Multi-National Corporations (MNCs) with widespread global operations must treat separate (usually location-defined) parts of their businesses differently due to local statutory requirements, taxes, accounting methods, languages, and currencies, yet still must comply with corporate standards. The business must manage issues around security, ownership, reporting, and control for all transactions. For a MNC operating in 47 different countries spread across 6 continents, daily operations is a tedious exercise that requires that each business unit operates and supports operations independently while sharing data among other parts of the enterprise to leverage sourcing opportunities, inventory, and back-office transactions. Implementing a SSC enables the company to significantly reduce costs by having a central pool of employees to handle day-to-day tasks such as Procurement, Disbursement, Collections, Fixed Assets, Tax Compliance, Training & Development, and Payroll. Instead of carrying out these tasks in each of the 47 different countries and repeating each operation 47 times, a SSC combines similar tasks carried out throughout the enterprise and shares the overhead cost of providing these services internally. Offering these tasks as Shared Services enables the corporation to capitalize on the economies of scale and scope (in the form of reduced headcount, reduced operating costs, greater service levels, greater leveraging of resources, etc.) that come with the elimination of duplicate efforts.  >>MORE