Shared service centers that handle such back-office tasks as billing and payments have become a part of the corporate landscape, many executives seem to unhappy with the performance of such centers, according to a recent SunGard survey.

The survey included 485 executives from companies around the world, some of whom worked in shared service centers (SSC) and others in business units served by shared service centers. Almost 37% of the business unit executives expressed dissatisfaction with their shared service center's performance, although that sentiment was shared by just 19.7% of the shared service center executives.

The main complaint, that the company's culture keeps it from using the shared service center properly, was cited by 52% of business unit executives and 65.5% of shared service center executives.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.