Shared Service in SAP

In SAP, a shared service refers to a centralized unit or department within the SAP system that provides common support functions to multiple business units or departments. These shared services can encompass various SAP modules such as Finance (FI), Controlling (CO), Human Capital Management (HCM), and Procurement (MM), among others. By leveraging shared services in SAP, organizations can standardize processes, optimize resource utilization, and improve efficiency and collaboration across the enterprise, ultimately driving operational excellence and cost savings.

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