With growing competition and global economic uncertainty, businesses are facing greater pressure than ever to increase their productivity and profitability.
As a result, many companies are looking to implement a more dynamic business structure to cope with the challenges ahead. However, as companies focus on their core business areas, they can often overlook the benefits of consolidating, standardising and streamlining their back-office functions.
Yet, by realising efficiencies and leveraging economies of scale in their back offices they have the opportunity to not only reduce costs but also to free up more resources that can be invested into their core business areas. Using a shared services model can be a very effective solution for realising these benefits.