Establishing a Shared Services Center of Excellence
Today’s Global 2000 enterprises are under unrelenting pressure to reduce costs and maximize worldwide efficiencies. The centralization of finance processes such as credit, billing, receivables, payables and treasury into Shared Services Centers is increasingly being seen as the solution of choice. However, establishing a Finance Shared Service Center of Excellence presents its own challenges – integrating multiple disconnected systems, managing worldwide finance processes, and coordinating a global delivery model.
EMAGIA Finance Shared Services Solution is a powerful web-based application suite that addresses these core problems while providing a scalable platform for future growth.
EMAGIA Finance Shared Services Solution offers business critical capabilities such as:
Providing Global Visibility into A/R and A/P: Consolidated visibility across multiple ERP systems with multi-language and multi-currency capabilities
Automating A/R and A/P Processes to Gain Efficiencies: Best practices based automation of A/R and A/P. Facilitates Six Sigma level transaction quality and lowers transaction costs.
Elevating Finance Shared Services Performance: Powerful analytics and reporting allow Shared Services executives to measure and monitor performance, adherence to Service Level Agreements and chargeback levels to business units.
Enabling Corporate-wide Compliance: Establishment of key internal controls around A/R and A/P for Sarbanes-Oxley compliance with detailed audit trails and risk management.