Nowadays more and more companies are adopting shared services as a leading practice. Shared services continues to grow as a practice used by world-class companies to reduce costs, streamline processes and improve controls. Yet issues such as Sarbanes-Oxley legislation, heightened merger and acquisition activity and global integration have forced most organizations to re-evaluate their approach to shared services.
Shared services, a model that consolidates support operations into a service-oriented organizational unit, can substantially improve back-office efficiencies by eliminating duplication and streamlining processes. Deloitte experts from all over the world have joined forces in a practice solely for shared services.
Our Shared Services Group, which is made up of more than 500 experienced practitioners worldwide, takes a holistic approach to meeting clients’ shared services needs. We leverage our multifunctional capabilities to address the full range of issues in clients’ current or planned shared services organization: strategy and/or process; controls; people; location; tax; systems. In particular, the involvement of tax and internal control specialists enhances client value by identifying tax efficiencies and addressing internal controls and governance issues.