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Global Shared Services 2017 Survey ReportContents 01Overview 0304Index of survey questions1702About the survey05Contact us1803Key findingsGeography and organizationScope of shared servicesOperations

How to fill out global shared services

How to fill out global shared services:

1. Identify the specific needs of your organization: Before implementing global shared services, it is essential to determine the specific needs and goals of your organization. Identify the processes that can be streamlined and standardized through shared services.
2. Assess cost and efficiency benefits: Evaluate the potential cost savings and efficiency improvements that can be achieved through global shared services. Consider factors such as centralized procurement, economies of scale, and reduced duplicative efforts.
3. Design an appropriate governance structure: Establish a governance structure that defines roles, responsibilities, and decision-making processes for the global shared services. This includes defining the relationship between the shared services function and the rest of the organization.
4. Develop a transition plan: Plan the implementation of global shared services, considering factors such as the phasing of implementation, resource allocation, and potential impact on existing processes and employees. Develop a clear roadmap and timeline for the transition.
5. Assess technology requirements: Determine the technology platforms and systems needed to support global shared services. Evaluate whether existing systems can be leveraged or if new ones need to be implemented. Consider factors such as integration capabilities, data security, and scalability.

Who needs global shared services:

1. Large multinational corporations: Global shared services are often utilized by large organizations with multiple operations and locations worldwide. These companies benefit from centralizing certain processes to streamline operations, reduce costs, and improve efficiencies.
2. Organizations with complex operations: Global shared services can be beneficial for organizations with complex and diverse operations. By consolidating certain functions across different business units or regions, these organizations can achieve standardization and greater control over processes.
3. Companies seeking cost savings: One of the primary motivations for implementing global shared services is to achieve cost savings. Organizations that are looking to reduce expenses, optimize resources, and eliminate duplicative efforts can benefit from centralizing certain processes through shared services.

In conclusion, filling out global shared services involves a systematic approach to assess organizational needs, design an appropriate governance structure, plan the transition, evaluate technology requirements, and achieve cost and efficiency benefits. It is particularly relevant for large multinational corporations, organizations with complex operations, and companies seeking cost savings.

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What is global shared services?

Global shared services is a business model where centralized departments provide services to multiple divisions or subsidiaries across different geographical locations.

Who is required to file global shared services?

Companies that utilize a global shared services model and need to report financial information across various regions are required to file global shared services.

How to fill out global shared services?

Global shared services can be filled out by gathering financial data from various departments or regions and consolidating them into a single report.

What is the purpose of global shared services?

The purpose of global shared services is to streamline operations, reduce duplication of efforts, and achieve cost savings by centralizing common business functions.

What information must be reported on global shared services?

Information such as financial performance, operational metrics, cost savings achieved, and any challenges faced in implementing the shared services model must be reported on global shared services.