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Shared Services is a form of Consulting and Outsourcing that involves the consolidation of certain business processes and functions into a single, centralized unit. This unit is typically responsible for providing services to multiple business units within an organization. The goal of Shared Services is to reduce costs, improve efficiency, and increase the quality of services.
Shared Services can be used to manage a variety of business processes, including finance, accounting, human resources, procurement, and IT. By consolidating these processes into a single unit, organizations can benefit from economies of scale, improved process standardization, and increased visibility into operations.
Some of the leading companies in the Shared Services market include Accenture, Deloitte, IBM, KPMG, and PwC. Show Less Read more