Shared Services
Organizations implement shared services for a number of reasons with cost reduction being one of the most prominent. Undeniably accurate transaction level data that receives buy-in throughout the organization is key to the success of reducing costs through shared services. With Cost Analyzer you can:
- Measure best practice cost per individual transaction-level output of shared service activities both within the organization and externally. This granularity enables you to identify and address instances of cost overages and to pinpoint opportunities to reduce costs by better managing capacity.
- Identify shared service opportunities across the organization by documenting duplication of activities across divisions, departments and facilities.
- Accurately charge back shared service costs at the transaction level. This provides the customers of these shared services with an undeniably accurate understanding of their shared services cost allocations and how they can reduce those allocated costs and operate in a more efficient manner.
- Accurately plan for, allocate, and track front office and back office resources to business objectives. Set and implement transfer pricing with greatly increased accuracy, ease and efficiency. Allocate indirect cost and back office expense down to the individual line item and transaction level for greater accountability and accuracy in charge-back pricing.