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The shared services model is designed to provide services to customers internal stakeholders, business-unit leaders and functional heads. The SSO typically operates like a business, with a defined set of services and pricing structure.
A shared services agreement is a model for delivering corporate support. It works by consolidating and combining services between business units and headquarters into one separate entity that is based on principles similar to the market.
A shared agreement is a framework for two or more parties working together toward their shared goals. It forces all parties to recognize that they have a role to play in the successful execution of the client's goals.
Shared Service Centers reduce service duplication and business unit silos within organizations by integrating service functions into a single department. This prevents knowledge silos from developing within business units and ensures that knowledge generated through service delivery can benefit the entire organization.
Shared Services refers to a group of centralized, non-revenue-generating operations that support multiple divisions, or lines of business, of the company.