A shared service model is a business approach where common functions, such as IT, HR, or finance, are centralized and provided to multiple departments or business units within an organization. This model aims to streamline operations, reduce costs, and improve efficiency by standardizing processes and leveraging economies of scale. Shared service models often involve establishing dedicated service centers or teams to deliver these shared functions effectively across the organization, fostering collaboration and resource optimization.
Reimagine Your Order-To-Cash with AI
Touchless Receivables. Frictionless Payments.
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Emagia is a leading provider of AI-powered Order-to-Cash (O2C) automation platform that modernizes finance operations for midsize to large global businesses. Many global businesses and shared service centers use Emagia’s Autonomous O2C to transform to digital world-class operations in credit, invoicing and payments, receivables, collections, deductions, cash application and cash forecasting. Emagia solutions improve their customers DSO, cash flow, credit risk, operational cost, compliance and profitability.
