Multi-divisional and multi-location companies often have decentralized business processes, including Finance and Accounting (F&A), contract management, or commercial operations. Many of these are developed as a business grows, and are traditionally accepted. However, there are certain clear advantages to centralizing these functions, including:
In centralized teams, the corporate or regional headquarters do not need to manage dispersed teams remotely, avoiding challenges and extra costs in coordination, human resource management, and ensuring uniform implementation of policies and processes.
For a business with a multinational footprint, differences in time zones, languages, and cultures are serious concerns. A centralized team can reduce management challenges, and ease process optimization, accuracy, and reporting.
In a centralized model, teams can be scaled up or down based on growth rates, work is process dependent rather than person dependent, and technology can be deployed to enhance efficiency.
These inherent advantages motivate businesses to create a structure that leverages the benefits of both - having a lean process team close to the business, as well as a shared services set-up that handles the large volume, rule-based, process-driven aspects.
Nexdigm has a robust methodology towards creating a customized solution best suited to your business needs, which includes:
In fact, our ability to handle transactions in languages other than English helps us deliver a truly global shared services set-up.
You can choose the engagement model that suits your needs.
Reach out to us at ThinkNext@nexdigm.com