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In this course we discuss how Shared Services for Finance has migrated from an emphasis on cost control and efficiencies to a focus on value creation.

We start with a brief overview of Shared Services and how it has evolved. We explore the pros and cons of moving to a Shared Services model and some of the potential pitfalls. Then we examine the transition to a Shared Services approach as part of a change management effort, and how to identify and engage with key partners and stakeholders to achieve desired business outcomes.

Learning Objectives

  • Explore the pros and cons of moving to a Finance Shared Services (FSS) model
  • Identify the most beneficial functions for FSS
  • Identify the most common pitfalls in FSS deployment
  • Discover how change management can accelerate adoption and obtain buy-in
  • Identify how to create partnerships with key stakeholders to drive the transformation

 

 

Last updated/reviewed: November 29, 2017

3 Reviews (11 ratings)Reviews

4
Member's Profile
The course includes points that I had known to consider before the activities of my group were transferred to a shared services center.
4
Member's Profile
Nice overview and highlighted things to consider as one moves forward.
4
Anonymous Author
Interesting.

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  8:45Introduction to Transitioning to Finance Shared Services
Optimizing Finance Shared Services
  10:01Major Functions for SSC
  9:36FSS from a Systems Perspective
  11:14What Employees Want to Know and Communication
CONCLUSION
  7:30Summary
CONTINUOUS PLAY
  47:05Optimizing Finance Shared Services with Change Management
SUPPORTING MATERIALS
  PDFSlides: Optimizing Finance Shared Services with Change Management
  PDFOptimizing Finance Shared Services with Change Management Glossary/Index
REVIEW AND TEST
  quizReview Questions
 examFinal Exam