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University of Louisville Health Sciences Center Department of Shared Services Standard Operating Procedure Finance Standard Operating Procedures VIII. RevenueUniversity of Louisville HSC School/Department
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Step 1: Collect all necessary information about the shared services your department will provide.
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Step 7: Continuously evaluate and improve upon the services provided by your department.

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Departments within an organization that frequently collaborate and share resources can benefit from a shared services department.
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Department of shared services is a central unit within an organization that provides common administrative and support services to multiple departments or business units.
Organizations that have implemented a shared services model are required to file department of shared services.
Department of shared services should be filled out by providing detailed information about the services provided, organizational structure, and cost allocations.
The purpose of department of shared services is to streamline operations, increase efficiency, and reduce costs by consolidating common administrative functions.
Information such as services offered, service level agreements, cost allocation methodology, and performance metrics must be reported on department of shared services.
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