In this course we discuss how Shared Services for Finance has migrated from an emphasis on cost control and efficiencies to a focus on value creation.

We start with a brief overview of Shared Services and how it has evolved. We explore the pros and cons of moving to a Shared Services model and some of the potential pitfalls. Then we examine the transition to a Shared Services approach as part of a change management effort, and how to identify and engage with key partners and stakeholders to achieve desired business outcomes.

Learning Objectives
  • Explore the pros and cons of moving to a Finance Shared Services (FSS) model
  • Identify the most beneficial functions for FSS
  • Identify the most common pitfalls in FSS deployment
  • Discover how change management can accelerate adoption and obtain buy-in
  • Identify how to create partnerships with key stakeholders to drive the transformation

 

 

Last updated/reviewed: March 11, 2024
12 Reviews (41 ratings)

Reviews

3
Member's Profile
This is an informative course although it drags along with a very slow pace. I feel like this could have been covered in half the time.
4
Anonymous Author
This course on shared services provided a high level overview and good background related to the change over to a shared services model.
4
Anonymous Author
The course includes points that I had known to consider before the activities of my group were transferred to a shared services center.
4
Anonymous Author
Very helpful course in navigating through any kind of change management process, not just that related to Shared Services.
5
Anonymous Author
Interesting. This class gives insight to the changes that are coming and why companies are making the changes.
3
Anonymous Author
Pretty good course, lots of good points about what to expect when going to a shared services program.
5
Anonymous Author
Excellent course with practical insights. Very well prepared and presented.
4
Anonymous Author
A little slow, speaker is not very engaging. I have to make this longer.
4
Anonymous Author
Good overview of what to consider and be aware of when moving to SSC.
4
Member's Profile
Nice overview and highlighted things to consider as one moves forward.
4
Member's Profile
The reference materials supported the video presentation
4
Anonymous Author
Interesting.
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Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Transitioning to Finance Shared Services8:45
Optimizing Finance Shared Services
  Major Functions for SSC10:01
  FSS from a Systems Perspective9:36
  What Employees Want to Know and Communication11:14
CONCLUSION
  Summary7:30
CONTINUOUS PLAY
  Optimizing Finance Shared Services with Change Management 47:05
SUPPORTING MATERIALS
  Slides: Optimizing Finance Shared Services with Change ManagementPDF
  Optimizing Finance Shared Services with Change Management Glossary/IndexPDF
REVIEW AND TEST
  Review Questionsquiz
 Final Examexam