a toll on the agility and responsiveness of the total organization. It can also waste a lot of money!
Is it time for you to create or re-evaluate centralized, cross-functional services and solutions that can support all your lines of business in any location? This is the concept of Shared Services. But it’s more than just a cost savings move. It is about Business Impact, Business & Organizational Capability and Performance. It is about concentrating expertise, creating organization scale, speeding up business processes and making your company more responsive to market opportunities.
SynFiny’s Shared Services approach is to first create a deep “end-to-end” understanding of your company’s key policies, work processes, organizations, and tools. Then to evaluate your “as is” state using a Shared Service Maturity Matrix Model. Then we help you design/create a roadmap or improve existing Shared Services to make your highest priority transaction areas more accurate, effective, and efficient. We can also help with execution, training, systems, and work process design.
Business Impact
- Cost Reduction & Productivity
- Value Creation Model
- Business Intelligence & Insights
Business & Organizational Capability
- Scope Coverage
- Talent Development
- Winning Culture
Performance
- Service Quality
- Process Optimization
- Technology Leveraging
Typical Client Results:
- Operations freed up to focus on delivering business goals
- Increased productivity (+10% to +20%)
- Cost savings (-20% to -40%)
- Improved compliance and reduced business risks
- More timely and visible data (2X faster)
- Greater accuracy
- Improved sourcing and purchasing savings
- Faster and more efficient integration of acquisitions or separation of divestitures