What is Shared Services

Shared services is the consolidation of business operations that are used by multiple parts of the same organization.

Shared services are cost-efficient because they centralize back-office operations that are used by multiple divisions of the same company and eliminate redundancy. Today, most companies employ a shared services model for finance, human resources, marketing and information technology.

How The Diversity Consortium Can Help

Our service partners provide a full spectrum of service provisions through:

  • Finance & Accounting
  • Marketing
  • Human Resources
  • Information Technologies
  • Facilities & Real Estate
  • Governance, Risk Management & Compliance

This puts the same high-quality corporate services of a large organization at the finger tips of XBEs.

Centralized Shared Services graphic

Shared Services Trends

Automation and Digitalization

Acceleration of development & adoption of new digital business capabilities that leverage all the data, drive better analytics, & develop value-adding partnerships.

Virtual – Future of Work

Leveraging economies of scale, more consistency in processes, and the potential cost savings from labor arbitrage.  Significant advancement in new technologies & online collaboration tools will drive this virtualization.

Marching into Next Generation

Digitalization & Intelligent Automation will implement more resilient operating models, with hybrid workforces of human and digital workers, and will deliver more services, Closer integration of functions, technologies, processes, data and teams across the business, all with the goal of producing better outcomes.

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If you would like to speak with someone about XBE Shared Services or any of the other services The Diversity Consortium and our Service Partners offer please reach out to info@thediversityconsortium.com or call 919.502.3104

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