Shared Services Center

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Shared Services Center is the entity responsible for the execution and the handling of specific operational tasks Accounting, human resources, payroll, IT, legal, compliance, purchasing, security. The shared services center is often a spin-off of the corporate services in order to separate all operational type of tasks from the corporate headquarters, which has to focus on a leadership and corporate governance type of role. As Shared Services Centers are often cost centers, they are quite cost sensitive also in terms of their headcount, labour costs and location selection criteria.