shared services center , SSC (Abkürzung)

A shared services center was created in the new parent company.

Czech Aeroholding also serves as a shared services center for all firms within the holding company.

Philips, the Dutch electrical conglomerate, operates a shared services center outside Warsaw.

As shared services centers are often cost centers, they are quite cost-sensitive also in terms of their headcount, labour costs and location selection criteria.

The company has 1000 installations in over 50 countries in verticals such as banking, insurance, business process outsourcing (BPO), shared services center (SSC), financial institutions, government, healthcare, telecom, defense and manufacturing.

The shared services center is often a spin-off of the corporate services to separate all operational type of tasks from the corporate headquarters, which has to focus on a leadership and corporate governance type of role.

Hackett Benchmarking & Research- www.answerthink.com/hackett/ Hackett Benchmarking & Research maintains comprehensive, ongoing benchmarks of finance, human resources, information technology, planning/performance measurement, procurement, customer contact centers, and shared services centers.

A shared services center - a center for shared services in an organization - is the entity responsible for the execution and the handling of specific operational tasks, such as accounting, human resources, payroll, IT, legal, compliance, purchasing, security.

Through analysis of the data, the team identified nine potential cost-savings opportunities for the district, which included: establish shared services for major utility purchasing; develop shared services for Food Service Management; and establish a shared services center for technology purchasing.

As part of an overall strategy to reduce the cost of finance and better support business objectives, many leading organizations have reduced the number of staff required to perform routine transaction processing activities by eliminating or streamlining inefficient processes and/or consolidating these activities at shared services centers.