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SSC – Key Features

SSC is a form of Internal Outsourcing, enabling organizations…

to achieve economies of scale by creating a separate internal organization within the Group
to perform processing through consolidation of common Business Processes Services, currently performed at multiple locations
‘Realignment’ or ‘Repositioning’ of common support functions along with organizational, technology and process changes
A Client / Service Provider relationship with the rest of the business, governed by a Service Level Agreement

 


Key Processes for SSC Review

Payables
Accounts
Reconciliation
Receivables
Operations
Vendors Payables Preparation
 Billing
 Loan / Mortgage/ Claims / Card
Capital Payments Research & Clearance
 Remittance Processing
Remittance Processing
Advertising & Promotion
 Reporting
 Receivables Processing Premium Admin
T&E Payments
 B/S Account Ownership
 Collections
 Rewards Processing
Vendor MIS
Recon Reduction A/R MIS Pricing
  Recon Review
   Business MIS
  B/S Control
    

General
Ledger (GL)
Accounting
Reporting
Tax
A/C Set Up Revenue Acc’ting
 P&L Statements
 Tax Returns
GL Prep
 Expense Acc’ting Balance Sheet
 Corporate Returns
Currency Translations
 Fixed Assets Acc’ting Variance Analysis
 Tax Schedules
GL Review
 Month End Acc’ting Balance Sheet Review
 Tax Query Analysis
GL Systems
 Inter Company Acc’ting
 Product Line Reports
 
GL Analytics
 Accrual Management
 Key indicators
  
Review Chart of Accounts
 Month End Analysis
    

Benefits of Shared Service Operations

“More than Bringing together similar activities in one location”

Ease of Operation
Better Controls
Enhance Value for Money
Achieve Economies of Scale
Repositioning of common support functions
A Client/ Service Provider Relationship, governed by Service Level Agreements (SLA)
Ensure Uniform following of Policies & Business processes
Improve consistency and accuracy of information
Better leverage the investments in ERP