Finance Shared Services in Oracle e-Business Suite Release 12.1
In today's global economy, the implementation of shared services is an obvious choice for businesses focused on cost-cutting initiatives. But a shared service does more than save money - it readies businesses to gain maximum competitive advantage both now and once the economy rebounds. Finance organizations can achieve significant cost savings by centralizing back-office business services and/or moving them to a country with lower wages or taxes. This allows them to consolidate finance systems, establish a global processing standard, and eliminate redundancies.