Shared Services
Example
For example, a company that implements Shared Services strategies, like Implementing shared services reduced overhead costs., can see significant improvements in their business performance by streamlining workflows, enhancing productivity, and boosting overall profitability.
Definition
A business model that consolidates support functions into a single unit to provide services to multiple departments. This term is crucial in the Shared Services context as it helps businesses understand how to Shared Services in their operations, making it highly relevant for industries looking to optimize Shared Services processes.
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