This report examines new service strategies around automating core finance functions for billing, collections, procurement, accounts payable and disbursement and should serve as a guide for finance managers considering a  shared service center. By definition, shared services are the consolidation of business operations that are used or “shared” by multiple parts of the same organization. Shared services are cost-efficient because they work to centralize back-office operations that are used by multiple divisions of the same company and eliminate redundancy. The most common uses for a shared services model is finance, human resource management and information technology. For the purpose of this report, finance shared service models will be discussed.  

Featuring software profile on ReadSoft.

PayStream Advisors provides in-depth research, reviews and comparisons of top accounts payable and purchase to pay automation software. Our analysts spend hours researching and watching demos and attending briefings of software for shared services, data capture, working capital, electronic invoicing, electronic payments, workflow, imaging, procurement and even travel and expense. That makes us the finance process gurus.

Table Of Contents

1. Executive Summary
2. The Case for Shared Services
3. Shared Service Center Challenges
4. Trouble in Paradise
5. Shared Service Structure
6. Accounts Payable and Shared Service
7. ReadSoft
8. Implementing Shared Services
9. Conclusion
10. Methodology
11. About PayStream Advisors