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Improving Performance through Automation R2R insights for Shared Services

White Paper Published By: Trintech EMEA ABM Pilot
Trintech EMEA ABM Pilot
Published:  Nov 03, 2017
Type:  White Paper
Length:  14 pages

Typically, Shared Services Center (SSCs) automation initiatives have been undertaken to reduce costs and improve efficiency.

These goals are achieved relatively easily within the first few years, most immediately through reduced labor costs and centralized activities.

In fact, standardization and centralization deliver up to 50% savings. During subsequent phases, technology automation and outsourcing cut costs further. But, if cost reduction is the only clearly defined goal, organizations will reach a point of diminishing returns.



Tags : 
account reconciliation, accounting automation, finance shared services, finance transformation program, finance transformation strategy, financial close, financial close process, reconciliation software, adjusting journal entries, recuing journal entries

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