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The pathway to success for global process owners

Five strategies to unlock positive business outcomes

From aligning strategic business outcomes to leadership mandates, discover five areas that can help organizations harness the full potential of global process owners.

A call for global process owners

Around the world, shared services centers are constantly seeking to optimize performance and reduce costs across large-scale value streams (for example, procure to pay, quote to collect, etc.). In today’s dynamic environment, setting up a singular role responsible to advise the outcomes of core shared services processes is more important than ever to empower global process owners.

While “global process owner” isn’t a new term for many firms, successfully implementing the role can be challenging. A successful global process owner must be able to balance subject matter expertise and a change mindset—while also being entrusted by the organization to enact and oversee meaningful process transformation.

Discover the five key elements that can help drive global process owner success.

To achieve lasting change, global process owners and senior leadership should set strategic business outcomes as overarching key performance indicators to measure against and contribute toward.

A misconception is that global process owners can influence only processes directly under their control. While it may not always be practical to have an individual role own every element of a process, the global process owner role must be structured to adequately advise global stakeholders. Without their buy-in, the role may not be equipped to drive process transformation.

Global process owners are best positioned for success when they report to the executive who owns the strategic business outcomes. This allows the role to effectively advise senior leadership away from siloed process metrics and toward perspectives shaped by the strategic business outcomes.

Once in place, giving global process owners end-to-end process visibility is the “secret sauce” to drive success. It’s critical that they work across the value stream to map the associated process, technology, customer experience, data, and controls. Special emphasis should be placed on ensuring the right data is available at the right time.

Organizations must lay out key decisions prior to kicking off transformation. Working together and defining a decision rights matrix upfront allows for transparent expectations and process governance. As organizations define the global process ownerrole, key decisions for responsibilities should include selecting new technologies andpioneering new ways of working and setting priorities across the value stream.

Three primary enterprise service delivery goals

Global medical device organization

At a global medical device organization, a singular global process owner oversaw each of the firm’s global shared services center locations. In turn, each location delivered an end-to-end process. This multi-regional approach allowed the firm to leverage region-specific expertise to drive change but created long-term service delivery cost considerations.

Financial services firm

At a financial services firm, global process owners reported to an end-to-end process design and improvement group. This created opportunities to leverage economies of scale across global transformation initiatives but required a high degree of continuous coordination across multiple process improvement workstreams.

Multiple organizations

Multiple organizations are increasingly exploring a structure that sees global process owners sit outside of the shared services organization entirely, reporting to a senior leader, such as the CFO, directly. This model elevates the role to create lasting organizational impact given the appropriate executive mandate is in place.

Ready to unlock the full potential of your global process owners? Find more insights in our full report.

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