A Burning ($) Platform Supports Shared Services Business Case
How do you get from 3rd quartile cost of Finance to take advantage of a 0.6% sales opportunity? Put differently, a benchmarking exercise identified a US$65m opportunity for Parker Hannifin’s global operations. (Parker Hannifin is the world’s leading manufacturer of motion and control technologies.)
Tony Sayer, VP, Assistant Corporate Controller, talks to SSON at SSOWeek in Orlando, earlier this month, to share his roadmap, and highlights where and why the roll out was more challenging for some countries.
With the average age of FTEs in Parker Hannifin’s Polish center just 29, there are some significant compromises to consider in order to get the languages and skills combination you need, he explains. On the other hand, natural attrition will support transformation to new technology enabled processes.
One of the learnings: using a third party makes more sense as you move along the implementation journey.