Eliminating redundancy and reducing cost by consolidating back-office operations is a prime example of a shared services model. The evolution over past decades from a single function Shared Services to a more holistic Shared Services has meant higher-level services that go beyond transactions.
For this reason, Shared Services executives have identified a need for partnering with industry experts in key areas such as Accounts Payable for maximum impact. Tungsten Network, the world leader in global compliant electronic invoicing is one such expert, providing:
- Tungsten E-invoicing – transforming global business with automated invoices
- Tungsten Analytics – real-time insights for better buying decisions
- Tungsten Early Payment – putting Suppliers in control of their cash flow
For more details on the current model for Shared Services download this informative category insight.