What is Meant by Shared Services?

Shared services refer to centralized units within an organization that provide common business support services to multiple departments or divisions. These services, which can include functions such as human resources, finance, IT, and procurement, are consolidated to achieve economies of scale, standardize processes, and optimize resource utilization. By centralizing these services, organizations can enhance efficiency, reduce costs, and improve service quality across the enterprise, fostering collaboration and synergy among different business units.

Learn More Download Casestudy Read Blog