Queensland Treasury Corporation
In today's increasingly competitive environment, there is constant pressure for corporate leaders to add value to their organizations. These contemporary organizations are increasingly moving into business models that attempt to reduce duplicate supporting processes and staff by streamlining business processes that are not central to the organization's operations and concentrating on strategies on strategic or core, business processes. This concept, known as Shared Services, attempts to bundle some of the supporting processes and non-strategic activities into a separate organization, which in turn treats those processes and activities as the core of its own business. Shared Services consolidate and support redundant functions, such as accounts payable and procurement, for disparate business units.