SSON Glossary: Finance Shared Services
Finance Shared Services is a business model and organizational approach that centralizes and consolidates certain financial functions and processes within a company or organization. The primary goal is to improve efficiency, reduce costs, and enhance the quality of financial services provided to various departments or business units within the organization.
What's Causing the Current Accountant Shortage?
October 04 by Evan Beebe
There were about 1.65 million accountants and auditors in the U.S. in 2022, down 15.9% from 2019, according to the Bureau of Labor Statistics’ current population survey.
Finance Transformation Starts with a Teardown to Core Processes
July 27 by Chris McCann
In order to build a finance function that meets the needs of your organization you need to tear it down to its basic building blocks and build it up from there.
Capgemini Case Study: SSC Transformation
January 10 by SSON Editor
Petrom S.A. is a former state-owned conglomerate comprising over one hundred independent companies throughout Romania, covering the whole value chain of oil and gas exploration, production and selling...
Carve-Outs as the Next Step for Shared Services
January 10 by SSON Editor
In this period of turbulent economic and capital market conditions, corporates are increasingly faced with the challenge of how to focus on their core businesses, reduce costs, avoid unnecessary capit...
